Michigan § 445.957 Prohibited requirements.

Michigan Statutes

§ 445.957 — Prohibited requirements.

Michigan § 445.957

Ch. 445TRADE AND COMMERCE

Act 424 of 1984RENTAL-PURCHASE AGREEMENT ACT (445.951-445.970)

This text of Michigan § 445.957 (Prohibited requirements.) 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 § 445.957 (2026).

Text

RENTAL-PURCHASE AGREEMENT ACT (EXCERPT) Act 424 of 1984 445.957 Prohibited requirements. Sec. 7. A lessor shall not require any of the following:

(a)The purchase of insurance by the lessee from the lessor of a leased item.

(b)A payment that is in excess or in addition to a normal periodic payment and that is required in order to purchase a leased item at the conclusion of the periodic payments necessary to acquire ownership.

(c)A penalty for early termination of a rental-purchase agreement or for the return of an item at any point.

(d)A processing fee of any sort.

(e)A fee for in-home collection of a payment unless the lessee has expressly agreed to the fee and the amount of the fee is disclosed.

(f)A periodic payment or late fee for a rental period beginning after the lessee has ret

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RENTAL-PURCHASE AGREEMENT ACT (EXCERPT) Act 424 of 1984 445.957 Prohibited requirements. Sec. 7. A lessor shall not require any of the following: (a) The purchase of insurance by the lessee from the lessor of a leased item. (b) A payment that is in excess or in addition to a normal periodic payment and that is required in order to purchase a leased item at the conclusion of the periodic payments necessary to acquire ownership. (c) A penalty for early termination of a rental-purchase agreement or for the return of an item at any point. (d) A processing fee of any sort. (e) A fee for in-home collection of a payment unless the lessee has expressly agreed to the fee and the amount of the fee is disclosed. (f) A periodic payment or late fee for a rental period beginning after the lessee has returned or surrendered the leased property to the lessor or the lessor's agent. (g) Any charge or fee for reinstatement of the rental-purchase agreement in addition to or in excess of those expressly permitted in section 8.