Michigan — Statute

750.219f – Forwarding loan or accessing loan proceeds in violation of chapter; violation as felony; penalty; exception; “financial institution” defined | Michigan Law

Michigan law 750.219f makes it a felony to knowingly forward or possess loan applications or instruments obtained illegally, with specific exceptions for financial institutions.

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Michigan State Law

750.219f – Forwarding loan or accessing loan proceeds in violation of chapter; violation as felony; penalty; exception; “financial institution” defined

Michigan Penal Code § 750.219f

Summary
Michigan law section 750.219f prohibits individuals from knowingly forwarding or possessing applications and instruments related to loan proceeds obtained through violations of the chapter. Violations are classified as felonies with penalties up to 4 years in prison or a $100,000 fine. Certain exceptions apply to financial institutions and their affiliates when acting within specific circumstances.
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In simple terms: Michigan law 750.219f makes it a felony to knowingly forward or possess loan applications or instruments obtained illegally, with specific exceptions for financial institutions.. This means people must follow this rule, and breaking it can lead to criminal penalties.

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