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Michigan Legislature
Michigan Compiled Laws Complete Through PA 123 of 2019
House: Adjourned until Tuesday, December 10, 2019 1:30:00 PM
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Act 660 of 2002
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Act 660 of 2002

AN ACT to prohibit certain lending practices; to require disclosure of certain information for home loans; to prescribe certain duties and obligations of the lender in a home loan transaction; to prescribe the powers and duties of certain state agencies and officials; and to prescribe penalties and provide for remedies.

History: 2002, Act 660, Imd. Eff. Dec. 23, 2002

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 445.1631SectionShort title.
Section 445.1632SectionDefinitions.
Section 445.1633SectionCompliance with state and federal laws.
Section 445.1634SectionPerson making mortgage loan; prohibited conduct.
Section 445.1635SectionMortgage loan with term less than 5 years; payment schedule.
Section 445.1636SectionFederal special information booklet; document to be prepared by department.
Section 445.1637SectionRepealed. 2016, Act 44, Eff. June 13, 2016.
Section 445.1638SectionExaminations and investigations by commissioner.
Section 445.1639SectionViolation of act.
Section 445.1640SectionAction by attorney general or prosecuting attorney.
Section 445.1641SectionUnintentional and bona fide error.
Section 445.1642SectionEnforcement not limited.
Section 445.1643SectionModel programs for financial education.
Section 445.1644SectionMunicipal actions; statutory conflict; preemption; severability.
Section 445.1645SectionStandards; uniformity; preemption.
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