Michigan § 125.2057 - Agreements with lenders.
Full text of Michigan Michigan Compiled Laws § 125.2057 — Agreements with lenders., with citation guidance and answers to common questions.
§ 125.2057. Agreements with lenders.
The fund may enter into agreements with lenders for participation in the center for loan insurance. The agreements may include, but need not be limited to:
Authorization for the lender to determine, collect, and transmit to the fund a fee or premium charge within a specified range established consistent with the purposes and objectives of the fund.
Specification of whether the premium charge shall be paid by the lender, the borrower, the fund, or by a combination thereof in specified proportions.
The procedure by which a lender may make a claim upon the fund upon default by the borrower and the conditions under which a claim may be made.
The maximum amount of claims a lender may make upon the fund, which amount may be equal to, greater than, or less than the proportion of the total premiums collected by the fund which is accounted for by premiums collected by the lender.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.2057
What does Michigan Compiled Laws § 125.2057 cover?
Section 125.2057 ("Agreements with lenders.") 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 § 125.2057?
A common citation format is "Michigan Compiled Laws § 125.2057" (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 § 125.2057 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.