Michigan — Statute

750.219 – Financial condition; false statements | Michigan Law

Learn about Michigan law 750.219 on false financial statements and the penalties for fraudulently obtaining credit or loans.

Legal Content

Michigan State Law

750.219 – Financial condition; false statements

Michigan Penal Code § 750.219

Summary

Michigan Penal Code Section 750.219 criminalizes making false written statements about one's or a firm's financial condition to banking or business entities to obtain loans or credit. It also covers procuring credit based on previously false statements. Violators face misdemeanor charges with penalties up to one year in jail or a $1,000 fine.

Frequently Asked Questions

Why Attorneys Choose FlawFinder

Side-by-side with Westlaw and LexisNexis

Feature	FlawFinder	Westlaw	LexisNexis
Monthly price	$19 - $99	$133 - $646	$153 - $399
Contract	None	1-3 year min	1-6 year min
Hidden fees	$0, always	Up to $469/search	$25/mo + per-doc
Police SOPs	✓ 310+ departments	✗	✗
Zero-hallucination AI	✓ CitationGuard	✗	✗
Cancel	One click	Termination fees	No option to cancel

Explain Like I'm 5

In simple terms: Learn about Michigan law 750.219 on false financial statements and the penalties for fraudulently obtaining credit or loans.. This means people must follow this rule, and breaking it can lead to criminal penalties.