Mich. Admin. Code R. 451.1225 - Notice of termination of bond

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

Rule 5. If a surety company gives 30 days' notice of termination of a bond, the firm, if continuing in the debt management business, shall furnish a satisfactory new bond before the expiration of the 30 days. Failure to maintain a bond is cause for issuance of a summary suspension order.


Mich. Admin. Code R. 451.1225
1979 AC; 2020 MR 17, Eff. 9/3/2020

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