Michigan Compiled Laws
Act 424 of 1984 - Rental-Purchase Agreement Act (445.951 - 445.970)
Section 445.957 - Prohibited Requirements.

Sec. 7.
A lessor shall not require any of the following:
(a) The purchase of insurance by the lessee from the lessor of a leased item.
(b) A payment that is in excess or in addition to a normal periodic payment and that is required in order to purchase a leased item at the conclusion of the periodic payments necessary to acquire ownership.
(c) A penalty for early termination of a rental-purchase agreement or for the return of an item at any point.
(d) A processing fee of any sort.
(e) A fee for in-home collection of a payment unless the lessee has expressly agreed to the fee and the amount of the fee is disclosed.
(f) A periodic payment or late fee for a rental period beginning after the lessee has returned or surrendered the leased property to the lessor or the lessor's agent.
(g) Any charge or fee for reinstatement of the rental-purchase agreement in addition to or in excess of those expressly permitted in section 8.
History: 1984, Act 424, Eff. Mar. 29, 1985 ;-- Am. 2012, Act 584, Imd. Eff. Jan. 3, 2013

Structure Michigan Compiled Laws

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 445.953 - Rental-Purchase Agreement; Form; Contents; Information Requirements; Separate Form; Disclosure of Additional Information.

Section 445.954 - Amount Necessary to Acquire Ownership; Amount Applied Toward Purchase Price.

Section 445.955 - Advertising Requirements; Requirements as to Items Displayed or Offered Under Rental-Purchase Agreement.

Section 445.956 - Prohibited Provisions in Rental-Purchase Agreement.

Section 445.957 - Prohibited Requirements.

Section 445.958 - Failure to Make Timely Periodic Payment; Rights of Lessee; Reinstatement; Late or Delivery Fee; Same or Substitute Item Provided on Reinstatement.

Section 445.959 - Temporary or Permanent Injunction; Venue; Costs; Civil Penalty; Notice of Intended Action; Opportunity to Cease and Desist or to Confer With Attorney General; Notice of Alleged Violation; Civil Penalty for Knowing Violation.

Section 445.960 - Assurance of Discontinuance.

Section 445.961 - Subpoena; Service and Contents of Notice; Extension of Reporting Date; Modification or Setting Aside of Notice and Subpoena; Confidentiality; Disclosures; Disclosure as Misdemeanor; Penalty.

Section 445.962 - Compliance With Terms of Notice; Prohibited Conduct; Civil Penalty; Petition for Order to Enforce Compliance; Violation of Final Order as Civil Contempt; Enjoining Person From Doing Business in State.

Section 445.963 - Class Action for Actual Damages; Order; Appointment of Receiver; Sequestration of Assets; Cost of Notice; Effect of Bona Fide Error; Limitations.

Section 445.964 - Action for Declaratory Judgment or Injunction; Action for Actual Damages and Attorneys' Fees; Class Action for Actual Damages; Order; Appointment of Receiver; Sequestration of Assets; Cost of Notice to Class; Effect of Bona Fide Eff...

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 445.969 - Other Causes of Action Not Affected; Inconsistent Ordinance or Regulation Prohibited.

Section 445.970 - Example of Form Satisfying Requirements of Act.