# MCL 438.31c

MCL 438.31c, “Interest charged by securities broker or dealer for carrying debit balance in customer account; written agreement…”, is an MCL section of [1966 PA 326](https://ontology.bommaritollc.com/id/01a0d565-24f3-77ce-a8d2-c2c337bdfd6f); in force.

IRI: <https://ontology.bommaritollc.com/id/01a0d566-323c-7327-a9c8-7765cb092b74>

Within: [1966 PA 326](https://ontology.bommaritollc.com/id/01a0d565-24f3-77ce-a8d2-c2c337bdfd6f)

Type: [schema:Legislation](https://schema.org/Legislation)

- `adms:identifier`: [mcl-object mcl-438-31c](https://ontology.bommaritollc.com/id/01a0d566-3241-7588-9c26-f9a8ec59ab78)
- `prov:wasDerivedFrom`: [evidence from https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-438-31c](https://ontology.bommaritollc.com/id/01a0d566-323b-74c9-929c-f23bd648e16b)
- `schema:isPartOf`: [1966 PA 326](https://ontology.bommaritollc.com/id/01a0d565-24f3-77ce-a8d2-c2c337bdfd6f)
- `schema:legislationIdentifier`: MCL 438.31c
- `schema:legislationJurisdiction`: [Michigan](https://ontology.bommaritollc.com/id/01a0ca47-57ff-7219-9e2f-cdc1b39bd0fa)
- `schema:legislationLegalForce`: [schema:InForce](https://schema.org/InForce)
- `schema:legislationType`: [MCL section](https://ontology.bommaritollc.com/vocab/leg/mclSection)
- `schema:name`: Interest charged by securities broker or dealer for carrying debit balance in customer account; written agreement for payment of interest on evidence of indebtedness; prohibitions when security is single-family dwelling unit; validity of transaction or rate of interest; limitation on rate of interest; loans to which subsection (2) applicable; mortgage loans or land contracts by lenders or vendors not qualified under subsection (5); rate of interest on purchase money mortgage or second mortgage; interest on extension of credit secured by lien on mobile home; interest not to be added or deducted in advance; computation of interest; injunction; agreement by certain parties for payment of interest; interest charged by certain trusts excepted; interest bearing deposit account; limitation; maintaining interest bearing account as condition of making mortgage loan or land contract providing for biweekly payments.
- `schema:url`: [https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-438-31c](https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-438-31c)
- `skos:prefLabel`: MCL 438.31c

## Elsewhere

- [Official page](https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-438-31c) (www.legislature.mi.gov)

## Pointing here

- Amended by (17; `eli:amends`):
  - [1970 PA 75](https://ontology.bommaritollc.com/id/01a0d565-4e7b-72fc-9fce-4db86db431b0)
  - [1971 PA 228](https://ontology.bommaritollc.com/id/01a0d565-4e7c-72cb-9bdb-eafbd502e4f5)
  - [1971 PA 94](https://ontology.bommaritollc.com/id/01a0d565-4e7c-72cb-9bdb-eaf088ca259d)
  - [1973 PA 21](https://ontology.bommaritollc.com/id/01a0d565-4e7d-764c-9678-bba5e4e47c7d)
  - [1973 PA 6](https://ontology.bommaritollc.com/id/01a0d565-4e7d-764c-9678-bb9a52ef917b)
  - [1974 PA 311](https://ontology.bommaritollc.com/id/01a0d565-4e7e-77e7-b31e-5768148f12ce)
  - [1977 PA 56](https://ontology.bommaritollc.com/id/01a0d565-4e7f-7096-87d0-50583c9d2ed6)
  - [1978 PA 440](https://ontology.bommaritollc.com/id/01a0d565-4e7f-7096-87d0-5063f99438ce)
  - [1980 PA 238](https://ontology.bommaritollc.com/id/01a0d565-4e80-7163-8963-f9c05d2e4920)
  - [1981 PA 190](https://ontology.bommaritollc.com/id/01a0d565-4e81-7011-b809-dbdb1a81f19d)
  - [1982 PA 193](https://ontology.bommaritollc.com/id/01a0d565-4e81-7011-b809-dbe6ac7aa618)
  - [1982 PA 322](https://ontology.bommaritollc.com/id/01a0d565-4e82-75c6-a352-8d5a1e79725e)
  - [1983 PA 1](https://ontology.bommaritollc.com/id/01a0d565-4e83-7317-928a-5bc420968311)
  - [1984 PA 6](https://ontology.bommaritollc.com/id/01a0d565-4e83-7317-928a-5bcfcd91f94e)
  - [1985 PA 7](https://ontology.bommaritollc.com/id/01a0d565-4e84-71d7-9937-e56e9b3f3838)
  - [1987 PA 186](https://ontology.bommaritollc.com/id/01a0d565-4e84-71d7-9937-e5796bfa9982)
  - [1990 PA 94](https://ontology.bommaritollc.com/id/01a0d565-4e85-7523-9b43-311b7be13303)
- Changed by bills (2; `schema:legislationChanges`):
  - [HB 5552 (2025-2026)](https://ontology.bommaritollc.com/id/01a0d569-deb4-76fc-9a63-63b5e31b1cb9)
  - [HB 6186 (2025-2026)](https://ontology.bommaritollc.com/id/01a0d56a-0f1f-77c6-b5b0-8972ac137f31)
- Its changes, from (1; `eli:changes`):
  - [1969 PA 305](https://ontology.bommaritollc.com/id/01a0d565-4e7a-7551-90f7-c073d0d6933b)

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Cite as: MCL 438.31c. bc-ontology, release 0.1.0-rc12, 2026-09-27. https://ontology.bommaritollc.com/id/01a0d566-323c-7327-a9c8-7765cb092b74
Release 0.1.0-rc12, graph hash a20f66b983549f220c6f061b7e40233771a06aa47a0c0aede95a2a57ee2e9553.