Mich. Admin. Code R. 451.1228 - Financial reports; audit

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

Rule 8.

(1) The department may at any time require the filing of special financial or other operational reports if it finds that such filing is in the public interest and for the protection of debtors.
(2) If a firm services more than 100 debtors, an audit is required of the firm annually. The audit must be done pursuant to an approved audit plan submitted by an independent accountant and accepted by the department in writing.

Notes

Mich. Admin. Code R. 451.1228
1979 AC; 2020 MR 17, Eff. 9/3/2020

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