Sec. 8.
(1) The commissioner may subpoena witnesses and documents, papers, books, records, and other evidence, in any matter over which the commissioner has jurisdiction, control, or supervision. The commissioner may administer oaths and affirmations to a person whose testimony is required.
(2) If a person fails to comply with a subpoena issued by the commissioner or to testify with respect to any matter concerning which the person may be lawfully questioned, the circuit court for Ingham county, on application of the commissioner, may issue an order requiring the attendance of the person and the giving of testimony or production of evidence. The court may punish by contempt a person who fails to obey the court's order.
History: 1984, Act 379, Imd. Eff. Dec. 28, 1984 Compiler's Notes: For transfer of authority, powers, duties, functions, and responsibility of the financial institutions bureau and the commissioner of the financial institutions bureau to the commissioner of the office of financial and insurance services and the office of financial and insurance services by type III transfer, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.
Structure Michigan Compiled Laws
Chapter 493 - Regulatory Loans
Act 379 of 1984 - Credit Card Arrangements (493.101 - 493.114)
Section 493.101 - Definitions.
Section 493.102 - Credit Card Arrangement; License Required; Terms and Conditions.
Section 493.105 - Duties of Commissioner Upon Refusal to Issue License.
Section 493.111 - Truth in Lending Act; Disclosures, Information, and Notices; Applicability.
Section 493.114 - Exemptions; Credit Card or Charge Card Issued Prior to Effective Date of Act.