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Article 1 - (487.2121...487.2122)
Section 487.2121 - Short Title. - Sec. 1. This act shall be known and may be...
Section 487.2122 - Definitions. - Sec. 2. (1) As used in this act: (a) "Applicant"...
Article 2 - (487.2131...487.2142)
Section 487.2131 - Business of Providing Deferred Presentment Service Transactions; License Required; Scope of Act; Application Process and Timeline; Bulletin, Order, or Rule. - Sec. 11. (1) Subject to subsection (2), a person shall...
Section 487.2132 - Licensure Requirements. - Sec. 12. To obtain a license, an applicant shall satisfy...
Section 487.2133 - Application; Writing; Oath; Form; Information; Fee. - Sec. 13. (1) An applicant shall submit an application for...
Section 487.2134 - License Fees; Disposition; Surety Bond. - Sec. 14. (1) A licensee shall pay a license fee,...
Section 487.2135 - Issuance of License Upon Investigation That Requirements Satisfied; Posting Copy of License. - Sec. 15. (1) After the commissioner receives a completed license...
Section 487.2136 - Denial of Application or Failure to Act Within Certain Time Period; Hearing. - Sec. 16. (1) If the commissioner determines that an applicant...
Section 487.2137 - License Not Transferable or Assignable; Change in Control; Duties of Licensee; Request for Information or Documentation; "Control" Defined. - Sec. 17. (1) A license issued under this article is...
Section 487.2138 - Report Describing Certain Event. - Sec. 18. The commissioner may determine and identify by order...
Section 487.2139 - Expiration and Renewal of License. - Sec. 19. (1) A license issued under this article shall...
Section 487.2140 - Enforcement and Implementation of Act; Issuance of Orders and Rules; Correction of Inaccurate Information; Duties of Licensee if Database Not Operational; Examination of Business, Books, and Records. - Sec. 20. (1) The commissioner may issue orders and rules...
Section 487.2141 - Books, Accounts, and Records; Preservation. - Sec. 21. Each licensee shall keep and use in its...
Section 487.2142 - Development, Implementation, and Maintenance of Database. - Sec. 22. (1) On or before December 31, 2006, the...
Article 3 - (487.2151...487.2160)
Section 487.2151 - Notice; Posting; Form. - Sec. 31. (1) A licensee shall post prominently in an...
Section 487.2152 - Written Deferred Presentment Service Agreement; Signatures; Provisions; Arbitration. - Sec. 32. (1) A licensee shall document a deferred presentment...
Section 487.2153 - Transaction; Limitation on Amount; Service Fee; Conditions Prohibiting Entering Transaction; Duties of Licensee; Prohibited Conduct; Sign. - Sec. 33. (1) A licensee may enter into 1 deferred...
Section 487.2154 - Customer Eligibility; Verification; Use of Database; Fee; Submission of Information to Database; Closure of Transaction. - Sec. 34. (1) A licensee shall verify a customer's eligibility...
Section 487.2155 - Renewal or Extension of Agreement; Repayment Option; Conditions; Terms; Notice; Satisfaction of Drawer's Obligation; Deposit of Check Held in Connection With Transaction; Return of Check; Payment by Debit Card; "Telephone-Initiated... - Sec. 35. (1) A licensee shall not renew a deferred...
Section 487.2156 - Violation of Act. - Sec. 36. (1) No later than the close of business...
Section 487.2157 - Rescission of Agreement; Redemption of Check by Drawer. - Sec. 37. (1) A drawer may rescind a deferred presentment...
Section 487.2158 - Endorsement of Check; Returned Check Charge; Liability for Dishonored Check. - Sec. 38. (1) A licensee shall endorse a check given...
Section 487.2159 - Agreements; Maintenance; Availability for Examination; Rejected Applications. - Sec. 39. (1) A licensee shall maintain each deferred presentment...
Section 487.2160 - Prohibited Conduct. - Sec. 40. A licensee shall not do any of the...
Article 4 - (487.2165...487.2173)
Section 487.2165 - Customer Complaint; Filing; Investigation or Examination by Commissioner; Subpoena; Noncompliance. - Sec. 45. (1) A customer may file a written complaint...
Section 487.2166 - Cease and Desist Order. - Sec. 46. (1) If in the opinion of the commissioner...
Section 487.2167 - Suspension, Revocation, or Termination of License. - Sec. 47. (1) The commissioner may, after notice and hearing,...
Section 487.2168 - Violations; Civil Fines. - Sec. 48. (1) If the commissioner finds that a person...
Section 487.2169 - Fraud. - Sec. 49. (1) If in the opinion of the commissioner...
Section 487.2170 - Hearing. - Sec. 50. (1) A licensee who is ordered to cease...
Section 487.2171 - Rules; Report. - Sec. 51. (1) The commissioner may promulgate rules under the...
Section 487.2172 - Person Providing Services Before Effective Date of Act; Compliance. - Sec. 52. A person who provided deferred presentment service transactions...
Section 487.2173 - Civil Cause of Action; Damages. - Sec. 53. A person injured by a licensee's violation of...