Main Content Act 167 of 1976 friendly link Printer Friendly bills affecting index and updates Search within this Statute for DISCLOSURES AS TO LOANS FOR EDUCATIONAL PURPOSESAct 167 of 1976AN ACT to require certain lenders make certain disclosures in the making and collection of certain loans for educational purposes. History: 1976, Act 167, Imd. Eff. June 25, 1976 © 2017 Legislative Council, State of MichiganThe People of the State of Michigan enact: DocumentTypeDescription Section 390.1221SectionDefinitions. Section 390.1222SectionDelivery of written statement to borrower; time; contents. Section 390.1223SectionDisclosure of restrictive policies or practices. Section 390.1224SectionNotice to obligor of items required to be disclosed.