Pre-release: this release has not been published. Identifiers are permanent; descriptions may still change.
evidence from https://www.michigan.gov/difs/news-and-outreach/faq/consumer-finance/mortgage-compliance2
evidence from https://www.michigan.gov/difs/news-and-outreach/faq/consumer-finance/mortgage-compliance2 is an evidence.
https://ontology.bommaritollc.com/id/01a0e4d8-715a-7483-85de-12d2de016756
Facts
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| rdfs:comment | Mortgage Compliance FAQ: For licensees and registrants under the Mortgage Brokers, Lenders, and Servicers Licensing Act (MBLSLA), MCL 445.1651 et seq., and the Secondary Mortgage Loan Act (SMLA), MCL 493.51 et seq., the maximum annual rate of interest allowed to be charged on a mortgage loan is 25%, inclusive of finance charges (APR). |