Michigan Compiled Laws § 445.860 Retail Installment Contracts; Statement Of Dates, Payments And Unpaid Balances; Receipt.


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: Previous  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  Next

Last modified: October 10, 2016