Michigan § 390.1223 - Disclosure of restrictive policies or practices.
Full text of Michigan Michigan Compiled Laws § 390.1223 — Disclosure of restrictive policies or practices., with citation guidance and answers to common questions.
§ 390.1223. Disclosure of restrictive policies or practices.
If a lender follows or adopts a policy or practice with respect to loans which restricts a repayment option or condition permitted to be made available on the loan, the lender shall disclose this in the manner prescribed in section 2(1) and shall describe how the lender's policy or practice is more restrictive than that permitted.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 390.1223
What does Michigan Compiled Laws § 390.1223 cover?
Section 390.1223 ("Disclosure of restrictive policies or practices.") 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 § 390.1223?
A common citation format is "Michigan Compiled Laws § 390.1223" (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 § 390.1223 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.