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250 of 2006 - Money Transmission Services Act (487.1001 - 487.1047)
Law
Michigan Compiled Laws
Financial Institutions
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.