State Codes and Statutes
Statutes > Michigan > Chapter-487 > Act-244-of-2005 > 244-2005-2 > Section-487-2141DEFERRED PRESENTMENT SERVICE TRANSACTIONS ACT (EXCERPT)
Act 244 of 2005
487.2141 Books, accounts, and records; preservation.
Sec. 21.
Each licensee shall keep and use in its business any books, accounts, and records the commissioner requires under this act. A licensee shall preserve the books, accounts, and records for at least 3 years, unless applicable state or federal law concerning record retention requires a longer retention period.
History: 2005, Act 244, Imd. Eff. Nov. 28, 2005
