reglab/housing_qa huggingface dataset:
MI Comp L § 487.2165 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 244 of 2005 - Deferred Presentment Service Transactions Act (487.2121 - 487.2173)|Article 4 - (487.2165...487.2173)|Section 487.2165 - Customer Complaint; Filing; Investigation or Examination by Commissioner; Subpoena; Noncompliance.

487.2165 Customer complaint; filing; investigation or examination by commissioner; subpoena; noncompliance.Sec. 45.  (1) A customer may file a written complaint with the office on a form prescribed by the commissioner regarding a licensee. The customer shall include with the complaint documentary or other evidence of the violation or activities of the licensee. The commissioner shall investigate a complaint filed by a customer under this subsection.  (2) The commissioner may investigate or conduct examinations of a licensee and conduct hearings as the commissioner considers necessary to determine whether a licensee or any other person has violated this act, or whether a licensee has conducted business in a manner that justifies suspension or forfeiture of its authority to engage in the business of providing deferred presentment service transactions in this state.  (3) The commissioner may subpoena witnesses and documents, papers, books, records, and other evidence in any manner over which the commissioner has jurisdiction, control, or supervision. The commissioner may administer oaths to any person whose testimony is required. 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 commissioner may petition the circuit court for Ingham county to issue an order requiring the person to attend, give testimony, or produce evidence. History: 2005, Act 244, Imd. Eff. Nov. 28, 2005
MI Comp L § 487.2166 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 244 of 2005 - Deferred Presentment Service Transactions Act (487.2121 - 487.2173)|Article 4 - (487.2165...487.2173)|Section 487.2166 - Cease and Desist Order.

487.2166 Cease and desist order.Sec. 46.  (1) If in the opinion of the commissioner a licensee is, has, or is about to engage in a practice that poses a threat of financial loss or threat to the public welfare, or is, has, or is about to violate this act, state or federal law, or an applicable rule or regulation, the commissioner may serve a notice of intention to issue a cease and desist order. A notice served under this section shall contain a statement of the facts constituting the alleged practice or violation and shall fix a time and place for a hearing at which the commissioner will determine whether to issue an order to cease and desist against the licensee.  (2) A licensee that fails to appear at a hearing under subsection (1) consents to the issuance of a cease and desist order. If a licensee consents, or upon the record made at the hearing the commissioner finds that the practice or violation specified in the notice has been established, the commissioner may serve upon the licensee an order to cease and desist from the practice or violation. The order may require the licensee and its executive officers, employees, and agents to cease and desist from the practice or violation and to take affirmative action to correct the conditions resulting from the practice or violation.  (3) Except to the extent it is stayed, modified, terminated, or set aside by the commissioner or a court, a cease and desist order is effective on the date of service. A cease and desist order issued with the consent of the licensee is effective at the time specified in the order and remains effective and enforceable as provided in the order. History: 2005, Act 244, Imd. Eff. Nov. 28, 2005
MI Comp L § 487.2167 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 244 of 2005 - Deferred Presentment Service Transactions Act (487.2121 - 487.2173)|Article 4 - (487.2165...487.2173)|Section 487.2167 - Suspension, Revocation, or Termination of License.

