250 of 2006 - Money Transmission Services Act (487.1001 - 487.1047)

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  4. 250 of 2006 - Money Transmission Services Act (487.1001 - 487.1047)

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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.