Mich. Comp. Laws § 445.957
Prohibited requirements.
Michigan · Michigan Compiled Laws — RENTAL-PURCHASE AGREEMENT ACT (Act 424 of 1984) · Status: effective
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- Mich. Comp. Laws § 445.957, Prohibited requirements, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1362791
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Full text
A lessor shall not require any of the following:
(a) The purchase of insurance by the lessee from the lessor of a leased item.
(b) A payment that is in excess or in addition to a normal periodic payment and that is required in order to purchase a leased item at the conclusion of the periodic payments necessary to acquire ownership.
(c) A penalty for early termination of a rental-purchase agreement or for the return of an item at any point.
(d) A processing fee of any sort.
(e) A fee for in-home collection of a payment unless the lessee has expressly agreed to the fee and the amount of the fee is disclosed.
(f) A periodic payment or late fee for a rental period beginning after the lessee has returned or surrendered the leased property to the lessor or the lessor's agent.
(g) Any charge or fee for reinstatement of the rental-purchase agreement in addition to or in excess of those expressly permitted in section 8.