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Mich. Comp. Laws § 493.102

Credit card arrangement; license required; terms and conditions.

Michigan · Michigan Compiled Laws — CREDIT CARD ARRANGEMENTS (Act 379 of 1984) · Status: effective

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Mich. Comp. Laws § 493.102, Credit card arrangement; license required; terms and conditions, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1367050
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(1) Except for a person licensed under the consumer financial services act, a person shall not make or negotiate, or offer to make or negotiate, a credit card arrangement unless that person is licensed as provided in this act. (2) A licensee shall not make or offer to make a credit card arrangement except on the terms and conditions authorized by this act and the rules promulgated under this act.