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Chapter 493
- REGULATORY LOANS
| | Section 493.2 ‑ | Business of making loans; license required; application for license; oath; form and contents; fees; proof of net worth. |
| | Section 493.3 ‑ | Licenses; bond of applicant; approval; conditions. |
| | Section 493.4 ‑ | Investigation; findings; issuance or denial of license; notice; transcript of decision and findings. |
| | Section 493.5 ‑ | Licenses; contents; posting; transfer; assignment. |
| | Section 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. |
| | Section 493.8 ‑ | Annual establishment of fees schedule; bond; action for recovery of fees or penalties; fees nonrefundable; report; disposition and use of money received. |
| | Section 493.9 ‑ | Revocation, suspension, or surrender of license; reinstatement or issuance of new license; transcript of order. |
| | Section 493.9a ‑ | Cease and desist order; grounds; notice; failure to appear at hearing; findings; effective date and duration of order. |
| | Section 493.9b ‑ | Investigation or examination by commissioner; complaint or action; suspension of license; request for hearing; duration of suspension. |
| | Section 493.10 ‑ | Commissioner of state banking department; authority to investigate business and examine records; witnesses; examination of licensee; construction of section; disposition of fees. |
| | Section 493.11 ‑ | Books, accounts, and records of licensee; preservation and accessibility; filing financial statement with commissioner; reports. |
| | Section 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. |
| | Section 493.12a ‑ | False, misleading, deceptive, or irresponsible advertising unlawful; definition; requirements for advertising. |
| | Section 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. |
| | Section 493.12d ‑ | Action to enjoin licensee from advertising; circuit court. |
| | Section 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. |
| | Section 493.15 ‑ | Contract in compliance with retail installment sales act or home improvement finance act. |
| | Section 493.15a ‑ | Regulatory loan contract; nonperformance by borrower; advances by licensee; termination of insurance upon reinstatement of contractual duties by borrower. |
| | Section 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. |
| | Section 493.18 ‑ | Unlicensed persons; limitation on interest, discount, or consideration; applicability of act to loans made in another state or country. |
| | Section 493.22 ‑ | Amendments or repeals of act; impairment of obligation. |
| | Section 493.24 ‑ | Review of decisions and regulations; limitations; method; jurisdiction of courts. |
| | Section 493.52 ‑ | Broker, lender, or servicer; license or registration required; exemption; use of name or assumed name. |
| | Section 493.53 ‑ | Application for license or registration; form and contents. |
| | Section 493.53a ‑ | Broker, lender, or servicer; registration with commissioner; form. |
| | Section 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. |
| | Section 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. |
| | Section 493.58 ‑ | Summary suspension of license or registration; order; affidavit; service; filing request for hearing; duration of license suspension; record. |
| | Section 493.60 ‑ | Complaint; forwarding to licensee or registrant; response; investigation or administrative action. |
| | Section 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. |
| | Section 493.62 ‑ | Contracts or commitments made prior to suspension or revocation. |
| | Section 493.62a ‑ | Conservator; appointment; reimbursement of expenses; powers; termination; disposition of compensation and expenses; disbursement of funds and interest. |
| | Section 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. |
| | Section 493.64 ‑ | Order to cease and desist; issuance; conditions; notice; hearing; failure to appear as consent; service or order; effective date and enforcement. |
| | Section 493.64b ‑ | Hearing; final decision; judicial review; stay of commissioner's order. |
| | Section 493.65 ‑ | Subpoena of witnesses and evidence; oaths and affirmations; certain conduct as misdemeanor. |
| | Section 493.66 ‑ | Failure to testify or comply with subpoena; court order; contempt. |
| | Section 493.67 ‑ | Maintaining records relating to conduct of business; availability; statement of borrower's account; ledger history; obligation of servicer; fee prohibited. |
| | Section 493.68 ‑ | Documents; preservation; other books, accounts, records, and documents. |
| | Section 493.70 ‑ | Making or offering to make secondary mortgage loan; terms and conditions. |
| | Section 493.71 ‑ | Interest rate; limitation; computation; prepaid finance charge or fee. |
| | Section 493.72 ‑ | Charges and fees includable in principal; interest authorized by law; sale of insurance; hazard insurance; charges permitted by federal lending program. |
| | Section 493.73 ‑ | Instrument evidencing or securing secondary mortgage; contents. |
| | Section 493.75 ‑ | Violation of consumer credit protection act as violation of act. |
| | Section 493.77 ‑ | Violation of act; making secondary mortgage loans without license as misdemeanor; penalty; civil fine; actions. |
| | Section 493.102 ‑ | Credit card arrangement; license required; terms and conditions. |
| | Section 493.103 ‑ | Application for license; oath; form; contents; fees; net worth requirements; rules. |
| | Section 493.104 ‑ | Investigation; finding; issuance of license; refusal to issue license; expiration of license. |
| | Section 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. |
| | Section 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. |
| | Section 493.108 ‑ | Subpoena of witnesses and evidence; oaths and affirmations; noncompliance; order; contempt. |
| | Section 493.109 ‑ | Books, accounts, and records; maintenance, preservation, and availability; audit; cost. |
| | Section 493.110 ‑ | Maximum interest; computation; fee; offer of loan or credit in connection with other accounts, services, or similar agreements; prohibited conditions. |
| | Section 493.111 ‑ | Truth in lending act; disclosures, information, and notices; applicability. |
| | Section 493.112 ‑ | Wilful and intentional violation as misdemeanor; conduct barring recovery and entitling consumer to attorney fees and court costs; authorized actions. |
| | Section 493.114 ‑ | Exemptions; credit card or charge card issued prior to effective date of act. |
| Act 75 of 2009 ‑ | MORTGAGE LOAN ORIGINATOR LICENSING ACT (493.131 - 493.171) |
| | Section 493.135 ‑ | Engaging in business of mortgage loan originator; license required; exemptions; independent contractor; establishment of licensing rules and interim procedures. |
| | Section 493.137 ‑ | Application; form; fee; criminal history check; relationships or contracts with nationwide mortgage licensing system and registry; furnishing certain information; use. |
| | Section 493.139 ‑ | Issuance of mortgage loan originator license; findings; conviction. |
| | Section 493.149 ‑ | Fees; reports; penalties; deposit of money in MBLSLA fund; limitation on fee levels. |
| | Section 493.151 ‑ | Mortgage loan originators; license and registration through nationwide mortgage licensing system and registry; rules. |
| | Section 493.155 ‑ | Powers of commissioner; finding of violation or noncompliance; fine. |
| | Section 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. |
| | Section 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. |
| | Section 493.171 ‑ | Unique identifier of originator of residential mortgage loan. |
