Mich. Comp. Laws § 445.487
Failure to make entry in records as misdemeanor or felony; penalty.
Michigan · Michigan Compiled Laws — THE PRECIOUS METAL AND GEM DEALER ACT (Act 95 of 1981) · Status: effective
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- Citation
- Mich. Comp. Laws § 445.487, Failure to make entry in records as misdemeanor or felony; penalty, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1362601
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Full text
(1) A dealer or an agent or employee of a dealer who knowingly fails to make an entry of any material matter in his or her records kept as required by section 4 is guilty of a misdemeanor, punishable by imprisonment for not more than 1 year, or a fine of $1,000.00, or both.
(2) A dealer or an agent or employee of a dealer who knowingly violates subsection (1) a subsequent time is guilty of a felony, punishable by imprisonment for not more than 2 years, or a fine of $5,000.00, or both.