Michigan

493.1 Short title; definitions.

493.1a Repealed.

493.2 Business of making loans; license required; application for license; oath; form and contents; fees; proof of net worth.

493.3 Licenses; bond of applicant; approval; conditions.

493.4 Investigation; findings; issuance or denial of license; notice; transcript of decision and findings.

493.5 Licenses; contents; posting; transfer; assignment.

493.6 Net worth; additional bond; filing.

493.7 Changing name or place of business; procedure; activities at more than 1 place of business; ceasing to engage in activities subject to act.

493.8 Annual establishment of fees schedule; bond; action for recovery of fees or penalties; fees nonrefundable; report; disposition and use of money received.

493.9 Revocation, suspension, or surrender of license; reinstatement or issuance of new license; transcript of order.

493.9a Cease and desist order; grounds; notice; failure to appear at hearing; findings; effective date and duration of order.

493.9b Investigation or examination by commissioner; complaint or action; suspension of license; request for hearing; duration of suspension.

493.9c Fraud.

493.9d Hearing; decision; findings; judicial review; stay.

493.9e Enforcement of order; jurisdiction.

493.9f Violation as misdemeanor; penalty.

493.9g Violation of order; exceptions.

493.10 Commissioner of state banking department; authority to investigate business and examine records; witnesses; examination of licensee; construction of section; dispo

493.11 Books, accounts, and records of licensee; preservation and accessibility; filing financial statement with commissioner; reports.

493.12 Statements or representations by licensee; lien on real estate; confession of judgment or power of attorney prohibited; note or evidence of indebtedness; blanks; d

493.12a False, misleading, deceptive, or irresponsible advertising unlawful; definition; requirements for advertising.

493.12b Repealed.

493.12c False, misleading, deceptive, or irresponsible advertising; report to attorney general; action to restrain by temporary or permanent injunction; costs; civil pena

493.12d Action to enjoin licensee from advertising; circuit court.

493.13 Limitation on amount of loan and interest charge; obligation under more than 1 loan contract; computation and payment of charges; loan processing fee; fees; amount

493.13a Credit life insurance; other insurance.

493.14 Licensee; duties.

493.14a Compliance with federal consumer credit protection act.

493.15 Contract in compliance with retail installment sales act or home improvement finance act.

493.15a Regulatory loan contract; nonperformance by borrower; advances by licensee; termination of insurance upon reinstatement of contractual duties by borrower.

493.16 Repealed.

493.17 Assignment or order for payment of compensation to secure loan invalid; validity of chattel mortgage or lien on household goods; married borrower; signatures; writ

493.18 Unlicensed persons; limitation on interest, discount, or consideration; applicability of act to loans made in another state or country.

493.19 Violation as misdemeanor; penalty.

493.20 Businesses exempt from act.

493.21 Enforcement of act; rules.

493.22 Amendments or repeals of act; impairment of obligation.

493.23 Repealed.

493.24 Review of decisions and regulations; limitations; method; jurisdiction of courts.

493.25 Repealed.

493.26 Repealed.

493.51 Short title; definitions.

493.52 Broker, lender, or servicer; license or registration required; exemption; use of name or assumed name.

493.52a-493.52d Repealed.

493.53 Application for license or registration; form and contents.

493.53a Broker, lender, or servicer; registration with commissioner; form.

493.54 Fees.

493.55 Investigation; issuance or refusal to issue license.

493.56 License or registration; filing application or renewal; bond or letter of credit; claims filed against proof of financial responsibility; maintenance of net worth;

493.56a Registration or license; expiration; renewal; filing financial statement; exemption; fees; failure to submit reports or fees; disposition of money received; "MBLS

493.56b Powers of commissioner.

493.57 Repealed.

493.58 Summary suspension of license or registration; order; affidavit; service; filing request for hearing; duration of license suspension; record.

493.59 Order in addition to other legal actions.

493.60 Complaint; forwarding to licensee or registrant; response; investigation or administrative action.

493.61 Suspension, revocation, or refusal to issue or renew license or registration; notice; hearing; findings; facts or conditions; surrender of license or registration;

493.62 Contracts or commitments made prior to suspension or revocation.

493.62a Conservator; appointment; reimbursement of expenses; powers; termination; disposition of compensation and expenses; disbursement of funds and interest.

493.63 Duration of license or registration; reinstatement of suspended license or registration; issuing new license or registration; consent required for transfer or assi

493.64 Order to cease and desist; issuance; conditions; notice; hearing; failure to appear as consent; service or order; effective date and enforcement.

