reglab/housing_qa huggingface dataset:
MI Comp L § 445.1309 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 332 of 1965 - Home Improvement Finance Act (445.1101 - 445.1431)|332-1965-3 - Part 3 (445.1301...445.1309)|Section 445.1309 - Optional Method of Computing Finance Charge.

445.1309 Optional method of computing finance charge. Sec. 309.  Instead of a finance charge computed on the principal amount financed as determined under section 203 or 308, the seller may charge from time to time a finance charge consisting of interest on the amount of the unpaid principal balance of the contract. In this event, the transaction shall be subject to this act as modified by the following provisions:  (a) Finance charge shall mean the estimated amount of consideration in excess of the cash price which the buyer will pay in the form of interest assuming that each scheduled payment is made on the date it is due and in the scheduled amount.  (b) The maximum estimated finance charge shall not exceed the maximum dollar amount allowed pursuant to section 301 for contracts of the same contractual maturity computed on the actual number of days between installment payments.  (c) The number and amount of installment payments required to be stated pursuant to sections 203 and 308 shall be estimated for purposes of this section assuming that each scheduled payment is made on the date it is due and in the scheduled amount.  (d) The holder of the contract shall have the option of deferring interest charges which accrue due to installment payments being received later than the periodic installment due date. The deferred interest charge shall be computed on the basis of additional interest charges accruing for late installment payments and appropriate interest reductions for installment payments made before the due date. On contracts providing for equal monthly installments, if the final installment is more than 105% of a previous installment as a result of the deferred interest charges, the installment buyer shall be given the option to pay the deferred interest charges not less than 25 days after the date the last installment payment is due.  (e) If the entire principal balance is prepaid in full, together with all interest incurred to the date of prepayment, the balance of the original finance charge shall be canceled and the provisions of section 303 respecting a refund credit shall not be applicable. History: Add. 1978, Act 96, Imd. Eff. Apr. 5, 1978
MI Comp L § 445.1401 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 332 of 1965 - Home Improvement Finance Act (445.1101 - 445.1431)|332-1965-4 - Part 4 (445.1401...445.1431)|Section 445.1401 - Notice of Assignment of Contract or Agreement.

445.1401 Notice of assignment of contract or agreement. Sec. 401.  Unless the buyer has notice of the actual or intended assignment of a home improvement installment contract or home improvement charge agreement, payment under the contract or agreement by the buyer to the last known holder of the contract or agreement is binding upon all subsequent holders or assignees. History: 1965, Act 332, Eff. Jan. 1, 1966 ;-- Am. 1985, Act 202, Imd. Eff. Dec. 27, 1985
MI Comp L § 445.1402 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 332 of 1965 - Home Improvement Finance Act (445.1101 - 445.1431)|332-1965-4 - Part 4 (445.1401...445.1431)|Section 445.1402 - Statement of Payments; Furnished by Holder, Fee.

445.1402 Statement of payments; furnished by holder, fee. Sec. 402.  At any time after its execution, but not later than 1 year after the last payment thereunder, the holder of a home improvement installment contract, upon written request of the buyer, shall give or forward to the buyer a written statement of the dates and amounts of payments and the total amount, if any, unpaid thereunder. The statement shall be supplied by the holder once each year without charge; if any additional statement is requested by the buyer, the holder shall supply each statement to the buyer at a charge not exceeding $1.00 for each additional statement supplied to the buyer. A buyer shall be given a receipt for any payment when made in cash. History: 1965, Act 332, Eff. Jan. 1, 1966
MI Comp L § 445.1403 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 332 of 1965 - Home Improvement Finance Act (445.1101 - 445.1431)|332-1965-4 - Part 4 (445.1401...445.1431)|Section 445.1403 - Payment in Full; Acknowledgment, Release of Collateral.

