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2017 Michigan Compiled Laws
Chapter 446 - Business Regulation
Act 66 of 2009 REFUND ANTICIPATION LOAN DISCLOSURE ACT (446.111 - 446.121)
Section 446.117 Information to be disclosed before entering agreement.
Universal Citation: MI Comp L § 446.117 (2017)
446.117 Information to be disclosed before entering agreement.
Sec. 7.
Before entering into a refund anticipation loan agreement, the facilitator shall clearly disclose both of the following to the taxpayer:
(a) The estimated total fees for the refund anticipation loan.
(b) The estimated annual percentage rate for the refund anticipation loan.
History: 2009, Act 66, Imd. Eff. July 9, 2009
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