Michigan § 487.3418 - Loan production offices.
Full text of Michigan Michigan Compiled Laws § 487.3418 — Loan production offices., with citation guidance and answers to common questions.
§ 487.3418. Loan production offices.
Without notice to or approval of the commissioner, a savings bank may establish and operate a loan production office or loan production offices.
A savings bank may perform any of the following activities through a loan production office:
Receive loan applications.
Process loans.
Assemble information related to the approval of loans.
Close loans.
Disburse loan proceeds approved by the principal office or a branch.
Receive loan payments.
Any other activities as approved by rule, order, or declaratory ruling of the commissioner.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 487.3418
What does Michigan Compiled Laws § 487.3418 cover?
Section 487.3418 ("Loan production offices.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 487.3418?
A common citation format is "Michigan Compiled Laws § 487.3418" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 487.3418 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.