445.1403 Payment in full; acknowledgment, release of collateral. Sec. 403.  After the payment of all sums for which the buyer is obligated under a home improvement installment contract and upon demand made by the buyer, the holder shall deliver, or mail to the buyer at his last known address, such 1 or more good and sufficient instruments as may be necessary to acknowledge payment in full and to release all collateral. History: 1965, Act 332, Eff. Jan. 1, 1966
MI Comp L § 445.1404 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 332 of 1965 - Home Improvement Finance Act (445.1101 - 445.1431)|332-1965-4 - Part 4 (445.1401...445.1431)|Section 445.1404 - Compensation or Reward for Procurement of Contract or Agreement Prohibited; Giving Tangible Items for Advertising or Sales Promotion Purposes.

445.1404 Compensation or reward for procurement of contract or agreement prohibited; giving tangible items for advertising or sales promotion purposes. Sec. 404.  (1) As part of or in connection with the inducement to make a home improvement installment contract or home improvement charge agreement, a person shall not promise or offer to pay, credit, or allow to a buyer any compensation or reward for the procurement of a home improvement installment contract or home improvement charge agreement with others.  (2) A person shall not offer, deliver, pay, credit, or allow to the buyer any gift, bonus, award, merchandise, or cash loan as an inducement to enter into a home improvement installment contract or to make a purchase under a home improvement charge agreement.  (3) A contractor or financing agency may give tangible items to prospective buyers for advertising or sales promotion purposes where the gift is not conditioned upon obtaining a home improvement installment contract or making a purchase under a home improvement charge agreement, but such item shall not have a cost value in excess of $2.50 and a buyer or other person shall not receive more than 1 such item in connection with any 1 sale. History: 1965, Act 332, Eff. Jan. 1, 1966 ;-- Am. 1985, Act 202, Imd. Eff. Dec. 27, 1985
MI Comp L § 445.1405 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 332 of 1965 - Home Improvement Finance Act (445.1101 - 445.1431)|332-1965-4 - Part 4 (445.1401...445.1431)|Section 445.1405 - Criminal Violation of Act by Personnel Deemed Violation by Contractor; Exception.

445.1405 Criminal violation of act by personnel deemed violation by contractor; exception. Sec. 405.  A criminal violation of any of the provisions of this act by a director, manager, partner, officer, salesman, agent or employee of a contractor or financing agency is deemed a criminal violation by such contractor or financing agency, unless it shall appear that the individuals engaged in the management of the contractor or financing agency had no actual or constructive knowledge of the wrongful conduct or was reasonably unable to prevent the violation. History: 1965, Act 332, Eff. Jan. 1, 1966
MI Comp L § 445.1406 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 332 of 1965 - Home Improvement Finance Act (445.1101 - 445.1431)|332-1965-4 - Part 4 (445.1401...445.1431)|Section 445.1406 - Unauthorized Charges.

445.1406 Unauthorized charges. Sec. 406.  A person shall not charge, collect, or receive from a buyer, directly or indirectly, any further or other amount for costs, credit investigation charges, insurance premiums, examination, appraisal, service, brokerage, commission, interest, discount, expense, fee, fine, penalty, or other thing of value in connection with a home improvement installment contract, home improvement charge agreement, or home improvement charge sale, other than the charges authorized by this act. Any such unauthorized charge shall be unenforceable. Any payment of an unauthorized charge shall be applied to the next maturing installment, or, if a contract has been fully paid or a balance is not owing under an agreement, shall be remitted to the buyer and the buyer shall be entitled to recover all such unauthorized charges. History: 1965, Act 332, Eff. Jan. 1, 1966 ;-- Am. 1985, Act 202, Imd. Eff. Dec. 27, 1985
MI Comp L § 445.1407 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 332 of 1965 - Home Improvement Finance Act (445.1101 - 445.1431)|332-1965-4 - Part 4 (445.1401...445.1431)|Section 445.1407 - Cash Loans.

445.1407 Cash loans. Sec. 407.  A cash loan shall not directly or indirectly be included in or combined or consolidated with any home improvement installment contract, home improvement charge sale, or home improvement charge agreement, or with any extension, deferment, refinancing, add-on, or consolidation agreement pertaining thereto. History: 1965, Act 332, Eff. Jan. 1, 1966 ;-- Am. 1985, Act 202, Imd. Eff. Dec. 27, 1985
MI Comp L § 445.1409 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 332 of 1965 - Home Improvement Finance Act (445.1101 - 445.1431)|332-1965-4 - Part 4 (445.1401...445.1431)|Section 445.1409 - Waiver.

