PocketLaw | Michigan Compiled Laws | 148 of 1975 - Debt Management Act

148 of 1975 - Debt Management Act (451.411 - 451.437)

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Section
451.411

Short Title.

Section
451.412

Definitions.

Section
451.413

Business of Debt Management as Financial Planning Service Requiring License; Exception.

Section
451.414

License Required; Contract Made by Unlicensed Person Void; Persons Eligible for Exemption.

Section
451.415

License; Application; Filing Requirements; Expiration and Renewal of License; Books and Records; Financial Statement; Licensee With Board of Directors or Equivalent.

Section
451.416

License; Investigation; Grounds for Issuance or Nonissuance; Evidence of Certification as Certified Counselor.

Section
451.417

Applicability of Examination Provisions.

Section
451.418

License Renewal; Application; Fee; Financial Statements; Failure to Pay Fee or Penalty.

Section
451.418a

Fraud; Notice of Intent to Prohibit Licensure; Hearing; Order; Judicial Review; Enforcement; Violation of Final Order as Misdemeanor; Penalty; Definitions.

Section
451.419

License; Grounds for Denial, Revocation, Suspension, or Postponement; Notice; Proceedings.

Section
451.420

Rules; Rights, Remedies, and Procedures.

Section
451.421

License; Applicable Provisions.

Section
451.422

Budget Analysis.

Section
451.423

Initial Fee; Consent of Creditor; Presumption.

Section
451.424

Contract Between Licensee and Debtor; Requirements.

Section
451.425

Trust Account.

Section
451.426

Duties of Licensee.

Section
451.427

Examination of Licensee.

Section
451.428

Fee Under Debt Management Plan; Purchase of Credit Reports or Educational Materials and Products; Charge for Cancellation or Default; When Contract Effective; Cancellation of Contract; Excessive Charge.

Section
451.429

Prohibited Practices.

Section
451.430

Advertisement.

Section
451.431

Assignment of Wages.

Section
451.432

Rules; Decisions, Orders, and Rulings; Electronic Filing.

Section
451.433

Cease and Desist Order; Statement; Misdemeanor; Powers of Department; Court Order; Self-Incrimination; Injunction or Restraining Order; Criminal Proceedings.

Section
451.434

Violations; Penalties; Jurisdiction; Remedies.

Section
451.435

Statute of Limitations.

Section
451.436

Disposition of Fees.

Section
451.437

Repeal of MCL 451.451 to 451.468.