Michigan Compiled Laws
Chapter 438 - Money and Interest

R.S. of 1846 - Revised Statutes of 1846 (438.1 - 438.7)

R-S-1846-438-1-34 - Chapter 34 Chapter 34. of Money of Account, and of the Interest of Money, and on Judgments, Verdicts, Etc. (438.1...438.7)

Section 438.1 - Money of Account. - Sec. 1. The money of account of this state, shall...

Section 438.2 - Reduction of Monetary Units to Standard Units. - Sec. 2. Nothing contained in the preceding section, shall vitiate...

R-S-1846-438-1-34-INTEREST-OF-MONEY. - Interest of Money. (438.5...438.5)

Section 438.5 - Holder in Due Course; Recovery. - Sec. 5. In any action brought on any bill of...

R-S-1846-438-1-34-INTEREST-ON-JUDGMENTS-VERDICTS-ETC. - Interest on Judgments, Verdicts, Etc. (438.7...438.7)

Section 438.7 - Interest on Verdicts. - In all actions founded on contracts express or implied, whenever...

Act 326 of 1966 - Interest Rates (438.31 - 438.33)

Section 438.31 - Legal Interest Rate; Scope; Limitation; Construction; Foreign Obligations. - Sec. 1. The interest of money shall be at the...

Section 438.31a - Payment of Reasonable and Necessary Charges in Addition to Interest; Exceptions. - Sec. 1a. A state or national bank, except as federal...

Section 438.31b - Loan Settlement Statement. - Sec. 1b. A state or national bank, insurance company, or...

Section 438.31c - Interest Charged by Securities Broker or Dealer for Carrying Debit Balance in Customer Account; Written Agreement for Payment of Interest on Evidence of Indebtedness; Prohibitions When Security Is Single-Family Dwelling Unit; Validi... - Sec. 1c. (1) Interest charged by a broker or dealer...

Section 438.31d - Waiver of Defense of Usury by Nonprofit Corporation. - Sec. 1d. Notwithstanding the provisions of section 78 of Act...

Section 438.32 - Violation of Act; Attorney Fees and Court Costs, Recovery. - Sec. 2. Any seller or lender or his assigns who...

Section 438.33 - Repeal. - Sec. 3. Act No. 156 of the Public Acts of...

Act 259 of 1968 - Criminal Usury (438.41 - 438.42)

Section 438.41 - Criminal Usury; Definition; Penalty. - Sec. 1. A person is guilty of criminal usury when,...

Section 438.42 - Usurious Loan Records; Possession, Penalty. - Sec. 2. A person is guilty of possession of usurious...

Act 52 of 1970 - Exemption of Loans to Business Entities From Usury Statute (438.61 - 438.61)

Section 438.61 - “Business Entity” and “Related Entity” Defined; Extension of Credit to Business Entity; Agreement in Writing to Rate of Interest. - Sec. 1. (1) As used in this act: (a) "Business...

Act 11 of 1869 - Interest on Due and Unpaid Interest (438.101 - 438.101)

Section 438.101 - Interest on Due and Unpaid Interest; Rate. - Sec. 1. That when any installment of interest upon any...

Act 140 of 1861 - Interest on Contracts Between Citizens of Michigan and Other States (438.151 - 438.154)

Section 438.151 - Interest Rate; Obligations Payable Out of State. - Sec. 1. That it shall be lawful for any person...

Section 438.152 - Interest Valid in This State; Defense of Usury Not Available. - Sec. 2. No plea of usury, nor defense founded upon...

Section 438.153 - Interest Valid in This State; Lawful to Take, Reserve, or Discount. - Sec. 3. It shall be lawful for all parties loaning...

Section 438.154 - Contract Made in State or With Citizen of State; Principal and Interest Payable Out of State; Governing Law. - Sec. 4. When any contract or loan shall be made...