There is a newer version of the Michigan Compiled Laws
2014 Michigan Compiled Laws
Chapter 451 - SECURITIES, REAL ESTATE, AND DEBT MANAGEMENT
Act 148 of 1975 DEBT MANAGEMENT ACT (451.411 - 451.437)
- Section 451.411 Short title.
- Section 451.412 Definitions.
- Section 451.413 Business of debt management as financial planning service requiring license; exception.
- Section 451.414 License required; contract made by unlicensed person void; persons eligible for exemption.
- Section 451.415 License; application; filing requirements; expiration and renewal of license; books and records; financial statements; licensee with board of directors or equivalent.
- Section 451.416 License; investigation; grounds for issuance or nonissuance; examination; fee.
- Section 451.417 Applicability of examination provisions.
- Section 451.418 License renewal; application; fee; financial statements.
- Section 451.419 License; grounds for denial, revocation, suspension, or postponement; notice; proceedings.
- Section 451.420 Rules; rights, remedies, and procedures.
- Section 451.421 License; applicable provisions.
- Section 451.422 Budget analysis.
- Section 451.423 Consent of creditors as condition to charging or receiving fee.
- Section 451.424 Contract between licensee and debtor; requirements.
- Section 451.425 Trust account.
- Section 451.426 Duties of licensee.
- Section 451.427 Examination of licensee.
- Section 451.428 Fee under debt management services contract; charge for cancellation or default; when contract effective; letter of continuation; excessive charge.
- Section 451.429 Prohibited practices.
- Section 451.430 Advertising.
- Section 451.431 Assignment of wages.
- Section 451.432 Rules; decisions, orders, and rulings; electronic filing.
- Section 451.433 Cease and desist order; statement; misdemeanor; powers of department; court order; self-incrimination; injunction or restraining order; criminal proceedings.
- Section 451.434 Violations; penalties; jurisdiction; remedies.
- Section 451.435 Statute of limitations.
- Section 451.436 Disposition of fees.
- Section 451.437 Repeal of MCL 451.451 to 451.468.
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.