MCL - 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
| Document | Type | Description |
|---|---|---|
| Section 445.1631 | Section | Short title. |
| Section 445.1632 | Section | Definitions. |
| Section 445.1633 | Section | Compliance with state and federal laws. |
| Section 445.1634 | Section | Person making mortgage loan; prohibited conduct. |
| Section 445.1635 | Section | Mortgage loan with term less than 5 years; payment schedule. |
| Section 445.1636 | Section | Federal special information booklet; document to be prepared by department. |
| Section 445.1637 | Section | Repealed. 2016, Act 44, Eff. June 13, 2016. |
| Section 445.1638 | Section | Examinations and investigations by commissioner. |
| Section 445.1639 | Section | Violation of act. |
| Section 445.1640 | Section | Action by attorney general or prosecuting attorney. |
| Section 445.1641 | Section | Unintentional and bona fide error. |
| Section 445.1642 | Section | Enforcement not limited. |
| Section 445.1643 | Section | Model programs for financial education. |
| Section 445.1644 | Section | Municipal actions; statutory conflict; preemption; severability. |
| Section 445.1645 | Section | Standards; uniformity; preemption. |