Section 487.3504 Receipt of Consideration or Gratuity Prohibited.

MI Comp L § 487.3504 (2019) (N/A)
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Sec. 504.

An officer, director, or employee of a savings bank shall not receive any consideration or gratuity from a borrower for procuring a loan from the savings bank.

History: 1996, Act 354, Imd. Eff. July 1, 1996