Section 493.22 – Amendments or Repeals of Act; Impairment of Obligation.
493.22 Amendments or repeals of act; impairment of obligation. Sec. 22. This act or any part thereof may be modified, amended, or repealed so as to effect a cancellation or alteration of any license or right of a licensee hereunder, provided that such cancellation or alteration shall not impair or affect the obligation of any […]
Section 493.23 – Repealed. 1991, Act 14, Eff. Oct. 1, 1991.
493.23 Repealed. 1991, Act 14, Eff. Oct. 1, 1991. Compiler’s Notes: The repealed section pertained to licensees under former act.
Section 493.24 – Review of Decisions and Regulations; Limitations; Method; Jurisdiction of Courts.
493.24 Review of decisions and regulations; limitations; method; jurisdiction of courts. Sec. 24. Any applicant under section 4 of this act or any licensee, being dissatisfied with any rule, regulation, order, demand, ruling, or finding (hereinafter in this section referred to as an order) whatsoever, made by the commissioner under and by virtue of the […]
Section 493.25 – Repealed. 2001, Act 270, Imd. Eff. Jan. 11, 2002.
493.25 Repealed. 2001, Act 270, Imd. Eff. Jan. 11, 2002. Compiler’s Notes: The repealed section pertained to certified copy of order as evidence.
Section 493.26 – Repealed. 1991, Act 14, Eff. Oct. 1, 1991.
493.26 Repealed. 1991, Act 14, Eff. Oct. 1, 1991. Compiler’s Notes: The repealed section contained a repealer and saving clause.
Section 493.18 – Unlicensed Persons; Limitation on Interest, Discount, or Consideration; Applicability of Act to Loans Made in Another State or Country.
493.18 Unlicensed persons; limitation on interest, discount, or consideration; applicability of act to loans made in another state or country. Sec. 18. (1) A person, except as authorized by this act, shall not directly or indirectly charge, contract for, or receive an interest, discount, or consideration greater than the lender would be permitted by law […]
Section 493.19 – Violation as Misdemeanor; Penalty.
493.19 Violation as misdemeanor; penalty. Sec. 19. (1) A person, including a member, officer, director, agent, or employee of a licensee, who violates or participates in the violation of section 1, 12, 13, 14, or 18 is guilty of a misdemeanor punishable by a fine of not more than $500.00, or imprisonment for not more […]
Section 493.20 – Businesses Exempt From Act.
493.20 Businesses exempt from act. Sec. 20. This act shall not apply to any person doing business under and as permitted by any law of this state or of the United States relating to banks, savings banks, industrial banks, trust companies, building and loan associations, or credit unions, nor to any business transacted under any […]
Section 493.21 – Enforcement of Act; Rules.
493.21 Enforcement of act; rules. Sec. 21. The commissioner may promulgate rules that are necessary for the administration and enforcement of this act under the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328. History: 1939, Act 21, Eff. Sept. 29, 1939 ;– CL 1948, 493.21 ;– Am. 1971, Act 168, Eff. […]
Section 493.12c – False, Misleading, Deceptive, or Irresponsible Advertising; Report to Attorney General; Action to Restrain by Temporary or Permanent Injunction; Costs; Civil Penalty; Notice to Licensee; Assurance of Discontinuance; Violation Subject to Civil Penalty; Jurisdiction, Continuance of Cause, and Petition for Recovery of Civil Penalty; Effect of Action or Failure to Act by Commissioner.
493.12c False, misleading, deceptive, or irresponsible advertising; report to attorney general; action to restrain by temporary or permanent injunction; costs; civil penalty; notice to licensee; assurance of discontinuance; violation subject to civil penalty; jurisdiction, continuance of cause, and petition for recovery of civil penalty; effect of action or failure to act by commissioner. Sec. 12c. […]