There Is a Newer Version of the Michigan Compiled Laws
2011 Michigan Compiled Laws
Chapter 445 — TRADE AND COMMERCE
Act 135 of 1977 — MORTGAGE LENDING PRACTICES (445.1601 - 445.1614)
- Section 445.1601 — Definitions.
- Section 445.1602 — Denying loan application or varying terms or conditions of loan contract; uniform application of policy or criteria; basis for consideration of loan application; minimum mortgage amount; minimum loan amount; opportunity to submit loan application; credit unions; written statement; compliance with equal credit opportunity act; application fee; copy of appraisal; copies of forms, reports, and correspondence; liability for error or omission; loan inquiry; pamphlet or document explaining criteria.
- Section 445.1602a — Property/casualty insurance as condition to loan; limitation on amount required; amount as condition of sale, transfer, or assignment.
- Section 445.1603 — Lending policies and criteria; loan application procedures and contract terms.
- Section 445.1604 — Advantageous loan terms.
- Section 445.1605 — Notice to loan inquirers or applicants; posting; contents.
- Section 445.1606 — Repealed. 2002, Act 692, Eff. Mar. 31, 2003.
- Section 445.1607 — Retention of records and documents.
- Section 445.1608 — Violation; investigation; progress report; hearing; report; availability of information.
- Section 445.1609 — Voluntary mortgage review boards; mandatory mortgage review boards.
- Section 445.1610 — Rules.
- Section 445.1611 — Injunction; damages; commissioner as party plaintiff; class actions prohibited.
- Section 445.1612 — Violation; fine; costs of investigation; proceedings.
- Section 445.1613 — Commencement of action; limitation.
- Section 445.1614 — Effective date.
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