Michigan Compiled Laws § 487.14201 Loans And Credit Extensions; Interest And Charges.

487.14201 Loans and credit extensions; interest and charges.

Sec. 4201.

(1) A bank may collect interest and charges on loans and extensions of credit as permitted by the laws of this state or of the United States to any person.

(2) A bank may charge a discount on obligations purchased by the bank.

History: 1999, Act 276, Eff. Mar. 1, 2000

Section: 487.14201  487.14202  487.14203  487.14204  487.14205    Next

Last modified: October 10, 2016