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7 chapters · 19 sections in this title.
Mich. Comp. Laws § 438.41 Criminal usury; definition; penalty.
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Sec. 1. A person is guilty of criminal usury when, not being authorized or permitted by law to do so, he knowingly charges, takes or receives any money or other property as interest on the loan or forbearance of any money or other property, at a rate exceeding 25% at simple inter…
Mich. Comp. Laws § 438.42 Usurious loan records; possession, penalty.
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Sec. 2. A person is guilty of possession of usurious loan records when, with knowledge of the contents thereof, he possesses any writing, paper, instrument or article used to record criminally usurious transactions prohibited by this act. Any person guilty of possession of usurio…