reglab/housing_qa huggingface dataset:
MI Comp L § 490.83 (2021)
2021 Michigan Compiled Laws|Chapter 490 - Credit Unions|Act 31 of 1992 - Beneficiary Accounts in Credit Unions (490.81 - 490.83)|Section 490.83 - Applicability of Act.

490.83 Applicability of act. Sec. 3.  This act shall apply to all credit union beneficiary accounts where at least 1 owner was still alive on the effective date of this act. History: 1992, Act 31, Imd. Eff. Apr. 17, 1992 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.
MI Comp L § 492.21 (2021)
2021 Michigan Compiled Laws|Chapter 492 - Installment Sales of Motor Vehicles|Act 229 of 2009 - Guaranteed Asset Protection Waiver Act (492.21 - 492.33)|Section 492.21 - Short Title.

492.21 Short title.Sec. 1.  This act shall be known and may be cited as the "guaranteed asset protection waiver act". History: 2009, Act 229, Eff. July 7, 2010
MI Comp L § 492.27 (2021)
2021 Michigan Compiled Laws|Chapter 492 - Installment Sales of Motor Vehicles|Act 229 of 2009 - Guaranteed Asset Protection Waiver Act (492.21 - 492.33)|Section 492.27 - Disclosure; Contents.

492.27 Disclosure; contents.Sec. 7.  A guaranteed asset protection waiver must disclose, in writing and in clear, understandable language that is easy to read, all of the following, if applicable:  (a) The name and address of the initial creditor and the borrower at the time of sale, and the identity of any administrator if different from the creditor.   (b) The purchase price and the terms of the guaranteed asset protection waiver, including, but not limited to, the requirements for protection, conditions, or exclusions associated with the guaranteed asset protection waiver.  (c) That the borrower may cancel the guaranteed asset protection waiver during the free look period specified in the waiver; and is entitled to a full refund of the purchase price if the borrower has not received benefits under the waiver, or to any full or partial refund included in the waiver if the borrower has received benefits under the waiver.  (d) The procedure the borrower must follow, if any, to obtain guaranteed asset protection waiver benefits under the terms and conditions of the waiver, and a telephone number and address where the borrower may apply for waiver benefits.  (e) Whether or not the borrower may cancel the guaranteed asset protection waiver after the free look period; if so, the conditions under which the borrower may cancel or terminate that waiver; and the procedure the borrower must follow to request any refund due.  (f) That in order to receive any refund due for the cancellation of the guaranteed asset protection waiver, or the early termination of the finance agreement after the free look period, the borrower must provide a written request for a refund to the creditor, administrator, or other party named in the waiver within 90 days after the cancellation of the guaranteed asset protection waiver or the occurrence of the event terminating the finance agreement.   (g) The methodology for calculating any refund of the unearned purchase price of a guaranteed asset protection waiver due to a borrower for the cancellation of a guaranteed asset protection waiver or early termination of the finance agreement.  (h) That a creditor may not condition an extension of credit, the terms of that credit, or the terms of the related finance agreement on the purchase of a guaranteed asset protection waiver. History: 2009, Act 229, Eff. July 7, 2010
MI Comp L § 492.29 (2021)
2021 Michigan Compiled Laws|Chapter 492 - Installment Sales of Motor Vehicles|Act 229 of 2009 - Guaranteed Asset Protection Waiver Act (492.21 - 492.33)|Section 492.29 - Cancellation.

