Sec. 302.
A contractor shall not induce or permit a buyer to split up or divide any transaction that otherwise would be a home improvement installment sale or home improvement charge sale for the purpose of qualifying for any exclusion under section 102(j), (l), or (m).
History: 1965, Act 332, Eff. Jan. 1, 1966 ;-- Am. 1985, Act 202, Imd. Eff. Dec. 27, 1985
Structure Michigan Compiled Laws
Chapter 445 - Trade and Commerce
Act 332 of 1965 - Home Improvement Finance Act (445.1101 - 445.1431)
332-1965-3 - Part 3 (445.1301...445.1309)
Section 445.1301 - Finance Charges.
Section 445.1302 - Division of Transaction Prohibited.
Section 445.1303 - Payment of Contract in Full Before Maturity; Refund Credit.
Section 445.1304 - Scheduled Payments; Extension of Due Date; Deferral Charge.
Section 445.1306 - Add-on Sales; Optional Contract Provisions; Finance Charges, Insurance.
Section 445.1307 - Finance Charge; Computation, Maximum Sale.
Section 445.1308 - Subsequent Sale; Memorandum, Contents.
Section 445.1309 - Optional Method of Computing Finance Charge.