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Code · Michigan · Chapter 445 — Trade and Commerce

445.1403 Payment in full; acknowledgment, release of collateral.

79 words·~1 min read·/mi/chapter-445/445-1403

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445.1403 Payment in full; acknowledgment, release of collateral.
Sec. 403.
After the payment of all sums for which the buyer is obligated under a home improvement installment contract and upon demand made by the buyer, the holder shall deliver, or mail to the buyer at his last known address, such 1 or more good and sufficient instruments as may be necessary to acknowledge payment in full and to release all collateral.
History: 1965, Act 332, Eff. Jan. 1, 1966
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