Sec. 4.
(1) Except as provided in this section, within 10 days after a home solicitation sale has been canceled or an offer to purchase revoked the seller shall tender to the buyer any payments made by the buyer and any note or other evidence of indebtedness.
(2) If the down payment includes goods traded in, the goods shall be tendered in substantially as good condition as when received by the seller. If the seller fails to tender the goods as provided by this section, the buyer may elect to recover an amount equal to the trade-in allowance stated in the agreement.
(3) Until the seller has complied with the obligations imposed by this section the buyer may retain possession of goods delivered to him by the seller and has a lien on the goods in his possession or control for any recovery to which he is entitled.
History: 1971, Act 227, Imd. Eff. Jan. 3, 1972
Structure Michigan Compiled Laws
Chapter 445 - Trade and Commerce
Act 227 of 1971 - Home Solicitation Sales (445.111 - 445.117)
Section 445.111 - Definitions.
Section 445.111c - Unfair or Deceptive Act or Practice; Violation; Penalty; Damages.
Section 445.111e - Applicability of MCL 445.111a, 445.111b, 445.111c, and 445.111d.
Section 445.116 - Refunds or Penalties as Set Off or Defense.
Section 445.117 - Action for Collection of Home Solicitation Sale Contract.