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Form a Business

Loan eligibility; correcting records and recovering overpayments.

MCL 38.1688
in effect
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38.1688. Loan eligibility; correcting records and recovering overpayments. Sec. 8. (1) This act is not intended to prohibit a member or retirant from receiving a loan from the retirement system if the retirement system concludes that the member or retirant is otherwise eligible for a loan. (2) Nothing in this act shall prevent a retirement system administrator from correcting records and seeking to recover overpayments that the retirement system made to a retirant or member. 2002, Act 100, Imd. Eff. Mar. 27, 2002
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-38-1688Fetched: 10/20/2026

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