Michigan § 325.856a - Discharge and repayment of loan made by state toxic substance loan commission; preparation, execution, and filing of documents.
Full text of Michigan Michigan Compiled Laws § 325.856a — Discharge and repayment of loan made by state toxic substance loan commission; preparation, execution, and filing of documents., with citation guidance and answers to common questions.
§ 325.856a. Discharge and repayment of loan made by state toxic substance loan commission; preparation, execution, and filing of documents.
Notwithstanding any other section of this act, the unpaid balance of a loan made by the state toxic substance loan commission pursuant to former Act No. 273 of the Public Acts of 1978, including principal, interest, and fees and charges related to that loan, that is due and payable to the toxic substance loan repayment fund shall be discharged on the effective date of this act and any security agreement or note of indebtedness resulting from that loan shall be void. In addition, the department shall reimburse a person for payments made by that person on any loan made by the state toxic substance loan commission pursuant to former Act No. 273 of the Public Acts of 1978, including payment of principal, interest, and fees and charges related to that loan paid to the toxic substance loan repayment fund under the terms of that loan.
The department, with the assistance of the attorney general, shall prepare, execute, and file any documents necessary to effectuate this section, including the prompt preparation, execution, and filing of any documents necessary to reflect the discharge and repayment provided by this section to persons who obtained loans from the state toxic substance loan commission.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 325.856a
What does Michigan Compiled Laws § 325.856a cover?
Section 325.856a ("Discharge and repayment of loan made by state toxic substance loan commission; preparation, execution, and filing of documents.") 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 § 325.856a?
A common citation format is "Michigan Compiled Laws § 325.856a" (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 § 325.856a 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.