Michigan § 750.147a - Discrimination in extending credit, granting loan, or rating person's creditworthiness; violation; penalty; civil liability.
Full text of Michigan Michigan Compiled Laws § 750.147a — Discrimination in extending credit, granting loan, or rating person's creditworthiness; violation; penalty; civil liability., with citation guidance and answers to common questions.
§ 750.147a. Discrimination in extending credit, granting loan, or rating person's creditworthiness; violation; penalty; civil liability.
A person shall not discriminate in extending credit or granting a loan on the basis of race, color, religion, national origin, marital status, sex, or physical disability unless both the following apply:
The person is a nonprofit corporation whose members share 1 of the following:
The same racial, religious, ethnic, marital, or sexual characteristic.
The same physical disability.
A blend of the characteristics described in subparagraphs (
The person extends credit or grants a loan only to its members.
A person shall not discriminate in the rating of a person's creditworthiness on the basis of race, color, religion, national origin, marital status, sex, or physical disability.
A person who violates the provisions of subsection (1) or (2) is guilty of a misdemeanor punishable by a fine of not more than $1,000.00.
A person who violates the provisions of subsection (1) or (2) is liable in a civil action to the injured party for the amount of $200.00 or for damages, whichever is greater. Actions brought pursuant to rule 3.501 of the Michigan court rules are limited to those damages provided in this subsection. The prevailing party in the civil action shall be entitled to recover court costs and reasonable attorney fees. The right of action under this subsection is unassignable.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 750.147a
What does Michigan Compiled Laws § 750.147a cover?
Section 750.147a ("Discrimination in extending credit, granting loan, or rating person's creditworthiness; violation; penalty; civil liability.") 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 § 750.147a?
A common citation format is "Michigan Compiled Laws § 750.147a" (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 § 750.147a 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.