Michigan Compiled Laws
Mich. Comp. Laws § 488.31 (2026)
Effective date.
✓ current as of July 2026
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ELECTRONIC FUNDS TRANSFERS
Act 322 of 1978
488.31 Effective date.
Sec. 31.
This act shall take effect January 1, 1979.
History: 1978, Act 322, Eff. Jan. 1, 1979
Notes of Decisions
Cited in 1
case, 2002–2002 · leading case: Corradini v. Corradini (In Re Corradini), 276 B.R. 571 (Bankr. W.D. Mich. 2002).
Corradini v. Corradini (In Re Corradini), 276 B.R. 571 (Bankr. W.D. Mich. 2002). “Michigan usury law provides that “it shall be lawful for the parties to stipulate in writing for the payment of any rate of interest, not exceeding 7% per annum,” Mich. Comp. Laws Ann. § 488.31 (West 1995) (emphasis added).”
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