MCL - Index of Act 250 of 2006
NOTE: Dates reflect any modification to item, not necessarily a change in law.
| Title | Subject |
|---|---|
| Act 250 of 2006 | MONEY TRANSMISSION SERVICES ACT (487.1001 - 487.1047) |
| Section 487.1001 | Short title. |
| Section 487.1002 | Definitions; A to L. |
| Section 487.1003 | Definitions; M to T. |
| Section 487.1004 | Applicability of act. |
| Section 487.1011 | Money transmission services; license required; exception. |
| Section 487.1012 | License application; form; information required. |
| Section 487.1013 | Financial statements; net worth; qualification to do business; application fee; surety bond; aggregate liability of surety; limitation. |
| Section 487.1014 | Investigation; completed application; time period; issuance of license; fee; extension of time period; denial; request for hearing. |
| Section 487.1015 | Fee schedule; expiration and renewal of license. |
| Section 487.1016 | Travel expenses; recovery of fees and fines; collection; disposition. |
| Section 487.1021 | Information obtained in examination or investigation; disclosure prohibited. |
| Section 487.1022 | Joint examination or investigation. |
| Section 487.1023 | Changed information; filing; events requiring filing of report. |
| Section 487.1024 | Proposed change of control of licensee; request for approval; additional information; approval by commissioner; determination. |
| Section 487.1025 | Records. |
| Section 487.1026 | Disclosure of information. |
| Section 487.1031 | Permissible investments. |
| Section 487.1032 | Investments permitted under MCL 487.1031; limitation. |
| Section 487.1033 | Agreement between licensee and authorized delegate. |
| Section 487.1034 | Authorized delegate; prohibited conduct; duties. |
| Section 487.1041 | Denying, suspending, not renewing, or revoking license; placing license in receivership; revoking designation of authorized delegate; conditions. |
| Section 487.1042 | Violations; penalties; restitution. |
| Section 487.1043 | Summary suspension order. |
| Section 487.1044 | Cease and desist order. |
| Section 487.1045 | Rules. |
| Section 487.1046 | Civil fine. |
| Section 487.1047 | Order suspending or prohibiting person from being licensee and from being employed by, agent of, or control person of licensee. |