Michigan § 445.1604 Advantageous loan terms.

Michigan Statutes

§ 445.1604 — Advantageous loan terms.

Michigan § 445.1604

Ch. 445TRADE AND COMMERCE

Act 135 of 1977MORTGAGE LENDING PRACTICES (445.1601-445.1614)

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Bluebook

Mich. Comp. Laws § 445.1604 (2026).

Text

MORTGAGE LENDING PRACTICES (EXCERPT) Act 135 of 1977 445.1604 Advantageous loan terms. Sec.

4.This act shall not be construed to prohibit the United States, this state, a local governmental entity, an agency or instrumentality of any of the preceding entities, a nonprofit organization, or a credit granting institution acting with the permission of the commissioner, from offering more advantageous loan terms to a person, corporation, partnership, or other entity, or from making advantageous terms available on the basis of location in a specific geographic area when made available under the auspices of an organized housing program operated by the United States, this state, a local governmental entity, an agency or instrumentality of any of the preceding entities, a nonprofit corporation, or

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MORTGAGE LENDING PRACTICES (EXCERPT) Act 135 of 1977 445.1604 Advantageous loan terms. Sec. 4. This act shall not be construed to prohibit the United States, this state, a local governmental entity, an agency or instrumentality of any of the preceding entities, a nonprofit organization, or a credit granting institution acting with the permission of the commissioner, from offering more advantageous loan terms to a person, corporation, partnership, or other entity, or from making advantageous terms available on the basis of location in a specific geographic area when made available under the auspices of an organized housing program operated by the United States, this state, a local governmental entity, an agency or instrumentality of any of the preceding entities, a nonprofit corporation, or a credit granting institution.