445.1409 Waiver. Sec. 409.  No act, agreement, or statement of a buyer under a home improvement installment contract or home improvement charge agreement constitutes a valid waiver of any provision of this act intended for the benefit or protection of the buyer. History: 1965, Act 332, Eff. Jan. 1, 1966 ;-- Am. 1985, Act 202, Imd. Eff. Dec. 27, 1985
MI Comp L § 445.1410 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 332 of 1965 - Home Improvement Finance Act (445.1101 - 445.1431)|332-1965-4 - Part 4 (445.1401...445.1431)|Section 445.1410 - Effect of Act as to Prior Contracts.

445.1410 Effect of act as to prior contracts. Sec. 410.  This act does not apply to or affect the validity of a home improvement installment contract otherwise within the purview of this act, which is made prior to the effective date of the respective provisions of this act governing such contracts. History: 1965, Act 332, Eff. Jan. 1, 1966
MI Comp L § 445.1421 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 332 of 1965 - Home Improvement Finance Act (445.1101 - 445.1431)|332-1965-4 - Part 4 (445.1401...445.1431)|Section 445.1421 - Violation of Act; Misdemeanor, Penalty.

445.1421 Violation of act; misdemeanor, penalty. Sec. 421.  Any person who wilfully violates any provision of this act or directs or consents to such violation, is guilty of a misdemeanor and, upon conviction thereof, may be punished by imprisonment in the county jail for a period not to exceed 90 days and may be fined not more than $500 or both for the first offense; and for each subsequent offense a like fine or imprisoned not to exceed 1 year, or both. Violation of any order, decree or injunction issued pursuant to the provisions of this act shall constitute prima facie proof of a violation of this section. History: 1965, Act 332, Eff. Jan. 1, 1966
MI Comp L § 445.1422 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 332 of 1965 - Home Improvement Finance Act (445.1101 - 445.1431)|332-1965-4 - Part 4 (445.1401...445.1431)|Section 445.1422 - Violation of Act; Injunction; Violation of Injunction, Civil Penalty.

445.1422 Violation of act; injunction; violation of injunction, civil penalty. Sec. 422.  (1) The attorney general or the prosecuting attorney of any county may bring an action in the name of the state to restrain or prevent any violation of this act or any continuance of any such violation. Such action, in the case of the attorney general, shall be brought in the circuit court of Ingham county, upon which jurisdiction thereof is conferred, and, in the case of the prosecuting attorney, in the county where the defendant resides, has his principal place of business, or where the act sought to be restrained has been, or is about to be, performed.  (2) A person who violates any order or decree entered, or injunction issued, pursuant to subsection (1) is liable to a civil penalty of not more than $1,000.00, in the discretion of the court, to be recovered as judgments are now by law recovered. For the purpose of this section, the circuit court entering any order or judgment, or issuing any injunction, under the provisions of this section may retain jurisdiction, and the cause may be continued.  (3) Any penalty directed to be paid under the provisions of this section shall be in addition to any penalty which may be imposed under the provisions of section 421. History: 1965, Act 332, Eff. Jan. 1, 1966
MI Comp L § 445.1431 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 332 of 1965 - Home Improvement Finance Act (445.1101 - 445.1431)|332-1965-4 - Part 4 (445.1401...445.1431)|Section 445.1431 - Effective Date of Act.

445.1431 Effective date of act. Sec. 431.  This act shall take effect January 1, 1966. History: 1965, Act 332, Eff. Jan. 1, 1966
MI Comp L § 445.2511 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 229 of 2013 - Security Freeze Act (445.2511 - 445.2542)|Article 1 - (445.2511...445.2514)|Section 445.2511 - Short Title.

445.2511 Short title.Sec. 1.  This act shall be known and may be cited as the "security freeze act". History: 2013, Act 229, Eff. Jan. 1, 2014
MI Comp L § 445.2514 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 229 of 2013 - Security Freeze Act (445.2511 - 445.2542)|Article 1 - (445.2511...445.2514)|Section 445.2514 - Inapplicability of Article 3 to Certain Entities or Uses.

