State Codes and Statutes
Statutes > Michigan > Chapter-446 > Act-67-of-2009 > Section-446-135REFUND ANTICIPATION LOAN ACT (EXCERPT)
Act 67 of 2009
446.135 Refund anticipation loan; certain conduct by facilitator prohibited.
Sec. 5.
A facilitator that facilitates or offers to facilitate a refund anticipation loan shall not do any of the following:
(a) Require a consumer to enter into a refund anticipation loan arrangement in order to complete a tax return.
(b) Misrepresent a material factor or condition of granting a refund anticipation loan.
(c) Fail to process the application for a refund anticipation loan after an applicant applies for the refund anticipation loan.
(d) Engage in any fraudulent transaction, practice, or course of business with any person in connection with a refund anticipation loan.
History: 2009, Act 67, Imd. Eff. July 9, 2009
