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
Michigan Legal Code