493.64a Fraud.

493.64b Hearing; final decision; judicial review; stay of commissioner's order.

493.64c Enforcement of order; jurisdiction.

493.64d Violation as misdemeanor; penalty.

493.64e Violation of order; exceptions.

493.65 Subpoena of witnesses and evidence; oaths and affirmations; certain conduct as misdemeanor.

493.66 Failure to testify or comply with subpoena; court order; contempt.

493.67 Maintaining records relating to conduct of business; availability; statement of borrower's account; ledger history; obligation of servicer; fee prohibited.

493.68 Documents; preservation; other books, accounts, records, and documents.

493.69 Repealed.

493.70 Making or offering to make secondary mortgage loan; terms and conditions.

493.71 Interest rate; limitation; computation; prepaid finance charge or fee.

493.72 Charges and fees includable in principal; interest authorized by law; sale of insurance; hazard insurance; charges permitted by federal lending program.

493.73 Instrument evidencing or securing secondary mortgage; contents.

493.74 Licensee or registrant; prohibited conduct.

493.75 Violation of consumer credit protection act as violation of act.

493.76 Advertising; prohibited conduct.

493.76a Repealed.

493.77 Violation of act; making secondary mortgage loans without license as misdemeanor; penalty; civil fine; actions.

493.78 Rules.

493.79 Construction of act; applicability.

493.79a Applicability of act to nonprofit corporation.

493.80 Persons permitted to make secondary mortgage loans.

493.81 Powers and duties of attorney general.

493.101 Definitions.

493.102 Credit card arrangement; license required; terms and conditions.

493.103 Application for license; oath; form; contents; fees; net worth requirements; rules.

493.104 Investigation; finding; issuance of license; refusal to issue license; expiration of license.

493.105 Duties of commissioner upon refusal to issue license.

493.106 Suspension, revocation, or refusal to renew license; notice; grounds; surrender of license; duration of license; reinstatement or issuance of new license; preexis

493.107 Investigations and examination of books, accounts, records, and files; electronic data processing not prohibited; establishment of annual fee schedule; fees nonre

493.108 Subpoena of witnesses and evidence; oaths and affirmations; noncompliance; order; contempt.

493.109 Books, accounts, and records; maintenance, preservation, and availability; audit; cost.

493.110 Maximum interest; computation; fee; offer of loan or credit in connection with other accounts, services, or similar agreements; prohibited conditions.

493.111 Truth in lending act; disclosures, information, and notices; applicability.

493.112 Wilful and intentional violation as misdemeanor; conduct barring recovery and entitling consumer to attorney fees and court costs; authorized actions.

493.113 Rules.

493.114 Exemptions; credit card or charge card issued prior to effective date of act.

493.131 Short title.

493.133 Definitions.

493.135 Engaging in business of mortgage loan originator; license required; exemptions; independent contractor loan processor or underwriter; establishment of licensing r

493.135a Registered mortgage loan originator; temporary authority; requirements; time period; "state" defined.

493.135b Out of state license; temporary authority; requirements; time period; "state" defined.

493.135c Temporary authority; subject to laws of this state.

493.137 Application; form; fee; criminal history check; relationships or contracts with nationwide mortgage licensing system and registry; furnishing certain information;

493.139 Issuance of mortgage loan originator license; findings; conviction.

493.141 Prelicensing education requirements.

493.143 Qualified written test.

493.145 Annual renewal; expiration; reinstatement.

493.147 Continuing education requirements.

493.149 Fees; reports; penalties; deposit of money in MBLSLA fund; limitation on fee levels.

493.151 Mortgage loan originators; license and registration through nationwide mortgage licensing system and registry; rules.

493.153 Process for challenging information entered.

493.155 Powers of commissioner; finding of violation or noncompliance; fine.

493.157 Fraud; notice of intent to prohibit licensure; contents; hearing; order; service; application to terminate order; imminent threat of financial loss to customers;

493.159 Surety bond.

493.161 Privacy or confidentiality of information or material.

493.163 Investigations and examinations; access to books and records; reports; control of access to documents or records; duties and authority of commissioner; prohibited

493.165 Licensed mortgage loan originator; prohibited conduct.

493.167 Reports of condition.

493.169 Report of violations; rules.

493.171 Unique identifier of originator of residential mortgage loan.