{"data":{"id":"us-mi/mich.-comp.-laws-445.272","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 445.272","heading":"Reporting adverse information about cosigner; notice; response; prohibition.","body":"Sec. 2.\n\nBefore reporting adverse information about a cosigner to a consumer reporting agency as defined in the fair credit reporting act, 15 U.S.C. 1681-1681t, concerning the obligation that was cosigned or providing any information regarding the cosigner's obligation to a collection agency as defined in section 901 of the occupational code, Act No. 299 of the Public Acts of 1980, being section 339.901 of the Michigan Compiled Laws, concerning the obligation that was cosigned or taking any collection action on the obligation against the cosigner that was cosigned, other than orally communicating the information permitted in subdivision (a), a person shall do both of the following:\n\nSend to the cosigner, by first class mail, a notice indicating that the primary obligor has become delinquent or defaulted on the obligation and that the cosigner is responsible for payment of the obligation.\n\nAllow the cosigner not less than 30 days from the date that the notice was sent to respond to the notice by doing either of the following:\n\nPaying the amount then due and owing under the obligation.\n\nMaking other arrangements satisfactory to the person to whom the obligation is owed.\n\nA person shall not report adverse information regarding a cosigner if the cosigner has responded to a notice in the manner described in subsection (1)(b).","path":["MI Code","Chapter 445","Act Act-211-of-1989"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-445-272","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"355b5cb038cd369953259137f710662bba08b2059d5485f595d57719cc27eb4b","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-445.271","next":"us-mi/mich.-comp.-laws-445.273"},"notice":"GroundRules: Original legal text. Not legal advice."}