Section 445.1409 – Waiver.
445.1409 Waiver. Sec. 409. No act, agreement, or statement of a buyer under a home improvement installment contract or home improvement charge agreement constitutes a valid waiver of any provision of this act intended for the benefit or protection of the buyer. History: 1965, Act 332, Eff. Jan. 1, 1966 ;– Am. 1985, Act 202, […]
Section 445.1410 – Effect of Act as to Prior Contracts.
445.1410 Effect of act as to prior contracts. Sec. 410. This act does not apply to or affect the validity of a home improvement installment contract otherwise within the purview of this act, which is made prior to the effective date of the respective provisions of this act governing such contracts. History: 1965, Act 332, […]
Section 445.1421 – Violation of Act; Misdemeanor, Penalty.
445.1421 Violation of act; misdemeanor, penalty. Sec. 421. Any person who wilfully violates any provision of this act or directs or consents to such violation, is guilty of a misdemeanor and, upon conviction thereof, may be punished by imprisonment in the county jail for a period not to exceed 90 days and may be fined […]
Section 445.1422 – Violation of Act; Injunction; Violation of Injunction, Civil Penalty.
445.1422 Violation of act; injunction; violation of injunction, civil penalty. Sec. 422. (1) The attorney general or the prosecuting attorney of any county may bring an action in the name of the state to restrain or prevent any violation of this act or any continuance of any such violation. Such action, in the case of […]
Section 445.1431 – Effective Date of Act.
445.1431 Effective date of act. Sec. 431. This act shall take effect January 1, 1966. History: 1965, Act 332, Eff. Jan. 1, 1966
Section 445.1405 – Criminal Violation of Act by Personnel Deemed Violation by Contractor; Exception.
445.1405 Criminal violation of act by personnel deemed violation by contractor; exception. Sec. 405. A criminal violation of any of the provisions of this act by a director, manager, partner, officer, salesman, agent or employee of a contractor or financing agency is deemed a criminal violation by such contractor or financing agency, unless it shall […]
Section 445.1406 – Unauthorized Charges.
445.1406 Unauthorized charges. Sec. 406. A person shall not charge, collect, or receive from a buyer, directly or indirectly, any further or other amount for costs, credit investigation charges, insurance premiums, examination, appraisal, service, brokerage, commission, interest, discount, expense, fee, fine, penalty, or other thing of value in connection with a home improvement installment contract, […]
Section 445.1407 – Cash Loans.
445.1407 Cash loans. Sec. 407. A cash loan shall not directly or indirectly be included in or combined or consolidated with any home improvement installment contract, home improvement charge sale, or home improvement charge agreement, or with any extension, deferment, refinancing, add-on, or consolidation agreement pertaining thereto. History: 1965, Act 332, Eff. Jan. 1, 1966 […]
Section 445.1307 – Finance Charge; Computation, Maximum Sale.
445.1307 Finance charge; computation, maximum sale. Sec. 307. Subject to the provisions of section 301, the finance charge to be included in a consolidated time balance shall be determined by applying a finance charge at a rate not exceeding the maximum rate specified in that section to either: (a) The total of the principal amount […]
Section 445.1308 – Subsequent Sale; Memorandum, Contents.
445.1308 Subsequent sale; memorandum, contents. Sec. 308. When a subsequent home improvement installment sale is made, the contractor shall deliver to the buyer, at the time the contract is executed, a memorandum which shall set forth the following with respect to the subsequent sale: (a) The name and place of business of the contractor, the […]