Current through Public Act 171 of the 2024 Legislative Session
Section 446.135 - Refund anticipation loan; certain conduct by facilitator prohibitedA facilitator that facilitates or offers to facilitate a refund anticipation loan shall not do any of the following:
(a) Require a consumer to enter into a refund anticipation loan arrangement in order to complete a tax return.(b) Misrepresent a material factor or condition of granting a refund anticipation loan.(c) Fail to process the application for a refund anticipation loan after an applicant applies for the refund anticipation loan.(d) Engage in any fraudulent transaction, practice, or course of business with any person in connection with a refund anticipation loan.Added by 2009, Act 67,s 3, eff. 7/9/2009.