{"data":{"id":"us-mi/mich.-comp.-laws-550.1214","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 550.1214","heading":"Rate of interest.","body":"Sec. 214.\n\nA health care corporation may by agreement in writing, and not otherwise, agree to pay a rate of interest in excess of the legal rate, and in that case, the defense of usury is prohibited.","path":["MI Code","Chapter 550","Act Act-350-of-1980"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-550-1214","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"8234bd324253f6bce580be2f4d02076331a1736c6d996b3aee8e203f2bf4841b","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-550.1213","next":"us-mi/mich.-comp.-laws-550.1215"},"notice":"GroundRules: Original legal text. Not legal advice."}