Michigan law Sections 750.219f, 750.220, and 750.221 address fraudulent activities related to financial transactions and personal representations. They criminalize false statements about property valuation, indebtedness, and falsely claiming physical disabilities to obtain benefits or credit. Violations can result in misdemeanors with penalties including fines and imprisonment.
Making false statements about property valuation or indebtedness to obtain credit is a misdemeanor under Michigan law, punishable by fines or imprisonment.
Yes, falsely representing oneself as disabled to obtain aid or assistance is a misdemeanor offense in Michigan.
Fraudulent activities can result in misdemeanors with penalties including up to 1 year of imprisonment and fines up to $1,000.
The laws apply to licensed entities such as mortgage brokers, lenders, secondary mortgage loan providers, retail installment sellers, motor vehicle finance companies, and federally regulated banks.