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Form a Business

Payment in full; acknowledgment, release of collateral.

MCL 445.1403
in effect
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445.1403. Payment in full; acknowledgment, release of collateral. Sec. 403. After the payment of all sums for which the buyer is obligated under a home improvement installment contract and upon demand made by the buyer, the holder shall deliver, or mail to the buyer at his last known address, such 1 or more good and sufficient instruments as may be necessary to acknowledge payment in full and to release all collateral. 1965, Act 332, Eff. Jan. 1, 1966
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-445-1403Fetched: 10/20/2026

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