Michigan § 445.871a Compliance with federal truth-in-lending act; violation as unintentional and bona fide error; burden of proof.

Michigan Statutes

§ 445.871a — Compliance with federal truth-in-lending act; violation as unintentional and bona fide error; burden of proof.

Michigan § 445.871a

Ch. 445TRADE AND COMMERCE

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

This text of Michigan § 445.871a (Compliance with federal truth-in-lending act; violation as unintentional and bona fide error; burden of proof.) 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 § 445.871a (2026).

Text

RETAIL INSTALLMENT SALES ACT (EXCERPT) Act 224 of 1966 445.871a Compliance with federal truth-in-lending act; violation as unintentional and bona fide error; burden of proof. Sec. 21a. A retail seller is not liable for a violation of this act if the retail seller has fully complied with the federal truth-in-lending act, Public Law 90-321, 15 U.S.C. 1601 to 1607e and shows that the violation was an unintentional and bona fide error notwithstanding the maintenance of procedures reasonably adopted to avoid the error. Examples of a bona fide error include clerical, calculation, computer malfunction, programming, or printing errors. An error in legal judgment with respect to a person's obligations under this act is not a bona fide error. A violation of this act resulting from a bona fide error 

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RETAIL INSTALLMENT SALES ACT (EXCERPT) Act 224 of 1966 445.871a Compliance with federal truth-in-lending act; violation as unintentional and bona fide error; burden of proof. Sec. 21a. A retail seller is not liable for a violation of this act if the retail seller has fully complied with the federal truth-in-lending act, Public Law 90-321, 15 U.S.C. 1601 to 1607e and shows that the violation was an unintentional and bona fide error notwithstanding the maintenance of procedures reasonably adopted to avoid the error. Examples of a bona fide error include clerical, calculation, computer malfunction, programming, or printing errors. An error in legal judgment with respect to a person's obligations under this act is not a bona fide error. A violation of this act resulting from a bona fide error may be corrected in the same manner as provided for in section 130(b) of the truth-in-lending act, 15 U.S.C. 1640(b). The burden of proving that a violation was an unintentional and bona fide error is on the retail seller.