Michigan Code — REGULATORY.LOANS
Browse 112 sections in division REGULATORY.LOANS of the Michigan code. Each section page includes the full statutory text, official source links, and citation guidance.
Sections (showing up to 300)
- § 493.1. Short title; definitions.
- § 493.2. Business of making loans; license required; application for license; oath; form and contents; fees; proof of net worth.
- § 493.3. Licenses; bond of applicant; approval; conditions.
- § 493.4. Investigation; findings; issuance or denial of license; notice; transcript of decision and findings.
- § 493.5. Licenses; contents; posting; transfer; assignment.
- § 493.6. Net worth; additional bond; filing.
- § 493.7. Changing name or place of business; procedure; activities at more than 1 place of business; ceasing to engage in activities subject to act.
- § 493.8. Annual establishment of fees schedule; bond; action for recovery of fees or penalties; fees nonrefundable; report; disposition and use of money received.
- § 493.9. Revocation, suspension, or surrender of license; reinstatement or issuance of new license; transcript of order.
- § 493.9a. Cease and desist order; grounds; notice; failure to appear at hearing; findings; effective date and duration of order.
- § 493.9b. Investigation or examination by commissioner; complaint or action; suspension of license; request for hearing; duration of suspension.
- § 493.9c. Fraud.
- § 493.9d. Hearing; decision; findings; judicial review; stay.
- § 493.9e. Enforcement of order; jurisdiction.
- § 493.9f. Violation as misdemeanor; penalty.
- § 493.9g. Violation of order; exceptions.
- § 493.10. Commissioner of state banking department; authority to investigate business and examine records; witnesses; examination of licensee; construction of section; disposition of fees.
- § 493.11. Books, accounts, and records of licensee; preservation and accessibility; filing financial statement with commissioner; reports.
- § 493.12. Statements or representations by licensee; lien on real estate; confession of judgment or power of attorney prohibited; note or evidence of indebtedness; blanks; discrimination on basis of sex or marital status prohibited; knowingly permitting person to violate order; fee; conditions.
- § 493.12a. False, misleading, deceptive, or irresponsible advertising unlawful; definition; requirements for advertising.
- § 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.
- § 493.12d. Action to enjoin licensee from advertising; circuit court.
- § 493.13. Limitation on amount of loan and interest charge; obligation under more than 1 loan contract; computation and payment of charges; loan processing fee; fees; amount other than or in excess of charges permitted by act; penalties; “open-end credit” defined.
- § 493.13a. Credit life insurance; other insurance.
- § 493.14. Licensee; duties.
- § 493.14a. Compliance with federal consumer credit protection act.
- § 493.15. Contract in compliance with retail installment sales act or home improvement finance act.
- § 493.15a. Regulatory loan contract; nonperformance by borrower; advances by licensee; termination of insurance upon reinstatement of contractual duties by borrower.
- § 493.17. Assignment or order for payment of compensation to secure loan invalid; validity of chattel mortgage or lien on household goods; married borrower; signatures; written assent of spouse.
- § 493.18. Unlicensed persons; limitation on interest, discount, or consideration; applicability of act to loans made in another state or country.
- § 493.19. Violation as misdemeanor; penalty.
- § 493.20. Businesses exempt from act.
- § 493.21. Enforcement of act; rules.
- § 493.22. Amendments or repeals of act; impairment of obligation.
- § 493.24. Review of decisions and regulations; limitations; method; jurisdiction of courts.
- § 493.51. Short title; definitions.
- § 493.52. Broker, lender, or servicer; license or registration required; exemption; use of name or assumed name.
- § 493.53. Application for license or registration; form and contents.
- § 493.53a. Broker, lender, or servicer; registration with commissioner; form.
- § 493.54. Fees.
- § 493.55. Investigation; issuance or refusal to issue license.
- § 493.56. License or registration; filing application or renewal; bond or letter of credit; claims filed against proof of financial responsibility; maintenance of net worth; determination; assets excluded from computation.
- § 493.56a. Registration or license; expiration; renewal; filing financial statement; exemption; fees; failure to submit reports or fees; disposition of money received; "MBLSLA fund" defined; limitation on fees; annual report; additional reports; false statement as felony.
- § 493.56b. Powers of commissioner.
- § 493.58. Summary suspension of license or registration; order; affidavit; service; filing request for hearing; duration of license suspension; record.
- § 493.59. Order in addition to other legal actions.
- § 493.60. Complaint; forwarding to licensee or registrant; response; investigation or administrative action.
- § 493.61. Suspension, revocation, or refusal to issue or renew license or registration; notice; hearing; findings; facts or conditions; surrender of license or registration; preexisting contract not affected; lost or destroyed license or registration certificate.
- § 493.62. Contracts or commitments made prior to suspension or revocation.
- § 493.62a. Conservator; appointment; reimbursement of expenses; powers; termination; disposition of compensation and expenses; disbursement of funds and interest.
- § 493.63. Duration of license or registration; reinstatement of suspended license or registration; issuing new license or registration; consent required for transfer or assignment; requirements for transfer.
