446.117 Information to be disclosed before entering agreement.
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/mi/chapter-446/446-117A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
446.117 Information to be disclosed before entering agreement.
Sec. 7.
Before entering into a refund anticipation loan agreement, the facilitator shall clearly disclose both of the following to the taxpayer:
(a)The estimated total fees for the refund anticipation loan.
(b)The estimated annual percentage rate for the refund anticipation loan.
History: 2009, Act 66 , Imd. Eff. July 9, 2009