Sec. 3.
Act No. 156 of the Public Acts of 1891, as amended, being sections 438.51 to 438.53 of the Compiled Laws of 1948, is repealed.
History: 1966, Act 326, Eff. Mar. 10, 1967 Popular Name: Usury Act
Structure Michigan Compiled Laws
Chapter 438 - Money and Interest
Act 326 of 1966 - Interest Rates (438.31 - 438.33)
Section 438.31 - Legal Interest Rate; Scope; Limitation; Construction; Foreign Obligations.
Section 438.31a - Payment of Reasonable and Necessary Charges in Addition to Interest; Exceptions.
Section 438.31b - Loan Settlement Statement.
Section 438.31d - Waiver of Defense of Usury by Nonprofit Corporation.
Section 438.32 - Violation of Act; Attorney Fees and Court Costs, Recovery.
Section 438.33 - Repeal.