Michigan § 554.931 - Fees; continuing care administration fund; creation; disposition; investment; money remaining at close of fiscal year; expenditures.
Full text of Michigan Michigan Compiled Laws § 554.931 — Fees; continuing care administration fund; creation; disposition; investment; money remaining at close of fiscal year; expenditures., with citation guidance and answers to common questions.
§ 554.931. Fees; continuing care administration fund; creation; disposition; investment; money remaining at close of fiscal year; expenditures.
(1) The fee for filing an application for initial registration of the offer or sale of continuing care agreements or continuing care at home agreements is $250.00. If an application for registration is withdrawn before the effective date of registration or a stop order is issued before that date, the department shall retain the following:
(a) A fee of $25.00 if the initial review has not been commenced.
(b) The full application fee if the review has commenced.
(2) The fee for filing an application for registration renewal is $100.00.
(3) The continuing care administration fund is created within the state treasury. Fees collected by the department under this act shall be deposited into the fund. The state treasurer may receive money or other assets from any source for deposit into the fund. The state treasurer shall direct the investment of the fund. The state treasurer shall credit to the fund interest and earnings from fund investments. Money in the fund at the close of the fiscal year shall remain in the fund and shall not lapse to the general fund. The department shall be the administrator of the fund for auditing purposes.
(4) The department shall expend money from the continuing care administration fund, upon appropriation, only for the purposes of administration and enforcement of this act.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 554.931
What does Michigan Compiled Laws § 554.931 cover?
Section 554.931 ("Fees; continuing care administration fund; creation; disposition; investment; money remaining at close of fiscal year; expenditures.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 554.931?
A common citation format is "Michigan Compiled Laws § 554.931" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 554.931 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.