Mich. Comp. Laws § 487.2067
Prohibited activities or practices.
Michigan · Michigan Compiled Laws — CONSUMER FINANCIAL SERVICES ACT (Act 161 of 1988) · Status: effective
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- Mich. Comp. Laws § 487.2067, Prohibited activities or practices, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1366462
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Full text
A licensee under this act shall not do any of the following:
(a) Engage in the business of a real estate broker or real estate salesperson licensed under article 25 of the occupational code, 1980 PA 299, MCL 339.2501 to 339.2518.
(b) Engage in the business of a pawnbroker licensed under 1917 PA 273, MCL 446.201 to 446.219.
(c) Engage in the business of a debt management company licensed under the debt management act, 1975 PA 148, MCL 451.411 to 451.437.
(d) Entering into a tying arrangement through which the licensee conditions the sale of 1 financial service to a consumer on the agreement by the consumer to purchase 1 or more other financial services from the licensee, an affiliate, or subsidiary of the licensee.
(e) Knowingly permit a person to violate an order that has been issued under this act or any other financial licensing act that prohibits that person from being employed by, an agent of, or a control person of the licensee.