Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 487.14201 — Michigan Law | CourtGPT
  1. Home/
  2. Laws/
  3. Michigan/
  4. Chapter 487 - Financial Institutionsact 349 of 1925 - Adverse Claim to Bank Deposit (487.691 - 487.691)/
  5. Statute Act 276 of 1999/
  6. Division 276 1999 4/
  7. Division 276 1999 4 2/
  8. § 487.14201
Michigan Legal Code

§ 487.14201

Ask AI about this
487.14201 Loans and credit extensions; interest and charges. Sec. 4201. (1) A bank may collect interest and charges on loans and extensions of credit as permitted by the laws of this state or of the United States to any person. (2) A bank may charge a discount on obligations purchased by the bank. History: 1999, Act 276, Eff. Mar. 1, 2000