Michigan Laws > Chapter 438 > Act 11 of 1869 – Interest On Due and Unpaid Interest


§ 438.101	Interest on due and unpaid interest; rate

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Contract: A legal written agreement that becomes binding when signed.
Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
judgment: as used in this act , includes decree. See Michigan Laws 600.112
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Plaintiff: The person who files the complaint in a civil lawsuit.