Act

Money transmission services act

Mich. Comp. Laws § 487.1001— Short title
Mich. Comp. Laws § 487.1002— Definitions; A to L
Mich. Comp. Laws § 487.1003— Definitions; M to T
Mich. Comp. Laws § 487.1004— Applicability of act
Mich. Comp. Laws § 487.1011— Money transmission services; license required; exception
Mich. Comp. Laws § 487.1012— License application; form; information required
Mich. Comp. Laws § 487.1013— Financial statements; net worth; qualification to do business; application fee; surety bond; aggregate liability of surety; limitation
Mich. Comp. Laws § 487.1014— Investigation; completed application; time period; issuance of license; fee; extension of time period; denial; request for hearing
Mich. Comp. Laws § 487.1015— Fee schedule; expiration and renewal of license
Mich. Comp. Laws § 487.1016— Travel expenses; recovery of fees and fines; collection; disposition
Mich. Comp. Laws § 487.1021— Information obtained in examination or investigation; disclosure prohibited
Mich. Comp. Laws § 487.1022— Joint examination or investigation
Mich. Comp. Laws § 487.1023— Changed information; filing; events requiring filing of report
Mich. Comp. Laws § 487.1024— Proposed change of control of licensee; request for approval; additional information; approval by commissioner; determination
Mich. Comp. Laws § 487.1025— Records
Mich. Comp. Laws § 487.1026— Disclosure of information
Mich. Comp. Laws § 487.1031— Permissible investments
Mich. Comp. Laws § 487.1032— Investments permitted under MCL 487.1031; limitation
Mich. Comp. Laws § 487.1033— Agreement between licensee and authorized delegate
Mich. Comp. Laws § 487.1034— Authorized delegate; prohibited conduct; duties
Mich. Comp. Laws § 487.1041— Denying, suspending, not renewing, or revoking license; placing license in receivership; revoking designation of authorized delegate; conditions
Mich. Comp. Laws § 487.1042— Violations; penalties; restitution
Mich. Comp. Laws § 487.1043— Summary suspension order
Mich. Comp. Laws § 487.1044— Cease and desist order
Mich. Comp. Laws § 487.1045— Rules
Mich. Comp. Laws § 487.1046— Civil fine
Mich. Comp. Laws § 487.1047— Order suspending or prohibiting person from being licensee and from being employed by, agent of, or control person of licensee