{"data":{"id":"us-mi/mich.-comp.-laws-487.14201","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 487.14201","heading":"Loans and credit extensions; interest and charges.","body":"Sec. 4201.\n\nA bank may collect interest and charges on loans and extensions of credit as permitted by the laws of this state or of the United States to any person.\n\nA bank may charge a discount on obligations purchased by the bank.","path":["MI Code","Chapter 487","Act Act-276-of-1999"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-14201","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"aa4735f6bcc6ba25b46e877604e38e02c07b0d2241ac2ea5d40e55d8e91b5308","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-487.14111","next":"us-mi/mich.-comp.-laws-487.14202"},"notice":"GroundRules: Original legal text. Not legal advice."}