125.2322 Mobile home dealer; surety bond; deposit; rules. Sec. 22. The commission may promulgate rules to require a licensed mobile home dealer to post a surety bond in an amount up to $10,000.00 for each sales location and may determine conditions of the bond. An appropriate deposit of cash or securities shall be accepted in lieu of a bond which is required. History: 1987, Act 96, Imd. Eff. July 6, 1987 Admin Rule: R 125.1101 et seq. of the Michigan Administrative Code.
Michigan Legal Code