MCL - 244-2005-2

DEFERRED PRESENTMENT SERVICE TRANSACTIONS ACT (EXCERPT)
Act 244 of 2005
ARTICLE 2

Document Type Description
Section 487.2131 Section Business of providing deferred presentment service transactions; license required; scope of act; application process and timeline; bulletin, order, or rule.
Section 487.2132 Section Licensure requirements.
Section 487.2133 Section Application; writing; oath; form; information; fee.
Section 487.2134 Section License fees; disposition; surety bond.
Section 487.2135 Section Issuance of license upon investigation that requirements satisfied; posting copy of license.
Section 487.2136 Section Denial of application or failure to act within certain time period; hearing.
Section 487.2137 Section License not transferable or assignable; change in control; duties of licensee; request for information or documentation; "control" defined.
Section 487.2138 Section Report describing certain event.
Section 487.2139 Section Expiration and renewal of license.
Section 487.2140 Section 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.
Section 487.2141 Section Books, accounts, and records; preservation.
Section 487.2142 Section Development, implementation, and maintenance of database.