Sec. 11. (1) The commissioner shall exercise general supervision and control over mortgage brokers, mortgage lenders, and mortgage servicers doing business in this state. (2) In addition to the other powers granted to the commissioner by this act, the commissioner shall have all of the following powers: (a) To promulgate reasonable rules under the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328, as necessary to implement and administer this act. (b) To deny an application for a license or registration. (c) To conduct examinations and investigations of any person as necessary for the efficient enforcement of this act and the rules promulgated under this act. (d) To advise the attorney general or the prosecuting attorney of a county in which a mortgage broker, mortgage lender, or mortgage servicer is conducting business that the commissioner believes a licensee, registrant, or other person is violating this act. The attorney general or prosecuting attorney may take appropriate legal action to enjoin the operation of the business of the mortgage broker, mortgage lender, or mortgage servicer or prosecute violations of this act. (e) To bring an action in the Ingham county circuit court in the name and on behalf of this state against a licensee, registrant, or any other person that is participating in, or about to participate in, any unsafe or injurious practice or act in violation of this act or a rule promulgated under this act, to enjoin the person from participating in or continuing the practice or engaging in the act. (f) To order a person to cease and desist from a violation of this act or a rule promulgated under this act under section 16. (g) To suspend or revoke a license or registration under section 29. (h) To require that restitution be made under section 29. (i) To assess a civil fine under section 29. (j) To censure a licensee or registrant. (k) To issue an order to prohibit a person from being employed by, an agent of, or control person of a licensee or registrant under section 18a.
Mich. Comp. Laws § 445.1661
Powers of commissioner generally
Applied in 3 court decisions — leading case Cuomo v. Clearing House Ass'n, LLC (2009)
Most recently applied in 700 F. Supp. 2d 832 - Yaldu v. Bank of America Corp. (March 2010)
1987, Act 173, Imd
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.