492.29 Cancellation.Sec. 9.  All of the following apply concerning the cancellation of guaranteed asset protection waivers:  (a) A creditor may offer a guaranteed asset protection waiver agreement that is cancelable or not cancelable after the free look period. A guaranteed asset protection waiver must provide that if a borrower cancels the waiver during the free look period, the borrower is entitled to a full refund of the purchase price if the borrower has not received benefits under the waiver, or to any full or partial refund included in the waiver if the borrower has received benefits under the waiver.  (b) If a borrower cancels the guaranteed asset protection waiver, or the finance agreement is terminated, after the free look period, the borrower may be entitled to a refund of any unearned portion of the purchase price of the waiver unless the waiver provides otherwise. In order to receive a refund, the borrower, must provide a written request to the creditor, administrator, or other party, within 90 days after the cancellation of the waiver or the occurrence of the event terminating the finance agreement, that meets any applicable notice provisions of the waiver.  (c) If the cancellation of a guaranteed asset protection waiver occurs as a result of a default under a finance agreement, the repossession of the motor vehicle associated with the finance agreement, or any other termination of the finance agreement, any refund due may be paid directly to the creditor or administrator and applied as set forth in subdivision (d).  (d) A creditor may apply any cancellation refund received under subdivision (a), (b), or (c) as a reduction of the amount owed under the finance agreement, unless the borrower can show that the finance agreement has been paid in full. History: 2009, Act 229, Eff. July 7, 2010
MI Comp L § 492.31 (2021)
2021 Michigan Compiled Laws|Chapter 492 - Installment Sales of Motor Vehicles|Act 229 of 2009 - Guaranteed Asset Protection Waiver Act (492.21 - 492.33)|Section 492.31 - Commissioner; Enforcement of Act; Notice and Hearing; Actions.

492.31 Commissioner; enforcement of act; notice and hearing; actions.Sec. 11.  The commissioner may take any action he or she determines is necessary or appropriate to enforce this act and to protect guaranteed asset protection waiver holders in this state, including, but not limited to, doing any of the following after proper notice and an opportunity for hearing under the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328:  (a) Order a creditor, administrator, or any other person that does not comply with this act to cease and desist from further guaranteed asset protection waiver-related operations that violate this act.  (b) Assess an administrative fine of not more than $500.00 against a person for a violation of this act. However, the commissioner may not assess administrative fines under this act against any person that in the aggregate are more than $20,000.00 for multiple violations of a similar nature. For purposes of this subdivision, "similar nature" means that the violations consist of the same or a similar course of conduct, action, or practice, regardless of the number of times that action, conduct, or practice occurs. History: 2009, Act 229, Eff. July 7, 2010
MI Comp L § 492.33 (2021)
2021 Michigan Compiled Laws|Chapter 492 - Installment Sales of Motor Vehicles|Act 229 of 2009 - Guaranteed Asset Protection Waiver Act (492.21 - 492.33)|Section 492.33 - Applicability; Exceptions.

492.33 Applicability; exceptions.Sec. 13.  (1) This act does not apply to any of the following:  (a) An insurance policy offered by an insurer under the insurance code of 1956, 1956 PA 218, MCL 500.100 to 500.8302.  (b) An offer of a debt cancellation or debt suspension contract that complies with 12 CFR part 37, 12 CFR part 721, or other federal law.  (2) Section 5(1)(d) does not apply to a guaranteed asset protection waiver offered in connection with a lease or retail installment sale associated with a commercial transaction. History: 2009, Act 229, Eff. July 7, 2010
MI Comp L § 492.101 (2021)
2021 Michigan Compiled Laws|Chapter 492 - Installment Sales of Motor Vehicles|Act 27 of 1950 (Ex. Sess.) - Motor Vehicle Sales Finance Act (492.101 - 492.141)|Section 492.101 - Motor Vehicle Sales Finance Act; Short Title.

492.101 Motor vehicle sales finance act; short title. Sec. 1.  This act shall be known and may be cited as the "Motor vehicle sales finance act." History: 1950, Ex. Sess., Act 27, Eff. Mar. 31, 1951 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.
MI Comp L § 492.103 (2021)
2021 Michigan Compiled Laws|Chapter 492 - Installment Sales of Motor Vehicles|Act 27 of 1950 (Ex. Sess.) - Motor Vehicle Sales Finance Act (492.101 - 492.141)|Section 492.103 - Installment Seller of Motor Vehicles; Sales Finance Company; License Required.

