Mich. Comp. Laws § 487.3504

Current through Public Act 171 of the 2024 Legislative Session

Section 487.3504 - Receipt of consideration or gratuity prohibited

An officer, director, or employee of a savings bank shall not receive any consideration or gratuity from a borrower for procuring a loan from the savings bank.

MCL 487.3504

1996, Act 354, Imd. Eff. 7/1/1996.