2014 Michigan Compiled Laws
Chapter 487 - FINANCIAL INSTITUTIONS
Act 161 of 1988 CONSUMER FINANCIAL SERVICES ACT (487.2051 - 487.2072)
Section 487.2060h Hearing; decision; findings; judicial review; stay.

CONSUMER FINANCIAL SERVICES ACT (EXCERPT)
Act 161 of 1988
487.2060h Hearing; decision; findings; judicial review; stay.

Sec. 10h.

(1) A hearing under section 10 or 10g shall be conducted under the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328. Within 30 days after the commissioner has notified the parties that the case has been submitted to him or her for final decision, the commissioner shall render a decision that shall include findings of fact supporting the decision and serve upon each party to the proceeding a copy of the decision and an order consistent with the decision.

(2) Except for a consent order, a party to the proceeding, or a person affected by an order issued under section 10 or section 10g may obtain a judicial review of the order. A consent order may be reviewed as provided under the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328. Except for an order under judicial review, the commissioner may terminate or set aside any order. The commissioner may terminate or set aside an order under judicial review with the permission of the court.

(3) Unless ordered by the court, the commencement of proceedings for judicial review under subsection (2) does not stay the commissioner's order.

History: Add. 2002, Act 390, Imd. Eff. May 30, 2002