Michigan Laws > Chapter 338 > Act 99 of 1972 – Investigating Authority of Department of Licensing and Regulation
Current as of: 2023 | Check for updates
|
Other versions
§ 338.21 | Definitions |
§ 338.22 | Investigation and determination of complaints |
Terms Used In Michigan Laws > Chapter 338 > Act 99 of 1972 - Investigating Authority of Department of Licensing and Regulation
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department: means the department of licensing and regulation. See Michigan Laws 338.21
- Director: means the director of the department. See Michigan Laws 338.21
- Insurer: means an individual, corporation, association, partnership, reciprocal exchange, inter-insurer, Lloyds organization, fraternal benefit society, or other legal entity, engaged or attempting to engage in the business of making insurance or surety contracts. See Michigan Laws 500.106
- Revolving credit: A credit agreement (typically a credit card) that allows a customer to borrow against a preapproved credit line when purchasing goods and services. The borrower is only billed for the amount that is actually borrowed plus any interest due. (Also called a charge account or open-end credit.) Source: OCC