Michigan § 445.860 Retail installment contracts; statement of dates, payments and unpaid balances; receipt.

Michigan Statutes

§ 445.860 — Retail installment contracts; statement of dates, payments and unpaid balances; receipt.

Michigan § 445.860

Ch. 445TRADE AND COMMERCE

Act 224 of 1966RETAIL INSTALLMENT SALES ACT (445.851-445.873)

This text of Michigan § 445.860 (Retail installment contracts; statement of dates, payments and unpaid balances; receipt.) 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 § 445.860 (2026).

Text

RETAIL INSTALLMENT SALES ACT (EXCERPT) Act 224 of 1966 445.860 Retail installment contracts; statement of dates, payments and unpaid balances; receipt. Sec.

10.Upon written request of the buyer, the holder of a retail installment contract shall give or forward to the buyer a written statement of the dates and amounts of payments and the total amount unpaid under the contract. A buyer shall be given a written receipt for any payment when made in cash. The statement or receipt shall be given the buyer once without charge; if any additional statement is requested by the buyer, it shall be supplied by the holder at a charge not in excess of $1.00 for each additional statement or receipt so supplied.

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RETAIL INSTALLMENT SALES ACT (EXCERPT) Act 224 of 1966 445.860 Retail installment contracts; statement of dates, payments and unpaid balances; receipt. Sec. 10. Upon written request of the buyer, the holder of a retail installment contract shall give or forward to the buyer a written statement of the dates and amounts of payments and the total amount unpaid under the contract. A buyer shall be given a written receipt for any payment when made in cash. The statement or receipt shall be given the buyer once without charge; if any additional statement is requested by the buyer, it shall be supplied by the holder at a charge not in excess of $1.00 for each additional statement or receipt so supplied.