Retail Installment Contracts; Statement of Dates, Payments and Unpaid Balances; Receipt - Mich. Comp. Laws Section 445.860
Legal Research Home >
Michigan Laws > Trade And Commerce > Retail Installment Contracts; Statement of Dates, Payments and Unpaid Balances; Receipt - Mich. Comp. Laws Section 445.860
445.860 Retail installment contracts; statement of dates, payments and unpaid balances; receipt.
Sec. 10.
Upon written request of the buyer, the holder of a retail installment contract shall give or forward to the buyer a written statement of the dates and amounts of payments and the total amount unpaid under the contract. A buyer shall be given a written receipt for any payment when made in cash. The statement or receipt shall be given the buyer once without charge; if any additional statement is requested by the buyer, it shall be supplied by the holder at a charge not in excess of $1.00 for each additional statement or receipt so supplied.
History: 1966, Act 224, Eff. Mar. 10, 1967
Section: 445.853 445.854 445.855 445.856 445.857 445.858 445.859 445.860 445.861 445.862 445.862a 445.863 445.864 445.865 445.865a
Last modified: March 17, 2013
|