445.2514 Inapplicability of Article 3 to certain entities or uses.Sec. 4.  Article 3 does not apply to any of the following entities or uses:  (a) A person that is acting under a court order, warrant, or subpoena.  (b) A person that administers a credit file monitoring subscription service to which a consumer or protected consumer has subscribed.  (c) A person that provides a consumer or the consumer's representative with a copy of the consumer's credit report on request of the consumer or the representative.  (d) A check services or fraud prevention services company that issues any of the following:  (i) Reports on incidents of fraud.  (ii) Authorizations for the purpose of approving or processing negotiable instruments, electronic funds transfers, or similar payment methods.  (e) A deposit account information service company that issues reports regarding account closures due to fraud, substantial overdrafts, or automated teller machine abuse or provides similar information regarding a consumer to inquiring banks or other financial institutions for use only in reviewing a consumer request for a deposit account at the inquiring bank or financial institution.  (f) A consumer reporting agency database or file that consists entirely of consumer information concerning, and used solely for, 1 or more of the following:  (i) Criminal record information.  (ii) Personal loss history information.  (iii) Fraud prevention or detection.  (iv) Employment screening.  (v) Tenant screening.  (g) A consumer reporting agency that meets both of the following:   (i) It is only engaged in reselling resell credit information by assembling and merging information contained in a database of 1 or more consumer reporting agencies.  (ii) It does not maintain a permanent database of credit information it obtains for purposes of subparagraph (i). History: 2013, Act 229, Eff. Jan. 1, 2014
MI Comp L § 445.2521 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 229 of 2013 - Security Freeze Act (445.2511 - 445.2542)|Article 2 - (445.2521...445.2527)|Section 445.2521 - Placement of Security Freeze on Consumer's Credit Report; Conditions; Days.

445.2521 Placement of security freeze on consumer's credit report; conditions; days.Sec. 11.  (1) A consumer reporting agency shall place a security freeze on a consumer's credit report if all of the following are met:  (a) The consumer reporting agency receives a request from the consumer for the placement of the security freeze under this act.  (b) The consumer does all of the following:  (i) Submits the request described in subdivision (a) to the consumer reporting agency at the address or other point of contact and in the manner specified by the consumer reporting agency.  (ii) Provides to the consumer reporting agency sufficient proof of identification of the consumer.  (2) Within 5 business days after receiving a request that meets the requirements of subsection (1), a consumer reporting agency shall place a security freeze for the consumer. History: 2013, Act 229, Eff. Jan. 1, 2014 ;-- Am. 2018, Act 76, Eff. June 17, 2018
MI Comp L § 445.2522 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 229 of 2013 - Security Freeze Act (445.2511 - 445.2542)|Article 2 - (445.2521...445.2527)|Section 445.2522 - Placement of Security Freeze on Consumer's Credit Report; Duties of Consumer Reporting Agency.

445.2522 Placement of security freeze on consumer's credit report; duties of consumer reporting agency.Sec. 12.  Within 5 business days after placing a security freeze on a consumer's credit report under section 11, the consumer reporting agency shall do all of the following:  (a) Send a written confirmation of the security freeze to the consumer.  (b) Provide the consumer with a unique personal identification number or password to be used by the consumer when authorizing the release of the consumer's credit report to a specific person or for a specific period of time.  (c) Provide the consumer with a written statement of the procedures for requesting the consumer reporting agency to remove or temporarily lift a security freeze. History: 2013, Act 229, Eff. Jan. 1, 2014
MI Comp L § 445.2523 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 229 of 2013 - Security Freeze Act (445.2511 - 445.2542)|Article 2 - (445.2521...445.2527)|Section 445.2523 - Release of Credit Report or Information; Express Prior Authorization Required.

