445.868 Violation of act; effect as to recovery rights of seller. Sec. 18. Any seller who enters into any contract or agreement which does not comply with the provisions of this act or who violates any provision of this act except as a result of accidental or bona fide error is barred from the recovery […]
445.869 Violation of act; actions; penalties. Sec. 19. (1) The attorney general, the prosecuting attorney for the county where an alleged violation occurred, or a borrower may bring an action against a retail seller to do 1 or more of the following: (a) Obtain a declaratory judgment that a method, act, or practice of a […]
445.870 Violation of act; assurance of discontinuance; acceptance by attorney general, approval of circuit court. Sec. 20. The attorney general, or with his consent a prosecuting attorney, may accept an assurance of discontinuance of any act or practice deemed in violation of this act from any person engaging in, or who has engaged in, such […]
445.871 Violation of order of circuit court; civil penalty. Sec. 21. Any person who violates any order of a circuit court issued pursuant to this act shall forfeit and pay a civil penalty of not more than $1,000.00. For the purpose of this section, the court issuing any order shall retain jurisdiction for a period […]
445.871a Compliance with federal truth-in-lending act; violation as unintentional and bona fide error; burden of proof. Sec. 21a. A retail seller is not liable for a violation of this act if the retail seller has fully complied with the federal truth-in-lending act, Public Law 90-321, 15 U.S.C. 1601 to 1607e and shows that the violation […]
445.872 Effect of act as to prior contracts. Sec. 22. The provisions of this act shall not invalidate or make unlawful or unenforceable, retail installment contracts or retail charge agreements executed prior to the effective date of this act, or liabilities at any time incurred thereunder. History: 1966, Act 224, Eff. Mar. 10, 1967
445.873 Time price differential consisting of interest on amount of unpaid principal balance of contract; modifications. Sec. 23. Instead of a time price differential computed on the original principal balance, the seller may charge from time to time a time price differential consisting of interest on the amount of the unpaid principal balance of the […]