- § 493.64. Order to cease and desist; issuance; conditions; notice; hearing; failure to appear as consent; service or order; effective date and enforcement.
- § 493.64a. Fraud.
- § 493.64b. Hearing; final decision; judicial review; stay of commissioner's order.
- § 493.64c. Enforcement of order; jurisdiction.
- § 493.64d. Violation as misdemeanor; penalty.
- § 493.64e. Violation of order; exceptions.
- § 493.65. Subpoena of witnesses and evidence; oaths and affirmations; certain conduct as misdemeanor.
- § 493.66. Failure to testify or comply with subpoena; court order; contempt.
- § 493.67. Maintaining records relating to conduct of business; availability; statement of borrower's account; ledger history; obligation of servicer; fee prohibited.
- § 493.68. Documents; preservation; other books, accounts, records, and documents.
- § 493.70. Making or offering to make secondary mortgage loan; terms and conditions.
- § 493.71. Interest rate; limitation; computation; prepaid finance charge or fee.
- § 493.72. Charges and fees includable in principal; interest authorized by law; sale of insurance; hazard insurance; charges permitted by federal lending program.
- § 493.73. Instrument evidencing or securing secondary mortgage; contents.
- § 493.74. Licensee or registrant; prohibited conduct.
- § 493.75. Violation of consumer credit protection act as violation of act.
- § 493.76. Advertising; prohibited conduct.
- § 493.77. Violation of act; making secondary mortgage loans without license as misdemeanor; penalty; civil fine; actions.
- § 493.78. Rules.
- § 493.79. Construction of act; applicability.
- § 493.79a. Applicability of act to nonprofit corporation.
- § 493.80. Persons permitted to make secondary mortgage loans.
- § 493.81. Powers and duties of attorney general.
- § 493.131. Short title.
- § 493.133. Definitions.
- § 493.135. Engaging in business of mortgage loan originator; license required; exemptions; independent contractor loan processor or underwriter; establishment of licensing rules and interim procedures.
- § 493.135a. Registered mortgage loan originator; temporary authority; requirements; time period; "state" defined.
- § 493.135b. Out of state license; temporary authority; requirements; time period; "state" defined.
- § 493.135c. Temporary authority; subject to laws of this state.
- § 493.137. Application; form; fee; criminal history check; relationships or contracts with nationwide mortgage licensing system and registry; furnishing certain information; use.
- § 493.139. Issuance of mortgage loan originator license; findings; conviction.
- § 493.141. Prelicensing education requirements.
- § 493.143. Qualified written test.
- § 493.145. Annual renewal; expiration; reinstatement.
- § 493.147. Continuing education requirements.
- § 493.149. Fees; reports; penalties; deposit of money in MBLSLA fund; limitation on fee levels.
- § 493.151. Mortgage loan originators; license and registration through nationwide mortgage licensing system and registry; rules.
- § 493.153. Process for challenging information entered.
- § 493.155. Powers of commissioner; finding of violation or noncompliance; fine.
- § 493.157. Fraud; notice of intent to prohibit licensure; contents; hearing; order; service; application to terminate order; imminent threat of financial loss to customers; conviction of felony; mailing of notice or issued to employer or principal; decision; judicial review; enforcement; violation of final order; "fraud" defined.
- § 493.159. Surety bond.
- § 493.161. Privacy or confidentiality of information or material.
- § 493.163. Investigations and examinations; access to books and records; reports; control of access to documents or records; duties and authority of commissioner; prohibited conduct by licensed mortgage loan originator or person subject to investigation.
- § 493.165. Licensed mortgage loan originator; prohibited conduct.
- § 493.167. Reports of condition.
- § 493.169. Report of violations; rules.
- § 493.171. Unique identifier of originator of residential mortgage loan.
- § 493.101. Definitions.
- § 493.102. Credit card arrangement; license required; terms and conditions.
- § 493.103. Application for license; oath; form; contents; fees; net worth requirements; rules.
- § 493.104. Investigation; finding; issuance of license; refusal to issue license; expiration of license.
- § 493.105. Duties of commissioner upon refusal to issue license.
- § 493.106. Suspension, revocation, or refusal to renew license; notice; grounds; surrender of license; duration of license; reinstatement or issuance of new license; preexisting lawful contracts.
- § 493.107. Investigations and examination of books, accounts, records, and files; electronic data processing not prohibited; establishment of annual fee schedule; fees nonrefundable; penalty; disposition and use of fees and expenses; action for recovery of fees or expenses.
- § 493.108. Subpoena of witnesses and evidence; oaths and affirmations; noncompliance; order; contempt.
- § 493.109. Books, accounts, and records; maintenance, preservation, and availability; audit; cost.
- § 493.110. Maximum interest; computation; fee; offer of loan or credit in connection with other accounts, services, or similar agreements; prohibited conditions.
- § 493.111. Truth in lending act; disclosures, information, and notices; applicability.
- § 493.112. Wilful and intentional violation as misdemeanor; conduct barring recovery and entitling consumer to attorney fees and court costs; authorized actions.
- § 493.113. Rules.
- § 493.114. Exemptions; credit card or charge card issued prior to effective date of act.