Mich. Admin. Code R. 451.1225
Current through Vol. 24-24, January 15, 2025
Rule 5. If a surety company gives 30 days' notice of termination of a bond, the firm, if continuing in the debt management business, shall furnish a satisfactory new bond before the expiration of the 30 days. Failure to maintain a bond is cause for issuance of a summary suspension order.
Mich. Admin. Code R. 451.1225