Michigan Laws 446.135 – Refund anticipation loan; certain conduct by facilitator prohibited
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Terms Used In Michigan Laws 446.135
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
A facilitator that facilitates or offers to facilitate a refund anticipation loan shall not do any of the following:
(a) Require a consumer to enter into a refund anticipation loan arrangement in order to complete a tax return.
(b) Misrepresent a material factor or condition of granting a refund anticipation loan.
(c) Fail to process the application for a refund anticipation loan after an applicant applies for the refund anticipation loan.
(d) Engage in any fraudulent transaction, practice, or course of business with any person in connection with a refund anticipation loan.