Michigan — Statute

750.147a – Discrimination in extending credit, granting loan, or rating person's creditworthiness; violation; penalty; civil liability | Michigan Law

Learn about Michigan's law against credit discrimination, penalties, and civil liabilities for violations under section 750.147a.

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Michigan State Law

750.147a – Discrimination in extending credit, granting loan, or rating person's creditworthiness; violation; penalty; civil liability

Michigan Penal Code § 750.147a

Summary
Michigan law section 750.147a prohibits discrimination in extending credit, granting loans, or rating creditworthiness based on race, color, religion, national origin, marital status, sex, or physical disability. Exceptions exist for nonprofit organizations that serve members sharing specific characteristics. Violations can result in criminal penalties and civil liability.
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In simple terms: Learn about Michigan's law against credit discrimination, penalties, and civil liabilities for violations under section 750.147a.. This means people must follow this rule, and breaking it can lead to criminal penalties.

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