Michigan Compiled Laws
Article 3 - (487.2151...487.2160)
Section 487.2160 - Prohibited Conduct.

Sec. 40.
A licensee shall not do any of the following:
(a) Enter into a tying arrangement through which the licensee conditions the sale of 1 financial service to a consumer on the agreement by the consumer to purchase 1 or more other financial services from the licensee or an affiliate or subsidiary of the licensee.
(b) Knowingly permit a person to violate an order that has been issued under this act or any other financial licensing act that prohibits that person from being employed by, an agent of, or a control person of the licensee.
History: 2005, Act 244, Imd. Eff. Nov. 28, 2005

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 487 - Financial Institutions

Act 244 of 2005 - Deferred Presentment Service Transactions Act (487.2121 - 487.2173)

Article 3 - (487.2151...487.2160)

Section 487.2151 - Notice; Posting; Form.

Section 487.2152 - Written Deferred Presentment Service Agreement; Signatures; Provisions; Arbitration.

Section 487.2153 - Transaction; Limitation on Amount; Service Fee; Conditions Prohibiting Entering Transaction; Duties of Licensee; Prohibited Conduct; Sign.

Section 487.2154 - Customer Eligibility; Verification; Use of Database; Fee; Submission of Information to Database; Closure of Transaction.

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...

Section 487.2156 - Violation of Act.