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Center For Responsible Lending - A Resource For Predatory Lending Opponents

Legislation & Policy

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State News: Michigan

Legislation

  • Detroit Anti-Predatory Lending Ordinance
    Law number: Chapter 18, Article 15, Sections 1 through 11, 1984 Detroit City Code
    Enacted: 06/12/03

  • The Consumer Mortgage Protection Act
    Law number: Public Act 660 of 2002
    Enacted: 12/23/02

Recent Headlines

10/08/08 Granholm Pushes Lending Practices Probe
Detroit Free Press
10/08/08 States Call for Adoption of Mortgage-Loan Help
Wall Street Journal

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Congress

The 2007 Defense Authorization Bill includes an amendment mandating a 36% rate cap on loans to service members. More >

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