State Codes and Statutes

State Codes and Statutes

Statutes > Michigan > Chapter-487 > Act-161-of-1988

Section 487.2051 - Short title.
Section 487.2052 - Definitions.
Section 487.2053 - License required to engage in business activity; exceptions.
Section 487.2054 - License application.
Section 487.2055 - License fee; investigation fee; financial statements; net worth requirements.
Section 487.2056 - Surety bond or letter of credit.
Section 487.2057 - Investigation of license applicant by commissioner; issuance and delivery of license; expiration of license; renewal of license; fee; penalty for delinquent payment.
Section 487.2058 - License certificate; availability of copy; transferability; changing name or place of business; operating one place of business under same license; additional place of business; cea
Section 487.2059 - Compliance; exemption of licensee from certain provisions of financial licensing acts; purchase of certain contracts; loans; employment of individual as loan officer to originate mo
Section 487.2060 - Suspension or revocation of license; notice; hearing; determination; appeal; grounds for suspending, revoking, or refusing to renew license; suspension or revocation of activities;
Section 487.2060a - Request for reconsideration.
Section 487.2060b - Hearing; judicial review.
Section 487.2060c - Enforcement of notice or order.
Section 487.2060d - Summary suspension; order; hearing; record.
Section 487.2060e - Summary suspension order, cease and desist order, or injunctive relief as additional legal action.
Section 487.2060f - Investigation or examination by commissioner; complaint or action; suspension of license; request for hearing; duration of suspension.
Section 487.2060g - Fraud or money laundering; definitions.
Section 487.2060h - Hearing; decision; findings; judicial review; stay.
Section 487.2060i - Enforcement of order; jurisdiction.
Section 487.2060j - Violation as misdemeanor; penalty.
Section 487.2060k - Violation of order; exceptions.
Section 487.2061 - Annual schedule of fees; fees nonrefundable; action for recovery of fees or penalties; disposition of money received.
Section 487.2062 - Investigation of business activities; examination of books, accounts, records, and files; additional reports; audit and management letter.
Section 487.2063 - Repealed. 1999, Act 275, Imd. Eff. Jan. 5, 2000.
Section 487.2064 - Records.
Section 487.2065 - Annual report; failure to file report; penalty.
Section 487.2066 - Conservatorship or receivership.
Section 487.2066a - Licensee engaged in loan servicing activities; appointment of conservator or receiver.
Section 487.2066b - Powers and duties of conservator or receiver.
Section 487.2067 - Prohibited activities or practices.
Section 487.2068 - Rules.
Section 487.2069 - Obligation of contract party not impaired or affected.
Section 487.2070 - Action by person, county prosecuting attorney, or attorney general.
Section 487.2071 - Effective date.
Section 487.2072 - Conditional effective date.