Mich. Admin. Code R. 445.1030 - Violation of act; fine; recommendation in proposal for decision

Current through Vol. 22-05, April 1, 2022

Rule 30.

(1) If after an investigation the commissioner, or a representative of the commissioner concludes that the credit-granting institution has violated the act, the report of findings shall contain a recommendation stating whether a fine should be imposed pursuant to section 12 of the act.
(2) If the report of findings contains a conclusion that the act has been violated, recommends the imposition of a fine, or both, a notice of opportunity for a contested case hearing shall accompany the report of findings served on the chief executive officer of the credit-granting institution.


Mich. Admin. Code R. 445.1030
1979 AC; 1995 AACS

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