Michigan § 438.42 - Usurious loan records; possession, penalty.
Full text of Michigan Michigan Compiled Laws § 438.42 — Usurious loan records; possession, penalty., with citation guidance and answers to common questions.
§ 438.42. Usurious loan records; possession, penalty.
A person is guilty of possession of usurious loan records when, with knowledge of the contents thereof, he possesses any writing, paper, instrument or article used to record criminally usurious transactions prohibited by this act. Any person guilty of possession of usurious loan records may be imprisoned for a term not to exceed 1 year or fined not more than $1,000.00, or both.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 438.42
What does Michigan Compiled Laws § 438.42 cover?
Section 438.42 ("Usurious loan records; possession, penalty.") 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 § 438.42?
A common citation format is "Michigan Compiled Laws § 438.42" (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 § 438.42 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.