Eric Bergeron

Eric Bergeron

Miller Canfield

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Commitment Fees Might Constitute Interest Under Michigan Law

Lenders often include fees in loan transactions in addition to an interest rate. Typically such fees are not considered interest, as they compensate the lender for various services or commitments provided under the loan...more

6/17/2021  /  Banking Sector , Consumer Lenders , Fees , Interest Rates , Lenders , Loan Agreements , Loan Documentation , Subprime Loans , Usury
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