2006 Michigan Compiled Laws - 244-2005-2

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

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

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