Section 445.1821 – Short Title.
445.1821 Short title. Sec. 1. This act shall be known and may be cited as the “credit services protection act”. History: 1994, Act 160, Imd. Eff. June 13, 1994
Section 445.1822 – Definitions.
445.1822 Definitions. Sec. 2. As used in this act: (a) “Buyer” means a person who is solicited to purchase or who purchases the services of a credit services organization. (b) “Credit services organization” means, except as otherwise provided in subdivision (c), a person who, in return for consideration, attempts to sell, provide, or perform 1 […]
Section 445.1823 – Prohibited Conduct.
445.1823 Prohibited conduct. Sec. 3. A credit services organization, a salesperson, agent, or representative of a credit services organization, or an independent contractor who sells or attempts to sell the services of a credit services organization shall not do any of the following: (a) Charge or receive from a buyer that is seeking a loan […]
Section 445.1824 – Actions by Attorney General, County Prosecutor, or Buyer; Limitation; Other Legal Remedies Not Limited or Prohibited.
445.1824 Actions by attorney general, county prosecutor, or buyer; limitation; other legal remedies not limited or prohibited. Sec. 4. (1) Except as provided in subsection (2), the attorney general, a county prosecutor, or a buyer may bring an action to do 1 or more of the following: (a) Enjoin a person who is engaged or […]
Section 445.1825 – Violation as Misdemeanor; Penalty; Separate Offense; Recovery of Fees or Other Charges.
445.1825 Violation as misdemeanor; penalty; separate offense; recovery of fees or other charges. Sec. 5. (1) A person who violates this act is guilty of a misdemeanor punishable by imprisonment for not more than 90 days, or a fine of not more than $1,000.00, or both. Each transaction in violation of this act constitutes a […]
Section 445.1826 – Repeal of MCL 445.1701 to 445.1708.
445.1826 Repeal of MCL 445.1701 to 445.1708. Sec. 6. Act No. 361 of the Public Acts of 1988, being sections 445.1701 to 445.1708 of the Michigan Compiled Laws, is repealed. History: 1994, Act 160, Imd. Eff. June 13, 1994