487.2167 Suspension, revocation, or termination of license.Sec. 47.  (1) The commissioner may, after notice and hearing, suspend or revoke a license if the commissioner finds that the licensee has knowingly or through lack of due care done any of the following:  (a) Failed to pay the annual license fee, an examination fee, or any other fee imposed by the commissioner under this act.  (b) Committed any fraud, engaged in any dishonest activities, or made any misrepresentations.  (c) Violated this act or any rule or order issued under this act or violated any other law in the course of the licensee's dealings as a licensee.  (d) Made a false statement in the application for the license, failed to give a true reply to a question in the application, or failed to reply to a request of the commissioner authorized in this act.  (e) Demonstrated incompetency or untrustworthiness to act as a licensee.  (f) Engaged in a pattern or practice that poses a threat of financial loss or threat to the public welfare.  (2) If the reason for revocation or suspension of a licensee's license at any 1 location is of general application to all locations operated by a licensee, the commissioner may revoke or suspend all licenses issued to a licensee.  (3) A notice served under this section shall contain a statement of the facts constituting the violation or pattern of practice and shall fix a time and place at which the commissioner will hold a hearing to determine whether the commissioner should issue an order to suspend or terminate 1 or more licenses of the licensee.  (4) If a licensee fails to appear at a hearing under subsection (1), the licensee consents to the issuance of the order to suspend or terminate 1 or more licenses of the licensee. If a licensee consents, or upon the record made at the hearing the commissioner finds that the pattern of practice or violation specified in the notice has been established, the commissioner may serve upon the licensee an order suspending or terminating 1 or more licenses of the licensee.  (5) Except to the extent it is stayed, modified, terminated, or set aside by the commissioner or a court, an order suspending or terminating 1 or more licenses of the licensee is effective on the date of service. An order suspending or terminating 1 or more licenses of the licensee issued with the consent of the licensee is effective at the time specified in the order and remains effective and enforceable as provided in the order. History: 2005, Act 244, Imd. Eff. Nov. 28, 2005
MI Comp L § 487.2168 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 244 of 2005 - Deferred Presentment Service Transactions Act (487.2121 - 487.2173)|Article 4 - (487.2165...487.2173)|Section 487.2168 - Violations; Civil Fines.

487.2168 Violations; civil fines.Sec. 48.  (1) If the commissioner finds that a person has violated this act, state or federal law, or an applicable rule or regulation, the commissioner may order the person to pay a civil fine of not less than $1,000.00 or more than $10,000.00 for each violation. However, if the commissioner finds that a person has violated this act and that the person knew or reasonably should have known that he or she was in violation of this act, the commissioner may order the person to pay a civil fine of not less than $5,000.00 or more than $50,000.00 for each violation. The commissioner may also order the person to pay the costs of the investigation.  (2) A civil fine assessed under subsection (1) may be sued for and recovered by and in the name of the commissioner and may be collected and enforced by summary proceedings by the attorney general. In determining the amount of a fine, the commissioner shall consider the extent to which the violation was a knowing and willful violation, the extent of the injury suffered because of the violation, the corrective action taken by the licensee to ensure that the violation will not be repeated, and the record of the licensee in the complying with this act. History: 2005, Act 244, Imd. Eff. Nov. 28, 2005
MI Comp L § 487.2170 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 244 of 2005 - Deferred Presentment Service Transactions Act (487.2121 - 487.2173)|Article 4 - (487.2165...487.2173)|Section 487.2170 - Hearing.

487.2170 Hearing.Sec. 50.  (1) A licensee who is ordered to cease and desist, whose license is suspended or terminated, or who is ordered to pay a fine under this act is entitled to a hearing before the commissioner if a written request for a hearing is filed with the commissioner not more than 30 days after the effective date of the order.  (2) Any administrative proceedings under this act are subject to the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328. History: 2005, Act 244, Imd. Eff. Nov. 28, 2005
MI Comp L § 487.2171 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 244 of 2005 - Deferred Presentment Service Transactions Act (487.2121 - 487.2173)|Article 4 - (487.2165...487.2173)|Section 487.2171 - Rules; Report.

487.2171 Rules; report.Sec. 51.  (1) The commissioner may promulgate rules under the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328, to enforce and administer this act.  (2) By July 31, 2007, the commissioner shall submit a report to the standing committees of the senate and house of representatives concerned with regulatory reform issues that includes the following information:  (a) The number of persons engaged in the business of providing deferred presentment service transactions in this state on the effective date of this act and the number on June 30, 2007.  (b) A general report on the business of providing deferred presentment service transactions in this state as of June 30, 2007. The report shall include the number of licensees, the number of customers, the number and amount of transactions, and any other financial information about deferred presentment service transactions in this state requested by the legislature or considered relevant by the commissioner. History: 2005, Act 244, Imd. Eff. Nov. 28, 2005
MI Comp L § 487.2172 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 244 of 2005 - Deferred Presentment Service Transactions Act (487.2121 - 487.2173)|Article 4 - (487.2165...487.2173)|Section 487.2172 - Person Providing Services Before Effective Date of Act; Compliance.

