Mich. Comp. Laws § 451.421

Current through Public Act 171 of the 2024 Legislative Session
Section 451.421 - License; applicable provisions

All of the following apply to a license:

(a) The director shall prescribe the form and size of a license.
(b) A license shall show the name of the licensee and the address at which the business of debt management is to be conducted.
(c) A license shall show the date of expiration of the license as December 31, and show any other information prescribed by the director.
(d) While the license is in force, the licensee shall at all times conspicuously display the license in the outer office of the licensee or branch office of the licensee, if that office offers in-person services to consumers, and state on an internet website that is available to the public that the licensee is licensed in this state.
(e) A license is not transferable or assignable.
(f) A licensee shall surrender a license to the department within 5 business days after the date that the licensee either ceases to engage in the business of debt management or the date the license is revoked.

MCL 451.421

Amended by 2014, Act 362,s 7, eff. 3/16/2015.
1975, Act 148, Eff. 3/31/1976 ;--Am. 2000, Act 255, Imd. Eff. 6/29/2000.