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Books, Accounts, And Records; Preservation - Mich. Comp. Laws Section 487.2141

Legal Research Home > Michigan Lawyer > Financial Institutions > Books, Accounts, And Records; Preservation - Mich. Comp. Laws Section 487.2141

DEFERRED PRESENTMENT SERVICE TRANSACTIONS ACT (EXCERPT)
Act 244 of 2005


487.2141 Books, accounts, and records; preservation.

Sec. 21.

Each licensee shall keep and use in its business any books, accounts, and records the commissioner requires under this act. A licensee shall preserve the books, accounts, and records for at least 3 years, unless applicable state or federal law concerning record retention requires a longer retention period.


History: 2005, Act 244, Imd. Eff. Nov. 28, 2005

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Last modified: January 1, 2008