Michigan Compiled Laws
215-2003-2-1 - Part 1 Administration, Supervision, and Enforcement (490.201...490.221)
Section 490.206 - Rules; Orders; Declaratory Rulings.

Sec. 206.
The commissioner may promulgate rules or issue orders or declaratory rulings for the enforcement and administration of this act. The commissioner shall promulgate rules and issue orders and declaratory rulings pursuant to the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328.
History: 2003, Act 215, Eff. June 1, 2004

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 490 - Credit Unions

Act 215 of 2003 - Credit Union Act (490.101 - 490.601)

Article 2 - Supervision by Commissioner (490.201...490.251)

215-2003-2-1 - Part 1 Administration, Supervision, and Enforcement (490.201...490.221)

Section 490.201 - Administration and Supervision by Director; Annual Operating Fee; Limitation; Report Filed by Domestic Credit Union; Delinquent Fee; Waiver; Amendment to Bylaws or Certificate of Organization; Examination of Accounts, Books, and Rec...

Section 490.202 - Fee, Fine, or Other Money Received or Collected by Director; Disposition; Establishment of Credit Union Regulatory Fund.

Section 490.203 - Office of Financial and Insurance Services; Hearing or Proceeding; Document Retention; Order or Ruling.

Section 490.204 - Immunity.

Section 490.205 - Disclosure of Information.

Section 490.206 - Rules; Orders; Declaratory Rulings.

Section 490.207 - Examination by Director; Conduct; Report; Document, Material, or Information; Confidentiality; Disclosure; Demand for Production; Request for Discovery or Disclosure; Judicial Review; Appeal; Best Practices or Other Improvements; Gu...

Section 490.208 - Application for Additional Powers by Domestic Credit Unions.

Section 490.209 - Issuance of Subpoena by Circuit Court.

Section 490.210 - Notice of Charges; Issuance and Service; Statement of Facts; Hearing; Issuance of Cease and Desist Order; Enforcement; Violation by Foreign or Federal Credit Union.

Section 490.211 - Temporary Cease and Desist Order; Conditions; Injunction for Setting Aside Order.

Section 490.212 - Notice of Intention to Remove Person From Office or to Prohibit Participation in Conduct of Affairs; Conditions; Hearing; Order; Issuance; Basis; Enforcement.

Section 490.213 - Stay of Suspension or Prohibition.

Section 490.214 - Individual Charged With Crime Involving Dishonesty or Breach of Trust; Suspension From Office or Prohibition From Participation in Conduct of Affairs; Finding of Not Guilty or Other Disposition.

Section 490.215 - Administrative Hearing.

Section 490.216 - Enforcement of Notice or Order; Court Jurisdiction.

Section 490.217 - Person Subject to Notice or Order for Violation of Law; Prohibited Conduct; Violation as Misdemeanor; Penalty.

Section 490.218 - Report From Domestic Credit Union; Requirements; Notice; Failure of Domestic Credit Union to Report by Deadline; Fine.

Section 490.219 - Delivery of Order or Written Notice; Methods.

Section 490.220 - Civil Fine; Assessment; Limitation; Commencement of Action by Attorney General; Determination of Amount of Fine; Conduct of Administrative Hearing.

Section 490.221 - Closure of Principal Place of Business or Branch; Existence of Emergency or Legal Holiday.