Mich. Comp. Laws § 460.629

Current through Public Act 190 of the 2024 Legislative Session

Section 460.629 - Failure to collect and remit assessments; penalties

A person that fails to collect or remit an assessment under this act shall pay to the commission the amount due, plus both of the following:

(a) A late fee of 10% of the amount due.

(b) An additional late fee of 1% of the amount due for each month the payment is overdue.

MCL 460.629

Added by 2020, Act 332,s 8, eff. 12/29/2020.