MCL - Index of Chapter 438
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| Chapter 438 | MONEY AND INTEREST |
| R.S. of 1846 | Revised Statutes of 1846 (438.1 - 438.7) |
| R-S-1846-438-1-34 | CHAPTER 34 Chapter 34. Of Money Of Account, And Of The Interest Of Money, And On Judgments, Verdicts, Etc. (438.1...438.7) |
| Section 438.1 | Money of account. |
| Section 438.2 | Reduction of monetary units to standard units. |
| R-S-1846-438-1-34-INTEREST-OF-MONEY. | INTEREST OF MONEY. (438.5...438.5) |
| Section 438.5 | Holder in due course; recovery. |
| R-S-1846-438-1-34-INTEREST-ON-JUDGMENTS-VERDICTS-ETC. | INTEREST ON JUDGMENTS, VERDICTS, ETC. (438.7...438.7) |
| Section 438.7 | Interest on verdicts. |
| Act 326 of 1966 | INTEREST RATES (438.31 - 438.33) |
| Section 438.31 | Legal interest rate; scope; limitation; construction; foreign obligations. |
| Section 438.31a | Payment of reasonable and necessary charges in addition to interest; exceptions. |
| Section 438.31b | Loan settlement statement. |
| Section 438.31c | Interest charged by securities broker or dealer for carrying debit balance in customer account; written agreement for payment of interest on evidence of indebtedness; prohibitions when security is single-family dwelling unit; validity of transaction or rate of interest; limitation on rate of interest; loans to which subsection (2) applicable; mortgage loans or land contracts by lenders or vendors not qualified under subsection (5); rate of interest on purchase money mortgage or second mortgage; interest on extension of credit secured by lien on mobile home; interest not to be added or deducted in advance; computation of interest; injunction; agreement by certain parties for payment of interest; interest charged by certain trusts excepted; interest bearing deposit account; limitation; maintaining interest bearing account as condition of making mortgage loan or land contract providing for biweekly payments. |
| Section 438.31d | Waiver of defense of usury by nonprofit corporation. |
| Section 438.32 | Violation of act; attorney fees and court costs, recovery. |
| Section 438.33 | Repeal. |
| Act 259 of 1968 | CRIMINAL USURY (438.41 - 438.42) |
| Section 438.41 | Criminal usury; definition; penalty. |
| Section 438.42 | Usurious loan records; possession, penalty. |
| Act 156 of 1891 | Repealed-INTEREST RATES (438.51 - 438.53) |
| Act 52 of 1970 | EXEMPTION OF LOANS TO BUSINESS ENTITIES FROM USURY STATUTE (438.61 - 438.61) |
| Section 438.61 | “Business entity” and “related entity” defined; extension of credit to business entity; agreement in writing to rate of interest. |
| Act 11 of 1869 | INTEREST ON DUE AND UNPAID INTEREST (438.101 - 438.101) |
| Section 438.101 | Interest on due and unpaid interest; rate. |
| Act 140 of 1861 | INTEREST ON CONTRACTS BETWEEN CITIZENS OF MICHIGAN AND OTHER STATES (438.151 - 438.154) |
| Section 438.151 | Interest rate; obligations payable out of state. |
| Section 438.152 | Interest valid in this state; defense of usury not available. |
| Section 438.153 | Interest valid in this state; lawful to take, reserve, or discount. |
| Section 438.154 | Contract made in state or with citizen of state; principal and interest payable out of state; governing law. |