2014 Michigan Compiled Laws
Chapter 487 - FINANCIAL INSTITUTIONS
Act 250 of 2006 MONEY TRANSMISSION SERVICES ACT (487.1001 - 487.1047)
Section 487.1046 Civil fine.
MONEY TRANSMISSION SERVICES ACT (EXCERPT)
Act 250 of 2006
487.1046 Civil fine.
Sec. 46.
The commissioner may assess a civil fine against a person that violates this act, a rule promulgated or an order or ruling issued by the commissioner under this act, or any other applicable state or federal law in an amount that does not exceed $10,000.00 per day for each day the violation continues, plus this state's costs and expenses for the investigation and prosecution of the matter, including reasonable attorney fees.
History: 2006, Act 250, Imd. Eff. July 3, 2006
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