M L  
95th Legislature Regular Session  
Michigan Compiled Laws Complete Through PA 242 of 2009  
House: Adjourned until Wednesday, February 10, 2010 1:30:00 PM  
Senate: Adjourned until Wednesday, February 10, 2010 10:00:00 AM  
HomeRegisterWhy Register?LoginNew!Help




Act 660 of 2002
Search within this Statute for


CONSUMER MORTGAGE PROTECTION ACT

Act 660 of 2002

AN ACT to prohibit certain lending practices; to require disclosure of certain information for home loans; to prescribe certain duties and obligations of the lender in a home loan transaction; to prescribe the powers and duties of certain state agencies and officials; and to prescribe penalties and provide for remedies.


History: 2002, Act 660, Imd. Eff. Dec. 23, 2002


© 2009 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
Section 445.1631SectionShort title.
Section 445.1632SectionDefinitions.
Section 445.1633SectionCompliance with state and federal laws.
Section 445.1634SectionPerson making mortgage loan; prohibited conduct.
Section 445.1635SectionMortgage loan with term less than 5 years; payment schedule.
Section 445.1636Section“Borrowers Bill of Rights” document.
Section 445.1637SectionCredit counseling; notice.
Section 445.1638SectionExaminations and investigations by commissioner.
Section 445.1639SectionViolation of act.
Section 445.1640SectionAction by attorney general or prosecuting attorney.
Section 445.1641SectionUnintentional and bona fide error.
Section 445.1642SectionEnforcement not limited.
Section 445.1643SectionModel programs for financial education.
Section 445.1644SectionMunicipal actions; statutory conflict; preemption; severability.
Section 445.1645SectionStandards; uniformity; preemption.

Acceptable Use Policy Privacy Policy Copyright Infringement Comment Form
The Michigan Legislature Website is a free service of the Legislative Internet Technology Team in cooperation with the Michigan Legislative Council, the Michigan House of Representatives, and the Michigan Senate.  The information obtained from this site is not intended to replace official versions of that information and is subject to revision. The Legislature presents this information, without warranties, express or implied, regarding the accuracy of the information, timeliness, or completeness. If you believe the information is inaccurate, out-of-date, or incomplete or if you have problems accessing or reading the information, please send your concerns to the appropriate agency using the online Comment Form in the bar above this text.

Questions about the law?  Contact the State Law Library between 1-5pm (M-F) - (517) 373-0630 or use the comment form to send them email.