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Mich. Comp. Laws § 487.2140

Enforcement and implementation of act; issuance of orders and rules; correction of inaccurate information; duties of licensee if database not operational; examination of business, books, and records

Applied in 4 court decisions — leading case People of Michigan v. William Little (2016)

Most recently applied in People of Michigan v. William Little (June 2016)

2005, Act 244, Imd

How often courts cite this section

2010201620
citing decisions per year

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.

Sec. 20. (1) The commissioner may issue orders and rules that he or she considers necessary to enforce and implement this act. The commissioner shall make a copy of any order or rule issued under this subsection available to each licensee within a reasonable time after issuance. (2) If any information previously submitted to the commissioner by a licensee under this act is no longer accurate, the licensee shall promptly file in writing with the commissioner a correction of the information. If requested by the commissioner, the licensee shall provide a written report of its business operations, including information described in subsection (3), within a reasonable time after the commissioner's request. (3) If the commissioner has not implemented a database under section 22 or the database described in that section is not fully operational, as determined by the commissioner, a licensee shall do all of the following: (a) Provide an annual written report of its business operations, including business volume and other information on the business of providing deferred presentment service transactions. (b) Every February 1, May 1, August 1, and November 1, report to the commissioner on a form prescribed by the commissioner all of the following: (i) The number of customers who during the preceding calendar quarter notified the licensee of a violation of this act. (ii) A breakdown of the number of times the licensee agreed that a violation of this act occurred and the number of times that the licensee did not agree that a violation occurred. (iii) If the licensee agreed that the violation occurred, the amount of restitution that was paid to any customer under this act. (iv) Any other information the commissioner considers necessary under this act. (4) To assure compliance with this act, the commissioner may examine the relevant business, books, and records of any licensee.

Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.