There is a newer version
of
this Statute
2020 Michigan Compiled Laws
Chapter 493 - Regulatory Loans
Act 379 of 1984 Credit Card Arrangements (493.101 - 493.114)
AN ACT to define and regulate certain credit card transactions, agreements, charges, and disclosures; to provide for the powers and duties of certain state officers and entities; to provide for the promulgation of rules; and to provide remedies and penalties.
History: 1984, Act 379, Imd. Eff. Dec. 28, 1984 ;-- Am. 2020, Act 76, Imd. Eff. Apr. 2, 2020
- Section 493.101 Definitions.
- Section 493.102 Credit Card Arrangement; License Required; Terms and Conditions.
- Section 493.103 Application for License; Oath; Form; Contents; Fees; Net Worth Requirements; Rules.
- Section 493.104 Investigation; Finding; Issuance of License; Refusal to Issue License; Expiration of License.
- Section 493.105 Duties of Commissioner Upon Refusal to Issue License.
- Section 493.106 Suspension, Revocation, or Refusal to Renew License; Notice; Grounds; Surrender of License; Duration of License; Reinstatement or Issuance of New License; Preexisting Lawful Contracts.
- Section 493.107 Investigations and Examination of Books, Accounts, Records, and Files; Electronic Data Processing Not Prohibited; Establishment of Annual Fee Schedule; Fees Nonrefundable; Penalty; Disposition and Use of Fees and Expenses; Action for Recovery of Fees or Expenses.
- Section 493.108 Subpoena of Witnesses and Evidence; Oaths and Affirmations; Noncompliance; Order; Contempt.
- Section 493.109 Books, Accounts, and Records; Maintenance, Preservation, and Availability; Audit; Cost.
- Section 493.110 Maximum Interest; Computation; Fee; Offer of Loan or Credit in Connection With Other Accounts, Services, or Similar Agreements; Prohibited Conditions.
- Section 493.111 Truth in Lending Act; Disclosures, Information, and Notices; Applicability.
- Section 493.112 Wilful and Intentional Violation as Misdemeanor; Conduct Barring Recovery and Entitling Consumer to Attorney Fees and Court Costs; Authorized Actions.
- Section 493.113 Rules.
- Section 493.114 Exemptions; Credit Card or Charge Card Issued Prior to Effective Date of Act.
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.
