Michigan Compiled Laws
Act 244 of 2005 - Deferred Presentment Service Transactions Act (487.2121 - 487.2173)
Article 3 - (487.2151...487.2160)

Section 487.2151 - Notice; Posting; Form. - Sec. 31. (1) A licensee shall post prominently in an...

Section 487.2152 - Written Deferred Presentment Service Agreement; Signatures; Provisions; Arbitration. - Sec. 32. (1) A licensee shall document a deferred presentment...

Section 487.2153 - Transaction; Limitation on Amount; Service Fee; Conditions Prohibiting Entering Transaction; Duties of Licensee; Prohibited Conduct; Sign. - Sec. 33. (1) A licensee may enter into 1 deferred...

Section 487.2154 - Customer Eligibility; Verification; Use of Database; Fee; Submission of Information to Database; Closure of Transaction. - Sec. 34. (1) A licensee shall verify a customer's eligibility...

Section 487.2155 - Renewal or Extension of Agreement; Repayment Option; Conditions; Terms; Notice; Satisfaction of Drawer's Obligation; Deposit of Check Held in Connection With Transaction; Return of Check; Payment by Debit Card; "Telephone-Initiated... - Sec. 35. (1) A licensee shall not renew a deferred...

Section 487.2156 - Violation of Act. - Sec. 36. (1) No later than the close of business...

Section 487.2157 - Rescission of Agreement; Redemption of Check by Drawer. - Sec. 37. (1) A drawer may rescind a deferred presentment...

Section 487.2158 - Endorsement of Check; Returned Check Charge; Liability for Dishonored Check. - Sec. 38. (1) A licensee shall endorse a check given...

Section 487.2159 - Agreements; Maintenance; Availability for Examination; Rejected Applications. - Sec. 39. (1) A licensee shall maintain each deferred presentment...

Section 487.2160 - Prohibited Conduct. - Sec. 40. A licensee shall not do any of the...