{"data":{"id":"us-mi/mich.-comp.-laws-125.2057","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 125.2057","heading":"Agreements with lenders.","body":"Sec. 57.\n\nThe fund may enter into agreements with lenders for participation in the center for loan insurance. The agreements may include, but need not be limited to:\n\nAuthorization for the lender to determine, collect, and transmit to the fund a fee or premium charge within a specified range established consistent with the purposes and objectives of the fund.\n\nSpecification of whether the premium charge shall be paid by the lender, the borrower, the fund, or by a combination thereof in specified proportions.\n\nThe procedure by which a lender may make a claim upon the fund upon default by the borrower and the conditions under which a claim may be made.\n\nThe maximum amount of claims a lender may make upon the fund, which amount may be equal to, greater than, or less than the proportion of the total premiums collected by the fund which is accounted for by premiums collected by the lender.","path":["MI Code","Chapter 125","Act Act-270-of-1984"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-125-2057","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"bc49324b96513e35d0c284fb6daf8ba1b7eeaf5a4ab5a3f668610d14484e6e34","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-125.2056","next":"us-mi/mich.-comp.-laws-125.2058"},"notice":"GroundRules: Original legal text. Not legal advice."}