Michigan § 445.1858 - Certain provisions in written agreement as void and unenforceable.
Full text of Michigan Michigan Compiled Laws § 445.1858 — Certain provisions in written agreement as void and unenforceable., with citation guidance and answers to common questions.
§ 445.1858. Certain provisions in written agreement as void and unenforceable.
Any of the following provisions contained in a written document made in connection with an extension of credit to an individual for personal, family, or household purposes are void and unenforceable:
A power of attorney to confess a judgment.
Unless otherwise expressly provided for by law, a waiver of a borrower's or buyer's rights under this act.
Except as authorized by this act, an agreement by a borrower or buyer to pay a penalty. Late payment and prepayment charges are not penalties.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 445.1858
What does Michigan Compiled Laws § 445.1858 cover?
Section 445.1858 ("Certain provisions in written agreement as void and unenforceable.") 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 § 445.1858?
A common citation format is "Michigan Compiled Laws § 445.1858" (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 § 445.1858 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.