STATE PRODUCT DISCLOSURE
MVP Cash Advance publishes only the state/product role supported by current operating and legal records. The agreement presented for a specific transaction identifies the responsible legal provider, amount, charges, payment dates and rights. This disclosure does not create an approval or replace the agreement.
Michigan uses tiered deferred-presentment fees rather than one flat percentage. Each tier used for the selected amount is shown separately, together with any current database verification fee that may lawfully be passed through.
Deferred presentment service transaction
Michigan deferred-presentment availability appears only when the current licensed product and statewide database requirements support it.
Michigan Department of Insurance and Financial Services (DIFS)
August 22, 2026 • Natalie Randrup
| Topic | Current disclosure |
|---|---|
| Maximum amount | $600. |
| Maximum term | 31 days. |
| Service fee | 15% of the first $100; 14% of the second; 13% of the third; 12% of the fourth; 11% of the fifth and sixth $100 portions. |
| $600 example | The statutory tiered service-fee formula totals $76 on a $600 transaction. |
| Open transactions | A customer may have two open deferred-presentment transactions, but not more than one with the same licensee. |
| Interest | Michigan’s deferred-presentment statute uses a service-fee structure and prohibits charging interest under the agreement. |
| Minimum term | 7 days. |
| Database verification fee | Beginning September 1, 2025, the approved database verification fee is $2.40 and may be passed to the consumer. The separate $1 DIFS transaction fee may not be passed to the consumer. |
For any amount above $100, the calculator displays the fee by tier, any current database verification fee that may lawfully be passed through to the consumer, and the total due. It also checks the customer’s open-transaction count before continuation.
MVP Cash Advance publishes only the state/product role supported by current operating and legal records. The agreement presented for a specific transaction identifies the responsible legal provider, amount, charges, payment dates and rights. This disclosure does not create an approval or replace the agreement.
Michigan Department of Insurance and Financial Services (DIFS): View source →
Return to /locations/michigan/ for the commercial product experience and calculator.
Michigan DIFS — 2025 Deferred Presentment Annual Report: View source →
Michigan consumer-finance toolkit — deferred presentment: View source →
Michigan DIFS — Overview of Deferred Presentment Fees: View source →
Last reviewed: August 22, 2026. Reviewed by Natalie Randrup — Lending Compliance & Documentation Reviewer. Re-check when law, product, privacy, messaging or location operations materially change.
This was my second time using an online loan service and this went much smoother. The online form was easy to follow and I didn’t have to guess what came next.
I used the site from my phone and didn’t run into much trouble. From application to the next step was pretty quick. For an online process, it felt pretty human and not like I was just clicking into a black box.
Needed a little breathing room and the online process was pretty smooth. I liked knowing the payment amount ahead of time instead of guessing.
This was my second time using an online loan service and this went much smoother. Did everything on my phone, which was convenient. I appreciated that I could stop and review things before moving on.
The whole thing was easier than I expected. The repayment dates were easy to follow and lined up reasonably well with my paycheck. For an online process, it felt pretty human and not like I was just clicking into a black box.
Keep your amount, state and repayment preference in view as you continue through MVP Cash Advance.
