Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is a customer required to come into a licensed branch location to enter into and sign the written repayment plan?

April 26, 2017branch customer enter licensed location repayment written

0

Posted

Is a customer required to come into a licensed branch location to enter into and sign the written repayment plan?

2 Answers

0

Posted

Section 35(2), MCL 487.2155(2) provides for a “written repayment plan.

0

Posted

Section 35(2), MCL 487.2155(2) provides for a “written repayment plan.” A request for a repayment plan can be either verbal or in writing, but the actual repayment plan agreement must be in writing, and would not be effective until signed by both parties