{"data":{"id":"us-mi/mich.-comp.-laws-438.152","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 438.152","heading":"Interest valid in this state; defense of usury not available.","body":"Sec. 2.\n\nNo plea of usury, nor defense founded upon an allegation of usury, shall be sustained in any court in this State, nor shall any security be held invalid on an allegation of usury, where the rate of interest reserved, discounted or taken, does not exceed that allowed by the laws of this State, in consequence of such security being payable in a State, kingdom or country where such rate of interest is not allowed.","path":["MI Code","Chapter 438","Act Act-140-of-1861"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-438-152","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"03936c786acf0048ddc557e7c2c9251278b4485cfe5addf0faf69dbb59d62b60","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-438.151","next":"us-mi/mich.-comp.-laws-438.153"},"notice":"GroundRules: Original legal text. Not legal advice."}