§ 445.960 — Assurance of discontinuance.

Michigan § 445.960

• Jurisdiction: Michigan
• Ch. 445: TRADE AND COMMERCE
• Act 424 of 1984: RENTAL-PURCHASE AGREEMENT ACT (445.951-445.970)

Text

RENTAL-PURCHASE AGREEMENT ACT (EXCERPT) Act 424 of 1984 445.960 Assurance of discontinuance. Sec. 10. (1) When the attorney general has authority to institute an action or proceeding pursuant to section 9, the attorney general may accept an assurance of discontinuance of a method, act, or practice which is alleged to be unlawful under this act from the person who is alleged to have engaged, be engaging, or be about to engage in the method, act, or practice. The assurance shall not constitute an admission of guilt nor be introduced in any other proceeding. The assurance may include a stipulation for any or all of the following: (a) The voluntary payment by the person for the costs of investigation. (b) An amount to be held in escrow pending the outcome of an action. (c) An amount for restitution to an aggrieved person. (2) An assurance of discontinuance shall be in writing and may be filed with the circuit court of Ingham county. The clerk of the court shall maintain a record of the filings. Unless rescinded by the parties or voided by a court for good cause, the assurance may be enforced in the circuit court by the parties to the assurance. The assurance may be modified by the parties or by a court for good cause.

Legislative History

1984, Act 424, Eff. Mar. 29, 1985