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Civil Fine - Mich. Comp. Laws Section 487.1046

Legal Research Home > Michigan Lawyer > Financial Institutions > Civil Fine - Mich. Comp. Laws Section 487.1046

MONEY TRANSMISSION SERVICES ACT (EXCERPT)
Act 250 of 2006


487.1046 Civil fine.

Sec. 46.

The commissioner may assess a civil fine against a person that violates this act, a rule promulgated or an order or ruling issued by the commissioner under this act, or any other applicable state or federal law in an amount that does not exceed $10,000.00 per day for each day the violation continues, plus this state's costs and expenses for the investigation and prosecution of the matter, including reasonable attorney fees.


History: 2006, Act 250, Imd. Eff. July 3, 2006

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Last modified: January 1, 2008