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Current as of January 01, 2025 | Updated by Findlaw Staff
Sec. 3. If a lender follows or adopts a policy or practice with respect to loans which restricts a repayment option or condition permitted to be made available on the loan, the lender shall disclose this in the manner prescribed in section 2(1) 1 and shall describe how the lender's policy or practice is more restrictive than that permitted.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 390. Universities and Colleges § 390.1223 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-390-universities-and-colleges/mi-comp-laws-390-1223/
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