Michigan Compiled Laws Act 259 Of 1968 Criminal Usury (438.41 - 438.42)

AN ACT to define and regulate the practice of criminal usury and to provide a penalty.

History: 1968, Act 259, Eff. Nov. 15, 1968

Section 438.41 Criminal Usury; Definition; Penalty.
A person is guilty of criminal usury when, not being authorized or permitted by law to do so, he knowingly charges, takes or receives...
Section 438.42 Usurious Loan Records; Possession, Penalty.
A person is guilty of possession of usurious loan records when, with knowledge of the contents thereof, he possesses any writing, paper, instrument or...

Last modified: October 10, 2016