492.103 Installment seller of motor vehicles; sales finance company; license required. Sec. 3.  Except for a person licensed under the consumer financial services act, a person shall not engage in this state as a principal, employee, agent, or broker in either of the following unless that person is licensed as provided in this act:  (a) The business of an installment seller of motor vehicles under installment sale contracts.  (b) The business of a sales finance company. History: 1950, Ex. Sess., Act 27, Eff. Mar. 31, 1951 ;-- Am. 1988, Act 163, Eff. Sept. 1, 1988
MI Comp L § 492.104 (2021)
2021 Michigan Compiled Laws|Chapter 492 - Installment Sales of Motor Vehicles|Act 27 of 1950 (Ex. Sess.) - Motor Vehicle Sales Finance Act (492.101 - 492.141)|Section 492.104 - License; Application; Form; Contents; Appointment of Statutory Agent; Service of Process; Separate Application for Each Place of Business; Renewal.

492.104 License; application; form; contents; appointment of statutory agent; service of process; separate application for each place of business; renewal. Sec. 4.  (1) A person shall file an application for a new or renewal license under this act in writing, under oath, and in the form prescribed by the administrator.  (2) A complete license application shall contain all of the following:  (a) The name under which the business is conducted.   (b) The address of the principal place of business and of each other place of business, if more than 1.   (c) One of the following:  (i) The date and place of incorporation and the name and address of all officers and directors if the applicant is a corporation.  (ii) The name and residence address of the owner if the applicant is an individual owner or operating under an assumed name.  (iii) The name and residence address of all owners, partners, or members if the applicant is a partnership, association, or limited liability company.  (d) An appointment under subsection (3), if applicable.  (e) The bond required under section 5, if applicable.  (f) The license fee or fees required under section 5.  (g) Any other information the administrator requires.  (3) If a license applicant does not maintain an office in this state and does not have a resident agent in this state, the application shall include a written appointment of a statutory agent upon whom process, notice, or demand may be served. The statutory agent shall be an individual residing in this state or a corporation whose principal place of business is located in this state. If the identity or address of the statutory agent changes while the application is pending or after a license is issued, the applicant or licensee shall within 3 days file with the department a written appointment of the new statutory agent or written notice of the new address, as applicable.  (4) A new or renewal license applicant shall submit a separate application, on the prescribed form, for each place of business conducted by or to be established by the licensee within this state.  (5) An applicant for a renewal license shall submit the application for renewal of the license on or before the June 16 preceding the renewal period. History: 1950, Ex. Sess., Act 27, Eff. Mar. 31, 1951 ;-- Am. 2004, Act 283, Imd. Eff. July 23, 2004
MI Comp L § 492.107 (2021)
2021 Michigan Compiled Laws|Chapter 492 - Installment Sales of Motor Vehicles|Act 27 of 1950 (Ex. Sess.) - Motor Vehicle Sales Finance Act (492.101 - 492.141)|Section 492.107 - License Certificate; Issuance; Posting; License Nontransferable and Nonassignable; Change in Business Location; Notice; Amendment of License Certificate; Fee; Operating More Than 1 Place of Business.

