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, recorded from its source on 2026-08-15; source re-checked 2026-09-29.
- State
- Michigan verified
- Late-payment interest rate
- reasonable interest (capped at 7% per year by statute)
- Project types covered
- public verified
- Attorney fees recoverable
- no our reading
- Statutory citation
- Mich. Comp. Laws §§ 125.1561 et seq.
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
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/