Waivers and burden of proof

Act 150 of 1992, § 9, under CREDIT SERVICES ACT.

Act 150 of 1992, § 9

Section 9. Waivers and burden of proof.

(a) Waiver.--Any waiver by a buyer or borrower of the provisions of this act shall be deemed contrary to public policy and shall be void and unenforceable. Any attempt by a credit services organization or a loan broker to have a buyer or borrower waive rights given by this act shall constitute a violation of this act.

(b) Burden of proof.--In any proceeding involving this act, the burden of proving an exemption or an exception from a definition is upon the person claiming it.