492.107 License certificate; issuance; posting; license nontransferable and nonassignable; change in business location; notice; amendment of license certificate; fee; operating more than 1 place of business. Sec. 7.  (a) Upon approving a license application, the administrator shall issue to the applicant a license certificate showing the name of the person authorized to do business under the license and the business address of the licensee. Upon issuance to a licensee, a license certificate shall be posted in a conspicuous place in the place of business of the licensee in full view of the public at all times.  (b) A license shall not be transferable or assignable.  (c) A licensee may change his or her place of business to another location within the same municipality for which the license certificate was issued. A licensee desiring to change the address of his or her place of business shall give prior written notice to the administrator and shall return the license certificate to the administrator for amendment. The administrator shall amend the license certificate to show the new address and the date of the change, which shall then be the authorized address of the licensee. A licensee shall pay a fee of $10.00 to amend a license certificate.  (d) Only 1 place of business may be operated under the same license. A licensee may operate more than 1 place of business by filing an application on the prescribed form for each additional place of business and complying with the bond and license fee provisions of this act. For an installment seller only, if every place of business is conducted in 1 city under 1 name and all business records are continuously kept in 1 place, only 1 license shall be required for all places of business conducted in that city. History: 1950, Ex. Sess., Act 27, Eff. Mar. 31, 1951 ;-- Am. 1988, Act 242, Eff. Aug. 1, 1988
MI Comp L § 492.108 (2021)
2021 Michigan Compiled Laws|Chapter 492 - Installment Sales of Motor Vehicles|Act 27 of 1950 (Ex. Sess.) - Motor Vehicle Sales Finance Act (492.101 - 492.141)|Section 492.108 - License; Application, Rejection, Grounds, Notice; Retention of Fee.

492.108 License; application, rejection, grounds, notice; retention of fee. Sec. 8.  (a) The administrator may reject any application for license or any application for renewal of a license if he is not satisfied that the financial responsibility and the general fitness of the applicant and of the owners, partners or members thereof, if the applicant be a partnership or association, and of the officers and directors, if the applicant be a corporation, are such as to warrant the belief that the business for which application for license is filed will be operated in accordance with the provisions of this act.  (b) Whenever the administrator rejects an application for license he shall mail a notice of such action to the applicant and the applicant may, within 30 days of the date of such notice, appeal from such action to the circuit court in the manner provided for in section 9, subsection (d) of this act.  (c) Whenever the administrator rejects an application for license, he shall retain the license fee which accompanied the application, to defray costs of investigation. History: 1950, Ex. Sess., Act 27, Eff. Mar. 31, 1951
MI Comp L § 492.109 (2021)
2021 Michigan Compiled Laws|Chapter 492 - Installment Sales of Motor Vehicles|Act 27 of 1950 (Ex. Sess.) - Motor Vehicle Sales Finance Act (492.101 - 492.141)|Section 492.109 - License; Revocation or Suspension; Grounds; Appeal.

492.109 License; revocation or suspension; grounds; appeal. Sec. 9.  (a) The administrator, upon 30 days written notice to the licensee, forwarded by registered mail to the place of business of such licensee, as shown in the application for license or as amended on the license certificate in case of change of address subsequent to issuance of the license certificate, may revoke or suspend any license if he finds that:  1. The licensee has made any material misstatement in the application for license, or that  2. The licensee has violated any provisions of this act, or that  3. The licensee refuses or has refused to permit the administrator or his designated representative to make examinations authorized by this act, or that  4. The licensee in the case of a sales finance company has failed to maintain in effect the bond required under the provisions of this act, or that  5. The licensee has failed to maintain satisfactory records required by this act, or that  6. The licensee has falsified any records required by this act to be maintained in connection with the business contemplated by this act, or that  7. The licensee has after proper notice failed to file any report with the administrator within the time stipulated in this act, or that  8. The licensee has failed to pay the fine required by this act for failure to file reports to the administrator within the time stipulated, or that  9. The licensee has defrauded any retail buyer to the buyer's damage or wilfully failed to perform any written agreement with any retail buyer, or that  10. Any fact or condition exists or is discovered which, if it had existed or had been discovered at the time of filing of the application for such license, would have warranted the administrator in refusing to issue such license.  (b) The administrator may revoke or suspend only the particular license with respect to which grounds for revocation may occur or exist, but if he finds that grounds for revocation are of general application to all places of business or to more than 1 place of business operated by a licensee, he may revoke all of the licenses issued to such licensee or those licenses to which grounds for revocation apply, as the case may be.  (c) Whenever a license has been revoked, the administrator shall not issue another license to the licensee pursuant to the provisions of this act until the expiration of at least 1 year from the effective date of revocation of said license.  (d) Appeals may be taken from the action of the administrator in accordance with procedure prescribed in section 30 of Act No. 319 of the Public Acts of 1969, being section 487.330 of the Compiled Laws of 1948. History: 1950, Ex. Sess., Act 27, Eff. Mar. 31, 1951 ;-- Am. 1970, Act 114, Imd. Eff. July 23, 1970
MI Comp L § 492.110 (2021)
2021 Michigan Compiled Laws|Chapter 492 - Installment Sales of Motor Vehicles|Act 27 of 1950 (Ex. Sess.) - Motor Vehicle Sales Finance Act (492.101 - 492.141)|Section 492.110 - Investigation and Examination of Records; Access to Place of Business; Required Witness Attendance; Subpoena; Forms, Rules and Regulations.

