Section 490.215 – Administrative Hearing.
490.215 Administrative hearing. Sec. 215. (1) The commissioner shall conduct an administrative hearing under section 210 or 212 under the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328. The commissioner shall close the hearing to the public unless the commissioner, after fully considering the views of the party who is the […]
Section 490.216 – Enforcement of Notice or Order; Court Jurisdiction.
490.216 Enforcement of notice or order; court jurisdiction. Sec. 216. (1) The commissioner may apply to the circuit court of the county in which the principal office of a domestic credit union is located, or to the circuit court for Ingham county, for the enforcement of any effective and outstanding notice or order issued under […]
Section 490.217 – Person Subject to Notice or Order for Violation of Law; Prohibited Conduct; Violation as Misdemeanor; Penalty.
490.217 Person subject to notice or order for violation of law; prohibited conduct; violation as misdemeanor; penalty. Sec. 217. (1) A person who is the subject of an outstanding and effective notice or final order for a violation of section 212(1), (2), or (3), section 214, or for a violation of any other law of […]
Section 490.218 – Report From Domestic Credit Union; Requirements; Notice; Failure of Domestic Credit Union to Report by Deadline; Fine.
490.218 Report from domestic credit union; requirements; notice; failure of domestic credit union to report by deadline; fine. Sec. 218. (1) The commissioner may require any report from a domestic credit union that in the commissioner’s judgment is necessary to fully inform the commissioner about the condition of the domestic credit union. The commissioner shall […]
Section 490.219 – Delivery of Order or Written Notice; Methods.
490.219 Delivery of order or written notice; methods. Sec. 219. If the commissioner is required to serve an order or the commissioner or any person is required to provide a written notice under this act, the commissioner or person may use any delivery method reasonably calculated to give actual notice, including, but not limited to, […]
Section 490.220 – Civil Fine; Assessment; Limitation; Commencement of Action by Attorney General; Determination of Amount of Fine; Conduct of Administrative Hearing.
490.220 Civil fine; assessment; limitation; commencement of action by attorney general; determination of amount of fine; conduct of administrative hearing. Sec. 220. (1) Subject to subsection (2), if the commissioner finds that a credit union has violated this act or a rule promulgated under this act, the commissioner may assess a civil fine against the […]
Section 490.221 – Closure of Principal Place of Business or Branch; Existence of Emergency or Legal Holiday.
490.221 Closure of principal place of business or branch; existence of emergency or legal holiday. Sec. 221. (1) The director may by order require a domestic credit union to close its principal place of business or 1 or more branches if it appears to the director that the action is required because an emergency exists. […]
Section 490.208 – Application for Additional Powers by Domestic Credit Unions.
490.208 Application for additional powers by domestic credit unions. Sec. 208. (1) If 1 or more domestic credit unions apply for authority to exercise powers not specifically authorized by this act, the commissioner may by rule, order, or declaratory ruling authorize domestic credit unions to exercise those powers if the commissioner finds that those powers […]
Section 490.209 – Issuance of Subpoena by Circuit Court.
490.209 Issuance of subpoena by circuit court. Sec. 209. The commissioner may petition the circuit court for the county of Ingham or the circuit court in the jurisdiction where an examination is being conducted to issue a subpoena on behalf of the commissioner that requires the person subpoenaed to appear and testify under oath to […]
Section 490.210 – Notice of Charges; Issuance and Service; Statement of Facts; Hearing; Issuance of Cease and Desist Order; Enforcement; Violation by Foreign or Federal Credit Union.
490.210 Notice of charges; issuance and service; statement of facts; hearing; issuance of cease and desist order; enforcement; violation by foreign or federal credit union. Sec. 210. (1) If in the opinion of the director a domestic credit union is engaging, has engaged, or is about to engage in an unsafe or unsound practice in […]