Michigan Compiled Laws Act 211 Of 1989 Reporting Adverse Information About Cosigner (445.271 - 445.273)
AN ACT to require notice to cosigners; to impose duties on persons who report adverse information regarding an indebtedness; to provide remedies; and to impose penalties.
History: 1989, Act 211, Eff. Mar. 29, 1990
Section 445.271 Definitions.
As used in this act: (a) “Adverse information” means information indicating that the cosigner has not complied with the contractual provisions of an obligation....