492.110 Investigation and examination of records; access to place of business; required witness attendance; subpoena; forms, rules and regulations. Sec. 10.  (a) The administrator is authorized and empowered to investigate and examine at any time during regular business hours any and all books, accounts, papers, records, documents and files, to the extent that such investigation and examination pertain to matters regulated under the provisions of this act, of any licensee and of any person who shall be engaged in business contemplated by this act. For this purpose the administrator shall have free access to the offices and places of business and any and all books, accounts, papers, records, documents and files of all such persons. A person who is not licensed under this act shall be presumed to be engaged in business contemplated by this act, if he, as principal, agent or broker advertises or solicits business for which a license is required by the provisions of this act, and the administrator and any person designated by him for that purpose is, in such case, hereby empowered to examine the books, accounts, papers, records, documents, files, safes and vaults of such persons for the purpose of discovering violations of this act.  (b) The administrator is empowered to require the attendance and testimony of witnesses and the production of any books, accounts, papers, records, documents and files relating to such business which the administrator has authority by this act to investigate, and for this purpose the administrator or his duly authorized representative may sign subpoenas, administer oaths and affirmations, examine witnesses and receive evidence. In case of disobedience of any subpoena or the contumacy of any witness appearing before the administrator, the administrator may invoke the aid of the circuit court of Ingham county, or any circuit court of the state, and such court shall thereupon issue an order requiring the person subpoenaed to obey the subpoena, or to give evidence, or to produce books, accounts, papers, records, documents and files relative to the matter in question. Any failure to obey such order of the court may be punished by such court as a contempt thereof.  (c) The administrator is hereby authorized and empowered to prescribe the various blank forms to be used by licensees in making reports, and to make rules and regulations relating to the enforcement of this act. A copy of every rule and regulation shall be mailed by the administrator to all licensees under this act at their respective licensed places of business at least 10 days before the effective date thereof. History: 1950, Ex. Sess., Act 27, Eff. Mar. 31, 1951
MI Comp L § 492.111 (2021)
2021 Michigan Compiled Laws|Chapter 492 - Installment Sales of Motor Vehicles|Act 27 of 1950 (Ex. Sess.) - Motor Vehicle Sales Finance Act (492.101 - 492.141)|Section 492.111 - Books, Accounts and Records; Maintenance.

492.111 Books, accounts and records; maintenance. Sec. 11.  (a) Every licensee shall maintain, at the place of business designated in the license certificate, such books, accounts and records of the business conducted under the license issued for such place of business as will enable the administrator to determine whether the business of the licensee contemplated by this act is being operated in accordance with the provisions of this act.  (b) A licensee, operating 1 or more licensed places of business in this state, may maintain the general control records of all such offices at any 1 of such offices, or at any other office maintained by such licensee, upon the filing of a written request with the administrator designating therein the office at which such control records are maintained and upon approval of such request by the administrator.  (c) All books, accounts and records of licensee shall be maintained in the English language.  (d) All books, accounts and records of licensees, including any cards used in a card system, shall be preserved and available for examination by the administrator for at least 2 years after making the final entry therein. History: 1950, Ex. Sess., Act 27, Eff. Mar. 31, 1951