Sec. 6.
A rental-purchase agreement shall not contain a provision requiring any of the following:
(a) A garnishment of wages or a power of attorney to confess a judgment.
(b) Authorization to the lessor or a person acting on the lessor's behalf to unlawfully enter upon the lessee's premises or to commit any breach of the peace in the repossession of goods.
(c) The lessee to waive any defense, counterclaim, or right of action against the lessor or a person acting on the lessor's behalf, as the lessee's agent in collection of payments under the lease or in the repossession of goods.
(d) The lessee to agree not to assert against the lessor or against an assignee a claim or defense arising out of the lease.
(e) A requirement for any collection or repossession charges in excess of those allowable under section 7(e) and applicable court rules.
History: 1984, Act 424, Eff. Mar. 29, 1985
Structure Michigan Compiled Laws
Chapter 445 - Trade and Commerce
Act 424 of 1984 - Rental-Purchase Agreement Act (445.951 - 445.970)
Section 445.951 - Short Title.
Section 445.952 - Definitions.
Section 445.954 - Amount Necessary to Acquire Ownership; Amount Applied Toward Purchase Price.
Section 445.956 - Prohibited Provisions in Rental-Purchase Agreement.
Section 445.957 - Prohibited Requirements.
Section 445.960 - Assurance of Discontinuance.
Section 445.965 - Mailing Copy of Complaint, Judgment, Decree, or Order to Attorney General.
Section 445.966 - Payment of Filing Fees.
Section 445.967 - Aid and Assistance of Law Enforcement Officer.
Section 445.968 - Investigation and Prosecution by Prosecuting Attorney.
Section 445.970 - Example of Form Satisfying Requirements of Act.