AN ACT to require disclosure of certain information in connection with refund anticipation loans; and to prescribe penalties.
History: 2009, Act 66, Imd. Eff. July 9, 2009
Section 446.111 Short Title.
This act shall be known and may be cited as the "refund anticipation loan disclosure act". History: 2009, Act 66, Imd. Eff. July 9,
Section 446.113 Definitions.
As used in this act: (a) "Annual percentage rate" means the rate as computed under the federal truth in lending act, 15 USC 1601...
Section 446.119 Violation As Misdemeanor; Penalty.
A person, including, but not limited to, a facilitator or a member, officer, director, agent, or employee of a facilitator, that violates or participates...
Section 446.121 Preemption.
A political subdivision of this state shall not adopt any rule, regulation, code, or ordinance to restrict or limit any requirements under this act...