Michigan § 445.860 - Retail installment contracts; statement of dates, payments and unpaid balances; receipt.
Full text of Michigan Michigan Compiled Laws § 445.860 — Retail installment contracts; statement of dates, payments and unpaid balances; receipt., with citation guidance and answers to common questions.
§ 445.860. Retail installment contracts; statement of dates, payments and unpaid balances; receipt.
Upon written request of the buyer, the holder of a retail installment contract shall give or forward to the buyer a written statement of the dates and amounts of payments and the total amount unpaid under the contract. A buyer shall be given a written receipt for any payment when made in cash. The statement or receipt shall be given the buyer once without charge; if any additional statement is requested by the buyer, it shall be supplied by the holder at a charge not in excess of $1.00 for each additional statement or receipt so supplied.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 445.860
What does Michigan Compiled Laws § 445.860 cover?
Section 445.860 ("Retail installment contracts; statement of dates, payments and unpaid balances; receipt.") 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 § 445.860?
A common citation format is "Michigan Compiled Laws § 445.860" (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 § 445.860 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.