487.2172 Person providing services before effective date of act; compliance.Sec. 52.  A person who provided deferred presentment service transactions in this state before the effective date of this act is considered to have complied with applicable state law if the person provided those transactions in substantial conformity with the rulings and interpretive statements then in effect that were issued by the office or its predecessor agency. History: 2005, Act 244, Imd. Eff. Nov. 28, 2005
MI Comp L § 487.2173 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 244 of 2005 - Deferred Presentment Service Transactions Act (487.2121 - 487.2173)|Article 4 - (487.2165...487.2173)|Section 487.2173 - Civil Cause of Action; Damages.

487.2173 Civil cause of action; damages.Sec. 53.  A person injured by a licensee's violation of this act may maintain a civil cause of action against the licensee and may recover actual damages and an amount equal to the service fee paid in connection with each deferred presentment service transaction that is found to violate this act, plus reasonable attorney fees. History: 2005, Act 244, Imd. Eff. Nov. 28, 2005
MI Comp L § 487.3101 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 354 of 1996 - Savings Bank Act (487.3101 - 487.3804)|354-1996-1 - Chapter 1 Short Title and Definitions (487.3101...487.3103)|Section 487.3101 - Short Title.

487.3101 Short title. Sec. 101.  This act shall be known and may be cited as the "savings bank act". History: 1996, Act 354, Imd. Eff. July 1, 1996 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 § 487.3201 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 354 of 1996 - Savings Bank Act (487.3101 - 487.3804)|354-1996-2 - Chapter 2 Administration (487.3201...487.3226)|Section 487.3201 - Financial Institutions Bureau; Jurisdiction; Duties of Commissioner; Construction of Act.

487.3201 Financial institutions bureau; jurisdiction; duties of commissioner; construction of act. Sec. 201.  (1) The financial institutions bureau shall have jurisdiction over and execute the laws relating to savings banks transacting business in this state.  (2) The commissioner shall maximize the capacity of savings banks in this state to offer convenient and efficient financial services, to promote home ownership and economic development, and to ensure that savings banks remain competitive with other types of financial institutions and providers of financial services.  (3) This act shall be liberally construed except for those provisions that relate to safety and soundness of operations, investments, and management. History: 1996, Act 354, Imd. Eff. July 1, 1996
MI Comp L § 487.3202 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 354 of 1996 - Savings Bank Act (487.3101 - 487.3804)|354-1996-2 - Chapter 2 Administration (487.3201...487.3226)|Section 487.3202 - Prohibited Conduct.

487.3202 Prohibited conduct. Sec. 202.  Unless the person is organized under this act, a person shall not transact business under this act, do business under any name or title, circulate, advertise, make representations or give information that indicates or implies the operation of a business under this act. History: 1996, Act 354, Imd. Eff. July 1, 1996
MI Comp L § 487.3203 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 354 of 1996 - Savings Bank Act (487.3101 - 487.3804)|354-1996-2 - Chapter 2 Administration (487.3201...487.3226)|Section 487.3203 - Federal Insurance of Deposits Required.

487.3203 Federal insurance of deposits required. Sec. 203.  Unless the commissioner, for good cause shown, waives the requirement, a savings bank shall secure insurance of its deposit accounts backed by the full faith and credit of the United States government prior to commencing business. History: 1996, Act 354, Imd. Eff. July 1, 1996
MI Comp L § 487.3205 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 354 of 1996 - Savings Bank Act (487.3101 - 487.3804)|354-1996-2 - Chapter 2 Administration (487.3201...487.3226)|Section 487.3205 - Appointment of Examiners and Employees; Payment of Compensation, Travel, and Expenses.

