{"data":{"id":"us-mi/mich.-comp.-laws-445.859","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 445.859","heading":"Installment contract or retail charge agreement; delinquency and collection charge.","body":"Sec. 9.\n\nThe holder of an installment contract or retail charge agreement, or retail charge agreement including a contract subject to section 23, if it so provides, may collect a delinquency and collection charge on each installment in default for a period of more than 10 days. A delinquency and collection charge is not a liquidated damage.","path":["MI Code","Chapter 445","Act Act-224-of-1966"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-445-859","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"c44977c0421ce5342db25c1ef64351ef60b6fcd98b2a55830b3da6421e19b3bc","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-445.858","next":"us-mi/mich.-comp.-laws-445.860"},"notice":"GroundRules: Original legal text. Not legal advice."}