Michigan Statutes

§ 493.57

Michigan § 493.57

JurisdictionMichigan

Ch. 493REGULATORY LOANS

Act 125 of 1981THE SECONDARY MORTGAGE LOAN ACT (493.51-493.81)

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Bluebook

Mich. Comp. Laws § 493.57 (2026).

Text

THE SECONDARY MORTGAGE LOAN ACT (EXCERPT)Act 125 of 1981493.57 Repealed. 1997, Act 91, Imd. Eff. Aug. 1, 1997. Compiler's Notes: The repealed section pertained to duties of commissioner upon refusal to issue license.Popular Name: Secondary Mortgage Loan Act

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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 § 493.57, Counsel Stack Legal Research, https://law.counselstack.com/statute/mi/493/493.57.