445.2523 Release of credit report or information; express prior authorization required.Sec. 13.  Except as provided in section 14, if a security freeze is in place, a consumer reporting agency may not release a consumer's credit report or any information derived from a consumer's credit report without the express prior authorization of the consumer. History: 2013, Act 229, Eff. Jan. 1, 2014
MI Comp L § 445.2524 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 229 of 2013 - Security Freeze Act (445.2511 - 445.2542)|Article 2 - (445.2521...445.2527)|Section 445.2524 - Temporary Lifting of Security Freeze.

445.2524 Temporary lifting of security freeze.Sec. 14.  (1) A consumer who does all of the following may temporarily lift a security freeze to allow access to the consumer's credit report by a specific person or for a specific period of time while the security freeze is in place:  (a) Contacts the consumer reporting agency at the address or other point of contact and in the manner specified by the consumer reporting agency for making a request under subdivision (b).  (b) Requests that the consumer reporting agency temporarily lift the security freeze.  (c) Provides to the consumer reporting agency sufficient proof of identification of the consumer.  (d) Includes with the request under subdivision (b) the unique personal identification number or password provided to the consumer under section 12(b).  (e) Provides the proper information regarding the person that is to receive the credit report or the time period during which the credit report is to be available to users of the credit report.  (2) Except as provided in subsection (3), a consumer reporting agency that receives a request to temporarily lift a security freeze under subsection (1) shall comply with the request within 3 business days after receiving the request.  (3) If a consumer reporting agency receives a request to temporarily lift a security freeze under subsection (1) by telephone, by electronic mail, or by secure connection on the website of the consumer reporting agency, the consumer reporting agency shall comply with the request within 15 minutes after receiving the request. However, a consumer reporting agency is not required to temporarily lift a security freeze within 15 minutes if a delay in complying with the request is caused by any of the following:  (a) An act of God, including, but not limited to, a fire, earthquake, hurricane, storm, or similar natural disaster or phenomena.  (b) An unauthorized or illegal act by a third party, including, but not limited to, an act of terrorism, sabotage, riot, or vandalism, a labor strike or other labor dispute that disrupts the consumer reporting agency's operations, or a similar occurrence.  (c) An interruption of the consumer reporting agency's operations, including, but not limited to, an electrical failure, an unanticipated delay in equipment or replacement part delivery, a computer hardware or software failure that inhibits response time, or a similar disruption.  (d) Governmental action, including, but not limited to, an emergency order or regulation, judicial or law enforcement action, or a similar directive.  (e) Regularly scheduled maintenance of, or updates to, the consumer reporting agency's systems that occurs outside of normal business hours.  (f) Commercially reasonable maintenance of, or repair to, the consumer reporting agency's systems that is unexpected or unscheduled. History: 2013, Act 229, Eff. Jan. 1, 2014 ;-- Am. 2018, Act 76, Eff. June 17, 2018
MI Comp L § 445.2525 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 229 of 2013 - Security Freeze Act (445.2511 - 445.2542)|Article 2 - (445.2521...445.2527)|Section 445.2525 - Incomplete Credit Application.

445.2525 Incomplete credit application.Sec. 15.  If, in connection with an application for credit or for any other use, a person requests access to a consumer's credit report while a security freeze is in place and the consumer does not authorize access to the consumer's credit report, the person may treat the application as incomplete. History: 2013, Act 229, Eff. Jan. 1, 2014
MI Comp L § 445.2526 (2021)
2021 Michigan Compiled Laws|Chapter 445 - Trade and Commerce|Act 229 of 2013 - Security Freeze Act (445.2511 - 445.2542)|Article 2 - (445.2521...445.2527)|Section 445.2526 - Duration of Security Freeze.

445.2526 Duration of security freeze.Sec. 16.  A security freeze on a consumer's credit report shall remain in place until 1 of the following occurs:  (a) The freeze is temporarily lifted at the consumer's request under section 14.  (b) The freeze is removed at the consumer's request under section 17.  (c) The freeze is removed by the consumer reporting agency because the freeze was placed based on a material misrepresentation of fact by the consumer. However, if a consumer reporting agency intends to remove a security freeze under this subdivision, the consumer reporting agency must notify the consumer in writing of its intent at least 5 business days before removing the security freeze. History: 2013, Act 229, Eff. Jan. 1, 2014