MCL - 244-2005-3

DEFERRED PRESENTMENT SERVICE TRANSACTIONS ACT (EXCERPT)
Act 244 of 2005
ARTICLE 3

Document Type Description
Section 487.2151 Section Notice; posting; form.
Section 487.2152 Section Written deferred presentment service agreement; signatures; provisions; arbitration.
Section 487.2153 Section Transaction; limitation on amount; service fee; conditions prohibiting entering transaction; duties of licensee; prohibited conduct; sign.
Section 487.2154 Section Customer eligibility; verification; use of database; fee; submission of information to database; closure of transaction.
Section 487.2155 Section Renewal or extension of agreement; repayment option; conditions; terms; notice; satisfaction of drawer's obligation; deposit of check held in connection with transaction; return of check; payment by debit card; "telephone-initiated entry" defined..
Section 487.2156 Section Violation of act.
Section 487.2157 Section Rescission of agreement; redemption of check by drawer.
Section 487.2158 Section Endorsement of check; returned check charge; liability for dishonored check.
Section 487.2159 Section Agreements; maintenance; availability for examination; rejected applications.
Section 487.2160 Section Prohibited conduct.