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Michigan Supreme Court Rules on Usury Savings Clauses

Michigan Supreme Court Addresses Usury savings clauses are provisions in loan contracts that typically state that the loan agreement should not be construed to charge a usurious rate of interest. Michigan Supreme Court Usury savings clauses can be enforceable however, if used to protect lenders ....

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Michigan Supreme Court Limits Applicability of Usury Savings Clauses | Sheppard Mullin Richter & Hampton LLP

On June 23, in Soaring Pine v. Park St Grp, the Michigan Supreme Court held that under certain circumstances, a lender cannot avoid liability for charging illegally high interest rates. ....

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Real Estate Insider: Book Tower, Book Cadillac out of reach for most buyers. But what about this foreclosed Book property?

Real Estate Insider: Book Tower, Book Cadillac out of reach for most buyers. But what about this foreclosed Book property?
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Commitment Fees Might Constitute Interest Under Michigan Law | Miller Canfield

Commitment Fees Might Constitute Interest Under Michigan Law | Miller Canfield
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Michigan Law May Consider Commitment Fees as Interest

Michigan Law May Consider Commitment Fees as Interest
natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.

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