Michigan § 390.1224 Notice to obligor of items required to be disclosed.

Michigan Statutes

§ 390.1224 — Notice to obligor of items required to be disclosed.

Michigan § 390.1224

Ch. 390UNIVERSITIES AND COLLEGES

Act 167 of 1976DISCLOSURES AS TO LOANS FOR EDUCATIONAL PURPOSES (390.1221-390.1224)

This text of Michigan § 390.1224 (Notice to obligor of items required to be disclosed.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 390.1224 (2026).

Text

DISCLOSURES AS TO LOANS FOR EDUCATIONAL PURPOSES (EXCERPT) Act 167 of 1976 390.1224 Notice to obligor of items required to be disclosed. Sec.

4.A lender shall send a notice detailing the items required to be disclosed by section 2(1) to an obligor on a loan who requests the information in good faith. Thirty days before a lender places a loan in default status, the lender shall send a written notice to the obligor's last known address detailing the items required to be disclosed by section 2(1) and informing the obligor of the lender's intention to place the loan in default status.

Free access — add to your briefcase to read the full text and ask questions with AI

DISCLOSURES AS TO LOANS FOR EDUCATIONAL PURPOSES (EXCERPT) Act 167 of 1976 390.1224 Notice to obligor of items required to be disclosed. Sec. 4. A lender shall send a notice detailing the items required to be disclosed by section 2(1) to an obligor on a loan who requests the information in good faith. Thirty days before a lender places a loan in default status, the lender shall send a written notice to the obligor's last known address detailing the items required to be disclosed by section 2(1) and informing the obligor of the lender's intention to place the loan in default status.