Section 445.1204 - Home improvement installment contract; delivery of copy to buyer; acknowledgment, form. - Michigan Statutes

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Statutes > Michigan > Chapter-445 > Act-332-of-1965 > 332-1965-2 > Section-445-1204

HOME IMPROVEMENT FINANCE ACT (EXCERPT)
Act 332 of 1965

445.1204 Home improvement installment contract; delivery of copy to buyer; acknowledgment, form.

Sec. 204.

The contractor shall deliver to the buyer at the time the contract is executed a copy thereof completed in accordance with the provisions of this act. Until the contractor does so, the buyer shall not be obligated to pay. Any acknowledgment by the buyer of the delivery of a copy of the contract shall be printed or written in a size equal to at least 10-point bold type and, if contained in the contract, shall also appear directly above the space reserved for the buyer's signature. The buyer's written acknowledgment, conforming to the requirements of this section of delivery of a copy of a contract, shall be evidence of such delivery and of compliance with this section in any action or proceeding by or against an assignee of the contract without knowledge to the contrary when he purchases the contract.

History: 1965, Act 332, Eff. Jan. 1, 1966

State Codes and Statutes

Statutes > Michigan > Chapter-445 > Act-332-of-1965 > 332-1965-2 > Section-445-1204

HOME IMPROVEMENT FINANCE ACT (EXCERPT)
Act 332 of 1965

445.1204 Home improvement installment contract; delivery of copy to buyer; acknowledgment, form.

Sec. 204.

The contractor shall deliver to the buyer at the time the contract is executed a copy thereof completed in accordance with the provisions of this act. Until the contractor does so, the buyer shall not be obligated to pay. Any acknowledgment by the buyer of the delivery of a copy of the contract shall be printed or written in a size equal to at least 10-point bold type and, if contained in the contract, shall also appear directly above the space reserved for the buyer's signature. The buyer's written acknowledgment, conforming to the requirements of this section of delivery of a copy of a contract, shall be evidence of such delivery and of compliance with this section in any action or proceeding by or against an assignee of the contract without knowledge to the contrary when he purchases the contract.

History: 1965, Act 332, Eff. Jan. 1, 1966

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State Codes and Statutes

Statutes > Michigan > Chapter-445 > Act-332-of-1965 > 332-1965-2 > Section-445-1204

HOME IMPROVEMENT FINANCE ACT (EXCERPT)
Act 332 of 1965

445.1204 Home improvement installment contract; delivery of copy to buyer; acknowledgment, form.

Sec. 204.

The contractor shall deliver to the buyer at the time the contract is executed a copy thereof completed in accordance with the provisions of this act. Until the contractor does so, the buyer shall not be obligated to pay. Any acknowledgment by the buyer of the delivery of a copy of the contract shall be printed or written in a size equal to at least 10-point bold type and, if contained in the contract, shall also appear directly above the space reserved for the buyer's signature. The buyer's written acknowledgment, conforming to the requirements of this section of delivery of a copy of a contract, shall be evidence of such delivery and of compliance with this section in any action or proceeding by or against an assignee of the contract without knowledge to the contrary when he purchases the contract.

History: 1965, Act 332, Eff. Jan. 1, 1966