Michigan Statutes
§ 446.137 — Rescission.
Michigan § 446.137
JurisdictionMichigan
Ch. 446BUSINESS REGULATION
Act 67 of 2009REFUND ANTICIPATION LOAN ACT (446.131-446.141)
This text of Michigan § 446.137 (Rescission.) 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 § 446.137 (2026).
Text
REFUND ANTICIPATION LOAN ACT (EXCERPT) Act 67 of 2009 446.137 Rescission. Sec.
7.A borrower who obtains a refund anticipation loan may rescind the refund anticipation loan, on or before the close of business on the business day following the day the loan is made, by returning the original check issued to the borrower for the loan or paying the amount of the refund anticipation loan by money order or certified check to the lender or the facilitator. A facilitator shall not charge the borrower a fee for rescinding a refund anticipation loan and shall return any fee charged for making a refund anticipation loan if the refund anticipation loan is rescinded under this subsection. However, a facilitator or lender is not required to return to a customer who rescinds a refund anticipation loan un
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Legislative History
2009, Act 67 , Imd. Eff. July 9, 2009
Nearby Sections
15
§ 446.111
Short title.§ 446.113
Definitions.§ 446.119
Violation as misdemeanor; penalty.§ 446.121
Preemption.§ 446.131
Short title.§ 446.133
Definitions of certain terms.§ 446.137
Rescission.§ 446.139
Violation as misdemeanor; penalty.§ 446.141
Preemption.§ 446.161
Short title.§ 446.163
Definitions.§ 446.165
Unlawful practice.Cite This Page — Counsel Stack
Bluebook (online)
Michigan § 446.137, Counsel Stack Legal Research, https://law.counselstack.com/statute/mi/446/446.137.