Michigan

For Michigan, late-payment interest rate is reasonable interest (capped at 7% per year by statute); project types covered is public; attorney fees recoverable is no; statutory citation is Mich. Comp. Laws §§ 125.1561 et seq, verified against its source on 2026-08-15.

State: Michigan verified
Late-payment interest rate: reasonable interest (capped at 7% per year by statute) verified
Project types covered: public verified
Attorney fees recoverable: no verified
Statutory citation: Mich. Comp. Laws §§ 125.1561 et seq. verified

Sourcelevelset.com

Verified2026-08-15

Review by2027-08-15

DatasetConstruction prompt payment act deadlines by US state — owner-to-contractor and contractor-to-subcontractor payment windows, retention release deadlines, and late-payment interest rates

What the source says

Michigan Michigan Prompt Payment Overview Michigan Prompt Payment Requirements Private Jobs Public Jobs Top Links NO

— levelset.com, retrieved 2026-08-15

Source

levelset.comhttps://www.levelset.com/prompt-payment/michigan-prompt-payment-faqs/

Last verified against source: 2026-08-15. Due for re-check by 2027-08-15. This page as Markdown · OKF bundle · full dataset as JSON.