There is a newer version
of
this Article
2020 Michigan Compiled Laws
Chapter 487 - Financial Institutions
Act 244 of 2005 Deferred Presentment Service Transactions Act (487.2121 - 487.2173)
Article 3 - (487.2151...487.2160)
- Section 487.2151 Notice; Posting; Form.
- Section 487.2152 Written Deferred Presentment Service Agreement; Signatures; Provisions; Arbitration.
- Section 487.2153 Transaction; Limitation on Amount; Service Fee; Conditions Prohibiting Entering Transaction; Duties of Licensee; Prohibited Conduct; Sign.
- Section 487.2154 Customer Eligibility; Verification; Use of Database; Fee; Submission of Information to Database; Closure of Transaction.
- Section 487.2155 Renewal or Extension of Agreement; Repayment Option; Conditions; Terms; Notice; Satisfaction of Drawer's Obligation; Deposit of Check Held in Connection With Transaction; Return of Check; Payment by Debit Card; "Telephone-Initiated Entry" defined..
- Section 487.2156 Violation of Act.
- Section 487.2157 Rescission of Agreement; Redemption of Check by Drawer.
- Section 487.2158 Endorsement of Check; Returned Check Charge; Liability for Dishonored Check.
- Section 487.2159 Agreements; Maintenance; Availability for Examination; Rejected Applications.
- Section 487.2160 Prohibited Conduct.
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.