2011 Michigan Compiled Laws
Chapter 487 — FINANCIAL INSTITUTIONS
Act 161 of 1988 — CONSUMER FINANCIAL SERVICES ACT (487.2051 - 487.2072)
Section 487.2060e — Summary suspension order, cease and desist order, or injunctive relief as additional legal action.
CONSUMER FINANCIAL SERVICES ACT (EXCERPT)
Act 161 of 1988
487.2060e Summary suspension order, cease and desist order, or injunctive relief as additional legal action.
Sec. 10e.
A summary suspension order, cease and desist order, or injunctive relief issued or granted in relation to a license shall be in addition to an informal conference, criminal prosecution, or proceeding to deny, revoke, or suspend a license, or any other legal action.
History: Add. 1999, Act 275, Imd. Eff. Jan. 5, 2000
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.
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