Sec. 205.
If the premium paid for group credit life or other insurance is included in the home improvement installment contract and a separate charge is made to the buyer for such insurance, the contract shall state whether the insurance is to be procured by the buyer or the contractor.
History: 1965, Act 332, Eff. Jan. 1, 1966
Structure Michigan Compiled Laws
Chapter 445 - Trade and Commerce
Act 332 of 1965 - Home Improvement Finance Act (445.1101 - 445.1431)
332-1965-2 - Part 2 (445.1201...445.1209)
Section 445.1201 - Home Improvement Installment Contract; Date, Form.
Section 445.1202 - Home Improvement Installment Contract; Contents Required.
Section 445.1203 - Home Improvement Installment Contract; Additional Required Contents.
Section 445.1204a - Home Improvement Charge Agreement Generally.
Section 445.1205 - Home Improvement Installment Contract; Statement as to Insurance.
Section 445.1208 - Repealed. 1972, Act 193, Eff. Jan. 1, 1973.