Michigan Administrative Code (Last Updated: November 16, 2016) |
Department IF. Insurance and Financial Services |
Financial Institutions |
Chapter Debt Management |
Section 451.1245. Charges for other services.
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(1) A firm or affiliate thereof shall not charge a debtor for any services or goods, or make other charges, unless the firm or affiliate has filed with the bureau a plan setting forth the basis of charges, and the bureau has determined that such charges in the future do not result in an excessive fee in violation of section 18 of the act.
(2) If a firm or affiliate thereof proposes to alter its plan of charges, the amended plan shall be filed with the bureau and approved prior to use.
History: 1979 AC.