Michigan § 438.152 - Interest valid in this state; defense of usury not available.
Full text of Michigan Michigan Compiled Laws § 438.152 — Interest valid in this state; defense of usury not available., with citation guidance and answers to common questions.
§ 438.152. Interest valid in this state; defense of usury not available.
No plea of usury, nor defense founded upon an allegation of usury, shall be sustained in any court in this State, nor shall any security be held invalid on an allegation of usury, where the rate of interest reserved, discounted or taken, does not exceed that allowed by the laws of this State, in consequence of such security being payable in a State, kingdom or country where such rate of interest is not allowed.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 438.152
What does Michigan Compiled Laws § 438.152 cover?
Section 438.152 ("Interest valid in this state; defense of usury not available.") 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 § 438.152?
A common citation format is "Michigan Compiled Laws § 438.152" (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 § 438.152 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.