2006 Michigan Compiled Laws - 299-1980-9

OCCUPATIONAL CODE (EXCERPT)
Act 299 of 1980
Article 9


DocumentDescription
Section 339.901Definitions.
Section 339.902Collection practices board; creation.
Section 339.903Pretended purchase or assignment of account; applicability of article.
Section 339.904Collection agency; license required for each place of business; exceptions to licensing requirement of subsection (1); qualifications of applicant.
Section 339.905Repealed. 1988, Act 463, Eff. Sept. 1, 1989.
Section 339.906Collection agency; license nontransferable; notification of changes in corporate structure, partnership, name, or address.
Section 339.907Corporate surety or cash bond; action on bond; aggregate liability; cancellation of bond.
Section 339.908"Owner manager" defined; personal supervision of collection agency by licensed collection agency manager or owner manager; notice; limitation.
Section 339.909Separate trust account; maintenance by collection agency; designation as trust account; disbursements and withdrawals.
Section 339.910Books, accounts, and records; use; preservation; accessibility; annual report; financial report of trust account; audit; information provided to director exempt from disclosure; exception; compliance attestation report.
Section 339.911Collection agency manager's license or collection agency license; requirements.
Section 339.912Applicant for collection agency manager's license; written examination.
Section 339.913Collection agency manager's license; display.
Section 339.914Repealed. 1996, Act 151, Imd. Eff. Mar. 25, 1996.
Section 339.915Licensee; prohibited acts.
Section 339.915aLicensee; additional prohibited acts.
Section 339.916Action for damages or other equitable relief; recovery; civil penalty; attorney's fees and court costs.
Section 339.917Conduct of licensee subject to strictures.
Section 339.918Communication with consumer; notice; effect of disputing validity of debt; verification of debt; failure to dispute validity of debt.
Section 339.919Communication with person other than debtor; location information.
Section 339.920Taking possession of assets, books, and records of licensee for purpose of liquidating business or other relief; application for court order; notice.

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