2006 Michigan Compiled Laws - Act 379 of 1984
AN ACT to define and regulate certain credit card transactions, agreements, charges, and disclosures; to prescribe the powers and duties of the financial institutions bureau and certain state agencies; to provide for the promulgation of rules; and to provide for fines and penalties.
|Section 493.102||Credit card arrangement; license required; terms and conditions.|
|Section 493.103||Application for license; oath; form; contents; fees; net worth requirements; rules.|
|Section 493.104||Investigation; finding; issuance of license; refusal to issue license; expiration of license.|
|Section 493.105||Duties of commissioner upon refusal to issue license.|
|Section 493.106||Suspension, revocation, or refusal to renew license; notice; grounds; surrender of license; duration of license; reinstatement or issuance of new license; preexisting lawful contracts.|
|Section 493.107||Investigations and examination of books, accounts, records, and files; electronic data processing not prohibited; establishment of annual fee schedule; fees nonrefundable; penalty; disposition and use of fees and expenses; action for recovery of fees or expenses.|
|Section 493.108||Subpoena of witnesses and evidence; oaths and affirmations; noncompliance; order; contempt.|
|Section 493.109||Books, accounts, and records; maintenance, preservation, and availability; audit; cost.|
|Section 493.110||Maximum interest; computation; fee; offer of loan or credit in connection with other accounts, services, or similar agreements; prohibited conditions.|
|Section 493.111||Truth in lending act; disclosures, information, and notices; applicability.|
|Section 493.112||Wilful and intentional violation as misdemeanor; conduct barring recovery and entitling consumer to attorney fees and court costs; authorized actions.|
|Section 493.114||Exemptions; credit card or charge card issued prior to effective date of act.|
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