Michigan Compiled Laws
Chapter 493 - Regulatory Loans
Act 379 of 1984 - Credit Card Arrangements (493.101 - 493.114)

Section 493.101 - Definitions. - Sec. 1. As used in this act: (a) "Commissioner" means...

Section 493.102 - Credit Card Arrangement; License Required; Terms and Conditions. - Sec. 2. (1) Except for a person licensed under the...

Section 493.103 - Application for License; Oath; Form; Contents; Fees; Net Worth Requirements; Rules. - Sec. 3. (1) An application for a license under this...

Section 493.104 - Investigation; Finding; Issuance of License; Refusal to Issue License; Expiration of License. - Sec. 4. (1) Upon the filing of an application and...

Section 493.105 - Duties of Commissioner Upon Refusal to Issue License. - Sec. 5. If the commissioner refuses to issue a license,...

Section 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. - Sec. 6. (1) The commissioner may suspend, revoke, or refuse...

Section 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 fo... - Sec. 7. (1) The commissioner may, at any time, make...

Section 493.108 - Subpoena of Witnesses and Evidence; Oaths and Affirmations; Noncompliance; Order; Contempt. - Sec. 8. (1) The commissioner may subpoena witnesses and documents,...

Section 493.109 - Books, Accounts, and Records; Maintenance, Preservation, and Availability; Audit; Cost. - Sec. 9. (1) A licensee shall maintain records relating to...

Section 493.110 - Maximum Interest; Computation; Fee; Offer of Loan or Credit in Connection With Other Accounts, Services, or Similar Agreements; Prohibited Conditions. - Sec. 10. (1) On a loan made or credit extended...

Section 493.111 - Truth in Lending Act; Disclosures, Information, and Notices; Applicability. - Sec. 11. (1) A licensee shall make or give to...

Section 493.112 - Wilful and Intentional Violation as Misdemeanor; Conduct Barring Recovery and Entitling Consumer to Attorney Fees and Court Costs; Authorized Actions. - Sec. 12. (1) Any licensee who wilfully and intentionally violates...

Section 493.113 - Rules. - Sec. 13. The commissioner may promulgate rules pursuant to the...

Section 493.114 - Exemptions; Credit Card or Charge Card Issued Prior to Effective Date of Act. - Sec. 14. (1) A state or national bank, state or...