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Michigan Legislature
Michigan Compiled Laws Complete Through PA 578 of 2018
House: Adjourned until Tuesday, April 9, 2019 1:30:00 PM

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Act 299 of 1980
Article 9

Section 339.901SectionDefinitions.
Section 339.902SectionCollection practices board; creation.
Section 339.903SectionPretended purchase or assignment of account; applicability of article.
Section 339.904SectionCollection agency; license required for each place of business; exceptions to licensing requirement of subsection (1); qualifications of applicant.
Section 339.905SectionRepealed. 1988, Act 463, Eff. Sept. 1, 1989.
Section 339.906SectionCollection agency; license nontransferable; notification of changes in corporate structure, partnership, name, or address.
Section 339.907SectionCorporate surety or cash bond; action on bond; aggregate liability; cancellation of bond.
Section 339.908Section“Owner manager” defined; personal supervision of collection agency by licensed collection agency manager or owner manager; notice; limitation.
Section 339.909SectionSeparate trust account; maintenance by collection agency; designation as trust account; disbursements and withdrawals.
Section 339.910SectionBooks, accounts, and records; use; preservation; accessibility; annual report; financial report of trust account; audit; information provided to director exempt from disclosure; exception; compliance attestation report.
Section 339.911SectionCollection agency manager's license or collection agency license; requirements.
Section 339.912SectionApplicant for collection agency manager's license; written examination.
Section 339.913SectionCollection agency manager's license; display.
Section 339.914SectionRepealed. 1996, Act 151, Imd. Eff. Mar. 25, 1996.
Section 339.915SectionLicensee; prohibited acts.
Section 339.915aSectionLicensee; additional prohibited acts; section construed; "affiliate" defined.
Section 339.916SectionAction for damages or other equitable relief; recovery; civil penalty; attorney's fees and court costs.
Section 339.917SectionConduct of licensee subject to penalties.
Section 339.918SectionCommunication with consumer; notice; effect of disputing validity of debt; verification of debt; failure to dispute validity of debt.
Section 339.919SectionCommunication with person other than debtor; location information.
Section 339.920SectionTaking possession of assets, books, and records of licensee for purpose of liquidating business or other relief; application for court order; notice.
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