Mich. Comp. Laws § 445.1402

Current through Public Act 122 of the 2024 Legislative Session
Section 445.1402 - Statement of payments; furnished by holder, fee

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.

MCL 445.1402

1965, Act 332, Eff. 1/1/1966 .