Sec. 407.
A cash loan shall not directly or indirectly be included in or combined or consolidated with any home improvement installment contract, home improvement charge sale, or home improvement charge agreement, or with any extension, deferment, refinancing, add-on, or consolidation agreement pertaining thereto.
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)
332-1965-4 - Part 4 (445.1401...445.1431)
Section 445.1401 - Notice of Assignment of Contract or Agreement.
Section 445.1402 - Statement of Payments; Furnished by Holder, Fee.
Section 445.1403 - Payment in Full; Acknowledgment, Release of Collateral.
Section 445.1405 - Criminal Violation of Act by Personnel Deemed Violation by Contractor; Exception.
Section 445.1406 - Unauthorized Charges.
Section 445.1407 - Cash Loans.
Section 445.1410 - Effect of Act as to Prior Contracts.
Section 445.1421 - Violation of Act; Misdemeanor, Penalty.
Section 445.1422 - Violation of Act; Injunction; Violation of Injunction, Civil Penalty.