Michigan Compiled Laws § 446.117 Information To Be Disclosed Before Entering Agreement.

446.117 Information to be disclosed before entering agreement.

Sec. 7.

Before entering into a refund anticipation loan agreement, the facilitator shall clearly disclose both of the following to the taxpayer:

(a) The estimated total fees for the refund anticipation loan.

(b) The estimated annual percentage rate for the refund anticipation loan.

History: 2009, Act 66, Imd. Eff. July 9, 2009

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Last modified: October 10, 2016