487.2160 Prohibited conduct.Sec. 40. A licensee shall not do any of the following: (a) Enter 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 or an affiliate or subsidiary of the licensee. (b) 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. History: 2005, Act 244, Imd. Eff. Nov. 28, 2005
Michigan Legal Code