Sec. 10. Upon written request of the buyer, the holder of a retail installment contract shall give or forward to the buyer a written statement of the dates and amounts of payments and the total amount unpaid under the contract. A buyer shall be given a written receipt for any payment when made in cash. The statement or receipt shall be given the buyer once without charge; if any additional statement is requested by the buyer, it shall be supplied by the holder at a charge not in excess of $1.00 for each additional statement or receipt so supplied.
Mich. Comp. Laws § 445.860
Retail installment contracts; statement of dates, payments and unpaid balances; receipt
Applied in 1 court decision — leading case 132 Mich. App. 774 - Boyd v. Nelson Credit Centers, Inc (1984)
Most recently applied in 132 Mich. App. 774 - Boyd v. Nelson Credit Centers, Inc (March 1984)
1966, Act 224, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.