Michigan Statutes

§ 493.169 — Report of violations; rules.

Michigan § 493.169

JurisdictionMichigan

Ch. 493REGULATORY LOANS

Act 75 of 2009MORTGAGE LOAN ORIGINATOR LICENSING ACT (493.131-493.171)

This text of Michigan § 493.169 (Report of violations; rules.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 493.169 (2026).

Text

MORTGAGE LOAN ORIGINATOR LICENSING ACT (EXCERPT) Act 75 of 2009 493.169 Report of violations; rules. Sec. 39.

(1)Subject to section 31, the commissioner shall regularly report violations of this act, and enforcement actions and other relevant information, to the nationwide mortgage licensing system and registry.

(2)The commissioner shall comply with the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328, in promulgating any rules under this act.

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MORTGAGE LOAN ORIGINATOR LICENSING ACT (EXCERPT) Act 75 of 2009 493.169 Report of violations; rules. Sec. 39. (1) Subject to section 31, the commissioner shall regularly report violations of this act, and enforcement actions and other relevant information, to the nationwide mortgage licensing system and registry. (2) The commissioner shall comply with the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328, in promulgating any rules under this act.

Legislative History

2009, Act 75 , Eff. July 31, 2009

Nearby Sections

15

§ 493.1

Short title; definitions.

§ 493.10

Commissioner of state banking department; authority to investigate business and examine records; witnesses; examination of licensee; construction of section; disposition of fees.

§ 493.101

§ 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; preexisting lawful contracts.

§ 493.107

Investigations and examination of books, accounts, records, and files; electronic data processing not prohibited; establishment of annual fee schedule; fees nonrefundable; penalty; disposition and use of fees and expenses; action for recovery of fees or expenses.

§ 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.

§ 493.11

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

§ 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.

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Bluebook (online)

Michigan § 493.169, Counsel Stack Legal Research, https://law.counselstack.com/statute/mi/493/493.169.