Home/Michigan/Statutes/Ch. 493: REGULATORY LOANS/Act 21 of 1939: REGULATORY LOAN ACT (493.1-493.26)/§ 493.14a
Michigan Statutes

§ 493.14a — Compliance with federal consumer credit protection act.

Michigan § 493.14a
JurisdictionMichigan
Ch. 493REGULATORY LOANS
Act 21 of 1939REGULATORY LOAN ACT (493.1-493.26)

This text of Michigan § 493.14a (Compliance with federal consumer credit protection act.) 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 § 493.14a (2026).

Text

REGULATORY LOAN ACT (EXCERPT) Act 21 of 1939 493.14a Compliance with federal consumer credit protection act. Sec. 14a. Compliance with the requirements of the consumer credit protection act, Public Law 90-321, 82 statute 146, commonly referred to as the federal truth in lending act is compliance with section 12 as to advertising, section 13a as to cost of insurance, and section 14.

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Legislative History

Add. 1971, Act 168, Eff. Mar. 30, 1972 ;-- Am. 2001, Act 270 , Imd. Eff. Jan. 11, 2002 Compiler's Notes: For transfer of authority, powers, duties, functions, and responsibility of the financial institutions bureau and the commissioner of the financial institutions bureau to the commissioner of the office of financial and insurance services and the office of financial and insurance services by type III transfer, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.

Nearby Sections

15
§ 493.1
Short title; definitions.
§ 493.10
Commissioner of state banking department; authority to investigate business and examine records; witnesses; examination of licensee; construction of section; disposition of fees.
§ 493.101
Definitions.
§ 493.102
Credit card arrangement; license required; terms and conditions.
§ 493.103
Application for license; oath; form; contents; fees; net worth requirements; rules.
§ 493.104
Investigation; finding; issuance of license; refusal to issue license; expiration of license.
§ 493.105
Duties of commissioner upon refusal to issue license.
§ 493.106
Suspension, revocation, or refusal to renew license; notice; grounds; surrender of license; duration of license; reinstatement or issuance of new license; preexisting lawful contracts.
§ 493.107
Investigations and examination of books, accounts, records, and files; electronic data processing not prohibited; establishment of annual fee schedule; fees nonrefundable; penalty; disposition and use of fees and expenses; action for recovery of fees or expenses.
§ 493.108
Subpoena of witnesses and evidence; oaths and affirmations; noncompliance; order; contempt.
§ 493.109
Books, accounts, and records; maintenance, preservation, and availability; audit; cost.
§ 493.11
Books, accounts, and records of licensee; preservation and accessibility; filing financial statement with commissioner; reports.
§ 493.110
Maximum interest; computation; fee; offer of loan or credit in connection with other accounts, services, or similar agreements; prohibited conditions.
§ 493.111
Truth in lending act; disclosures, information, and notices; applicability.
§ 493.112
Wilful and intentional violation as misdemeanor; conduct barring recovery and entitling consumer to attorney fees and court costs; authorized actions.
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Bluebook (online)
Michigan § 493.14a, Counsel Stack Legal Research, https://law.counselstack.com/statute/mi/493/493.14a.