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Michigan · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Mich. Comp. Laws § 445.957: Prohibited requirements.

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Where this section sits in the code
  1. MI Code
  2. Chapter 445
  3. Act Act-424-of-1984

Sec. 7.

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.

Collected 2026-09-14T18:32:31Z. Source file · JSON

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