Michigan § 445.859 - Installment contract or retail charge agreement; delinquency and collection charge.
Full text of Michigan Michigan Compiled Laws § 445.859 — Installment contract or retail charge agreement; delinquency and collection charge., with citation guidance and answers to common questions.
§ 445.859. Installment contract or retail charge agreement; delinquency and collection charge.
The holder of an installment contract or retail charge agreement, or retail charge agreement including a contract subject to section 23, if it so provides, may collect a delinquency and collection charge on each installment in default for a period of more than 10 days. A delinquency and collection charge is not a liquidated damage.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 445.859
What does Michigan Compiled Laws § 445.859 cover?
Section 445.859 ("Installment contract or retail charge agreement; delinquency and collection charge.") 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 § 445.859?
A common citation format is "Michigan Compiled Laws § 445.859" (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 § 445.859 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.