Illegal payday loans.
Date: Tue, 05/16/2006 - 12:58
Hi can anyone tell me where i can find definitive information on the legality of payday loans in michigan. I checked out some of these postings and some say they are banned in michigan. Does anyone have any info regarding this.
No they are not banned, but as of June 1, 2006 they are required
No they are not banned, but as of June 1, 2006 they are required to be licensed, and will be more regulated.
Go to:
www.michigan.gov/ofis
Payday loans will remain legal, but regulated here in Michigan.
Payday loans will remain legal, but regulated here in Michigan.
