Sec. 10.
Upon receipt of a written complaint alleging a violation of this act by a regulated lender, the commissioner shall do 1 of the following:
(a) Investigate the complaint if the regulated lender is chartered, licensed, or regulated by the commissioner.
(b) If the regulated lender is not subject to the jurisdiction of the commissioner, forward the complaint to the appropriate regulatory or investigatory authority.
History: 1995, Act 162, Eff. Mar. 28, 1996
Compiler's Notes: For transfer of authority, powers, duties, functions, and responsibility of the financial institutions bureau and the commissioner of the financial institutions bureau to the commissioner of the office of financial and insurance services and the office of financial and insurance services by type III transfer, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.