Michigan debt collection laws
April 14, 2008 | Michigan, industry, regulation, states | Comments (0)Nitzkin & Associates’ debt collection blawg often contains interesting pieces regarding debt collection regulations and the lending industry in general. Today’s post is no exception and contains some food for thought comparing the difference in Michigan debt collection laws regarding bad checks written to most businesses versus bad checks to payday loan companies.
Essentially, the blog notes that while most companies that receive a bad check can take the writer to court, payday loan companies face a number of restrictions in recovering the debt.
Read the whole post here.
