Michigan Laws 487.2069 – Obligation of contract party not impaired or affected
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Terms Used In Michigan Laws 487.2069
- Contract: A legal written agreement that becomes binding when signed.
- Financial licensing acts: means this act; the regulatory loan act, 1939 PA 21, MCL 493. See Michigan Laws 487.2052
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
This act shall not be construed to impair or affect the obligation of any party to a contract entered into under a provision of the financial licensing acts.