Sec. 917.
A licensee that commits 1 or more of the following is subject to the penalties described in article 6:
(a) Cancellation of a surety bond.
(b) Failure to notify the director of any changes in corporate or partnership structure under section 906.
(c) Failure to apply for a separate license for each place of business under section 904.
(d) Commencing operation before issuance of a license under section 904.
(e) Operation before the renewal of an expired license.
(f) Failure to preserve and make accessible books, accounts, and records under section 910(2).
(g) Failure to submit an annual report under section 910(3).
(h) Failure to file a sworn financial report when required by the director under section 910(4).
(i) Failure to allow an audit of books, accounts, and records when determined necessary by the director under section 910(5).
(j) Failure to pay the expenses of an audit conducted by the department under section 910(7), if the licensee is not located in this state.
(k) Violation of any federal or state act relating to debt collection.
History: Add. 1981, Act 83, Imd. Eff. July 1, 1981 ;-- Am. 1996, Act 151, Imd. Eff. Mar. 25, 1996 ;-- Am. 2014, Act 560, Imd. Eff. Jan. 15, 2015 Popular Name: Act 299
Structure Michigan Compiled Laws
Chapter 339 - Occupational Code
Act 299 of 1980 - Occupational Code (339.101 - 339.2919)
Article 9 - (339.901...339.920)
Section 339.901 - Definitions.
Section 339.902 - Collection Practices Board; Creation.
Section 339.903 - Pretended Purchase or Assignment of Account; Applicability of Article.
Section 339.905 - Repealed. 1988, Act 463, Eff. Sept. 1, 1989.
Section 339.911 - Collection Agency Manager's License or Collection Agency License; Requirements.
Section 339.912 - Applicant for Collection Agency Manager's License; Written Examination.
Section 339.913 - Collection Agency Manager's License; Display.
Section 339.914 - Repealed. 1996, Act 151, Imd. Eff. Mar. 25, 1996.
Section 339.915 - Licensee; Prohibited Acts.
Section 339.915a - Licensee; Additional Prohibited Acts; Section Construed; "Affiliate" Defined.
Section 339.917 - Conduct of Licensee Subject to Penalties.
Section 339.919 - Communication With Person Other Than Debtor; Location Information.