{"data":{"id":"us-mi/mich.-comp.-laws-445.1209","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 445.1209","heading":"Home improvement installment contract; provisions as to delinquency and collection charges, court costs and attorney fees.","body":"Sec. 209.\n\nA home improvement installment contract may provide for the payment by the buyer of a delinquency and collection charge on each installment in default for a period of not less than 10 days in an amount not in excess of 5% of such installment or $5.00, whichever is less. Only 1 such delinquency and collection charge may be collected on any such installment regardless of the period during which it remains in default. A contract may also provide for the payment of court costs actually incurred and of attorney's fees not exceeding 20% of the amount due and payable under such contract if the attorney is not a salaried employee of the contractor or holder for collection.","path":["MI Code","Chapter 445","Act Act-332-of-1965"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-445-1209","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"3585d52c5fe67a5bd52b34b8a06bd0e6591b8c1619aa7c87fe6432c086cbb71d","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-445.1207","next":"us-mi/mich.-comp.-laws-445.1301"},"notice":"GroundRules: Original legal text. Not legal advice."}