Michigan § 500.1501a - Financial institutions; application of chapter.
Full text of Michigan Michigan Compiled Laws § 500.1501a — Financial institutions; application of chapter., with citation guidance and answers to common questions.
§ 500.1501a. Financial institutions; application of chapter.
Nothing in this chapter shall limit or interfere with any bank, company or association described in subsection (b) of section 1501 as to any business which it is otherwise authorized to conduct, including the financing of insurance premiums. Nothing in this chapter shall prevent any such bank, company or association, if otherwise permitted by law and regulation, from qualifying under this chapter as an insurance premium finance company.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.1501a
What does Michigan Compiled Laws § 500.1501a cover?
Section 500.1501a ("Financial institutions; application of chapter.") 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 § 500.1501a?
A common citation format is "Michigan Compiled Laws § 500.1501a" (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 § 500.1501a 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.