487.3205 Appointment of examiners and employees; payment of compensation, travel, and expenses. Sec. 205.  The commissioner may appoint examiners and other employees for the carrying out of this act. The compensation, travel, and other expenses of the commissioner, deputy commissioners, examiners, and employees shall be paid in the manner provided by law for other state officers and employees, within the appropriations made by the legislature. History: 1996, Act 354, Imd. Eff. July 1, 1996
MI Comp L § 487.3206 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 354 of 1996 - Savings Bank Act (487.3101 - 487.3804)|354-1996-2 - Chapter 2 Administration (487.3201...487.3226)|Section 487.3206 - Commissioner, Deputy Commissioner, or Examiner; Prohibited Conduct.

487.3206 Commissioner, deputy commissioner, or examiner; prohibited conduct. Sec. 206.  (1) During his or her term of office or employment, the commissioner, a deputy commissioner, or an examiner of the bureau shall not be a shareholder, either directly or indirectly, of a savings bank or safe and collateral deposit company, or of any affiliate or subsidiary thereof.  (2) During his or her term of office or employment, the commissioner, a deputy commissioner, or an examiner of the bureau shall not be an officer, director, or employee of a savings bank or safe and collateral deposit company, or of any affiliate or subsidiary thereof, or receive, either directly or indirectly, a fee, perquisite, reward, emolument, or other compensation from those entities.  (3) The commissioner, deputy commissioner, or examiner shall not borrow money, directly or indirectly, from a savings bank, except for a mortgage loan upon the mortgagor's own home or installment debt transferred to a savings bank in the regular course of business by a seller of consumer goods. This subsection does not apply to loans made prior to the person's respective term of office. If the commissioner, a deputy commissioner, or an examiner of the bureau borrows from, or is or becomes indebted to a savings bank, he or she shall make a written report to the bureau, or to the governor in the case of the commissioner, stating the date and amount of the loan or indebtedness, the security given on the loan, and the purpose for which the proceeds have been or are to be used. History: 1996, Act 354, Imd. Eff. July 1, 1996
MI Comp L § 487.3207 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 354 of 1996 - Savings Bank Act (487.3101 - 487.3804)|354-1996-2 - Chapter 2 Administration (487.3201...487.3226)|Section 487.3207 - Commissioner, Deputy Commissioner, or Examiner; Civil Liability.

487.3207 Commissioner, deputy commissioner, or examiner; civil liability. Sec. 207.  The commissioner, deputy commissioner, examiner, or other employee of the bureau shall not be liable in any civil action for damages for any act done or omitted in good faith in performing the functions of his or her office. History: 1996, Act 354, Imd. Eff. July 1, 1996
MI Comp L § 487.3208 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 354 of 1996 - Savings Bank Act (487.3101 - 487.3804)|354-1996-2 - Chapter 2 Administration (487.3201...487.3226)|Section 487.3208 - Rules, Orders, and Declaratory Rulings.

487.3208 Rules, orders, and declaratory rulings. Sec. 208.  (1) The commissioner may promulgate rules in addition to those specifically provided for by this act as he or she may consider necessary to effectuate and enforce this act in accordance with the administrative procedures act of 1969, Act No. 306 of the Public Acts of 1969, being sections 24.201 to 24.328 of the Michigan Compiled Laws.  (2) The commissioner may also issue orders and declaratory rulings as he or she considers necessary to effectuate the purposes and to execute and enforce the provisions of this act. History: 1996, Act 354, Imd. Eff. July 1, 1996
MI Comp L § 487.3209 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 354 of 1996 - Savings Bank Act (487.3101 - 487.3804)|354-1996-2 - Chapter 2 Administration (487.3201...487.3226)|Section 487.3209 - Savings Banks and Entities Subject to Examination by Commissioner.

