Mich. Comp. Laws § 445.1402
Statement of payments; furnished by holder, fee.
Michigan · Michigan Compiled Laws — HOME IMPROVEMENT FINANCE ACT (Act 332 of 1965) · Status: effective
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- Mich. Comp. Laws § 445.1402, Statement of payments; furnished by holder, fee, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1362856
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Full text
At any time after its execution, but not later than 1 year after the last payment thereunder, the holder of a home improvement installment contract, upon written request of the buyer, shall give or forward to the buyer a written statement of the dates and amounts of payments and the total amount, if any, unpaid thereunder. The statement shall be supplied by the holder once each year without charge; if any additional statement is requested by the buyer, the holder shall supply each statement to the buyer at a charge not exceeding $1.00 for each additional statement supplied to the buyer. A buyer shall be given a receipt for any payment when made in cash.