{"data":{"id":"us-mi/mich.-comp.-laws-487.3504","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 487.3504","heading":"Receipt of consideration or gratuity prohibited.","body":"Sec. 504.\n\nAn officer, director, or employee of a savings bank shall not receive any consideration or gratuity from a borrower for procuring a loan from the savings bank.","path":["MI Code","Chapter 487","Act Act-354-of-1996"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-3504","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"54e88ad4677c981d8d7a0460992c585b0cc29cb9d8bfc72702bb60c1d5220064","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-487.3503","next":"us-mi/mich.-comp.-laws-487.3505"},"notice":"GroundRules: Original legal text. Not legal advice."}