445.1201 Home improvement installment contract; date, form. Sec. 201. A home improvement installment contract shall be dated and in writing and the printed portion thereof shall be in at least 8-point type. History: 1965, Act 332, Eff. Jan. 1, 1966
445.1202 Home improvement installment contract; contents required. Sec. 202. A home improvement installment contract shall contain: (a) The entire agreement of the parties with respect to the goods and services. (b) Either at the top of the contract or directly above the space reserved for the signature of the buyer, the words “home improvement installment […]
445.1203 Home improvement installment contract; additional required contents. Sec. 203. Except as provided in sections 306, 307 and 308, a home improvement installment contract shall contain the following: (a) The name and place of business of the contractor, the name and address of the buyer as specified by the buyer, the location of the premises […]
445.1204 Home improvement installment contract; delivery of copy to buyer; acknowledgment, form. Sec. 204. The contractor shall deliver to the buyer at the time the contract is executed a copy thereof completed in accordance with the provisions of this act. Until the contractor does so, the buyer shall not be obligated to pay. Any acknowledgment […]
445.1204a Home improvement charge agreement generally. Sec. 204a. (1) On or after the effective date of this section, a contractor may enter into a home improvement charge agreement with a retail buyer. A home improvement charge agreement shall be in writing and dated, and shall be signed by the buyer or the authorized representative of […]
445.1204b Home improvement charge agreement; time price differential; lien on buyer’s principal residence prohibited; attorney’s fee. Sec. 204b. (1) A home improvement charge agreement may provide for, and the contractor or holder may then charge, collect, and receive, a time price differential for the privilege of paying in installments under the agreement, in an amount […]
445.1205 Home improvement installment contract; statement as to insurance. Sec. 205. If the premium paid for group credit life or other insurance is included in the home improvement installment contract and a separate charge is made to the buyer for such insurance, the contract shall state whether the insurance is to be procured by the […]
445.1206 Home improvement installment contract and home improvement charge agreement; prohibited provisions. Sec. 206. (1) A home improvement installment contract or home improvement charge agreement shall not contain any provision by which: (a) The buyer agrees not to assert against a contractor a claim or defense arising out of the home improvement installment sale or […]
445.1207 Evidence of obligation; holder subject to claims and defenses of buyer; limitation on buyer’s recovery. Sec. 207. Notwithstanding the provisions of any other law and notwithstanding any agreement to the contrary: (a) A person shall not take a negotiable instrument, other than a currently dated check or draft, as evidence of the obligation of […]
445.1208 Repealed. 1972, Act 193, Eff. Jan. 1, 1973. Compiler’s Notes: The repealed section pertained to assignments of home improvement installment contracts.
445.1209 Home improvement installment contract; provisions as to delinquency and collection charges, court costs and attorney fees. Sec. 209. A home improvement installment contract may provide for the payment by the buyer of a delinquency and collection charge on each installment in default for a period of not less than 10 days in an amount […]
