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Statutes > Michigan Statutes > Chapter 445 - TRADE AND COMMERCE > Act 135 of 1977 - MORTGAGE LENDING PRACTICES (445.1601 - 445.1614)

Act 135 of 1977 - MORTGAGE LENDING PRACTICES (445.1601 - 445.1614)

  • Section 445.1601 - Definitions.
  • Section 445.1602 - Denying loan application or varying terms or conditions of loan contract; uniform application of policy or criteria; basis for consideration of loan application; minimum mortgage am
  • Section 445.1602a - Property/casualty insurance as condition to loan; limitation on amount required; amount as condition of sale, transfer, or assignment.
  • Section 445.1603 - Lending policies and criteria; loan application procedures and contract terms.
  • Section 445.1604 - Advantageous loan terms.
  • Section 445.1605 - Notice to loan inquirers or applicants; posting; contents.
  • Section 445.1606 - Repealed. 2002, Act 692, Eff. Mar. 31, 2003.
  • Section 445.1607 - Retention of records and documents.
  • Section 445.1608 - Violation; investigation; progress report; hearing; report; availability of information.
  • Section 445.1609 - Voluntary mortgage review boards; mandatory mortgage review boards.
  • Section 445.1610 - Rules.
  • Section 445.1611 - Injunction; damages; commissioner as party plaintiff; class actions prohibited.
  • Section 445.1612 - Violation; fine; costs of investigation; proceedings.
  • Section 445.1613 - Commencement of action; limitation.
  • Section 445.1614 - Effective date.




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