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

Mich. Comp. Laws § 550.1214: Rate of interest.

Where this section sits in the code

MI Code
Chapter 550
Act Act-350-of-1980

Sec. 214.

A health care corporation may by agreement in writing, and not otherwise, agree to pay a rate of interest in excess of the legal rate, and in that case, the defense of usury is prohibited.

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

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