487.3209 Savings banks and entities subject to examination by commissioner. Sec. 209.  (1) A savings bank together with its subsidiaries, service entities, and entities the controlling interests of which are more than 50% owned by subsidiaries or service entities or association service corporations, are subject to examination of the commissioner, with or without prior notice, not less frequently than once every 18 months concerning the conditions and affairs of the savings bank. The commissioner shall also examine a savings bank under the commissioner's jurisdiction when requested by its board of directors. In connection with an examination, the commissioner, or the commissioner's authorized agent, may examine on oath a director, officer, agent, employee, or shareholder of a savings bank concerning the affairs and business of the savings bank. The commissioner shall ascertain whether the savings bank transacts its business in the manner prescribed by law and the rules promulgated pursuant to law. The commissioner, or the commissioner's authorized agent, may make an examination of an affiliate, subsidiary, or service entity necessary to disclose fully the relationship between a savings bank and the affiliate, subsidiary, or service entity and the effect of the relationship upon the savings bank.  (2) The commissioner may examine the branch or branches located in this state of an out-of-state bank under the federal deposit insurance act, chapter 967, 64 Stat. 873.  (3) In fulfilling the requirements of subsections (1) and (2), the commissioner may use an examination made under the federal deposit insurance act, or the law of another state governing the activities of out-of-state banks in that state. The commissioner may require the savings bank to furnish a copy of any report required by a federal or state bank regulatory agency.  (4) An examination required by this section shall include the fiduciary activities of the savings bank.  (5) The commissioner may contract with other savings bank regulatory agencies to assist in the conduct of examinations of savings banks with 1 or more branches located in other states and in examination of out-of-state banks with 1 or more branches located in this state. History: 1996, Act 354, Imd. Eff. July 1, 1996 ;-- Am. 2000, Act 481, Imd. Eff. Jan. 11, 2001
MI Comp L § 487.3210 (2021)
2021 Michigan Compiled Laws|Chapter 487 - Financial Institutions|Act 354 of 1996 - Savings Bank Act (487.3101 - 487.3804)|354-1996-2 - Chapter 2 Administration (487.3201...487.3226)|Section 487.3210 - Schedule of Supervisory Fees; Initial Supervisory Fee.

487.3210 Schedule of supervisory fees; initial supervisory fee. Sec. 210.  (1) The commissioner shall periodically establish a schedule of supervisory fees to be paid by savings banks. Except for a minimum fee consistent with subsection (2), the fee shall not be more than 25 cents for each $1,000.00 of total assets of the savings bank as reported by the savings bank on its report of condition as of December 31 of the previous year.  (2) Each savings bank shall pay an annual supervisory fee which shall be not less than $1,000.00.  (3) The commissioner shall provide an invoice of the annual supervisory fee to each savings bank by July 1 of each year. The annual supervisory fee shall be paid by August 15 of that year.  (4) The initial supervisory fee for a savings bank that obtained a charter as a result of a conversion shall be based on the total assets as reported in its report of condition as of December 31 of the previous year under the prior charter.  (5) The initial supervisory fee of a savings bank newly organized and chartered under this act, during the initial supervisory year, shall be the minimum supervisory fee established by the commissioner.  (6) The commissioner shall periodically establish a schedule of fees, beyond those charged for normal supervision, to be paid for applications, special evaluations and analyses, and examinations, including examinations of trust services and safe deposit and collateral deposit companies.  (7) The fees established under subsection (6) shall be equal to the estimated cost to the bureau for conducting the activity for which the fee is imposed.  (8) The commissioner may charge reasonable fees for furnishing and certifying copies of documents or serving notices required by this act.  (9) To the extent any fees assessed under this act are unpaid when due, the commissioner may, upon proper notice, maintain an action against the savings bank for the recovery of the fees plus interest and costs.  (10) The fees collected under this section are not refundable and shall be paid into the state treasury to the credit of the bureau and used only for the operation of the bureau. History: 1996, Act 354, Imd. Eff. July 1, 1996 ;-- Am. 2000, Act 481, Imd. Eff. Jan. 11, 2001