State Codes and Statutes

State Codes and Statutes

Statutes > Michigan > Chapter-487 > Act-250-of-2006 > Section-487-1016

MONEY TRANSMISSION SERVICES ACT (EXCERPT)
Act 250 of 2006

487.1016 Travel expenses; recovery of fees and fines; collection; disposition.

Sec. 16.

(1) In addition to any fees established by the commissioner, a licensee shall pay the actual travel, lodging, and meal expenses incurred by any agency employee who travels outside of this state to examine the records of the licensee or investigate the licensee. An agency employee who incurs expenses under this subsection shall comply with any applicable provisions of the standardized travel regulations issued by the department of management and budget and civil service commission.

(2) If any fees or fines provided for in this act are not paid when required, the commissioner may maintain an action against the licensee for the recovery of the fees or fines, interest, costs, and reasonable legal fees.

(3) The fees and civil and administrative fines collected under this act shall be paid into the state treasury to the credit of the agency and used only for the operation of the agency.


History: 2006, Act 250, Imd. Eff. July 3, 2006