Mich. Admin. Code R. 445.1030 - Violation of act; fine; recommendation in proposal for decision
Rule 30.
(1) If
after an investigation the commissioner, or a representative of the
commissioner concludes that the credit-granting institution has violated the
act, the report of findings shall contain a recommendation stating whether a
fine should be imposed pursuant to section 12 of the act.
(2) If the report of findings contains a
conclusion that the act has been violated, recommends the imposition of a fine,
or both, a notice of opportunity for a contested case hearing shall accompany
the report of findings served on the chief executive officer of the
credit-granting institution.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.