Michigan § 493.111 - Truth in lending act; disclosures, information, and notices; applicability.
Full text of Michigan Michigan Compiled Laws § 493.111 — Truth in lending act; disclosures, information, and notices; applicability., with citation guidance and answers to common questions.
§ 493.111. Truth in lending act; disclosures, information, and notices; applicability.
A licensee shall make or give to the consumer the disclosures, information, and notices required by the truth in lending act for a credit card arrangement that is governed by this act.
To the extent that the truth in lending act does not impose duties or obligations upon a person for an account established for personal, household, or family purposes in a credit card arrangement that is governed by this act, the person shall make or give to the consumer disclosures, information, and notices in accordance with the federal truth in lending act with respect to the credit transaction.
The truth in lending act shall apply to a credit transaction for which this act authorizes the collection of charges or interest notwithstanding its inclusion in a class of transactions within this state which, by regulation of the board of governors of the federal reserve system, is exempt from the truth in lending act.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 493.111
What does Michigan Compiled Laws § 493.111 cover?
Section 493.111 ("Truth in lending act; disclosures, information, and notices; applicability.") 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 § 493.111?
A common citation format is "Michigan Compiled Laws § 493.111" (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 § 493.111 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.