Michigan Compiled Laws

Mich. Comp. Laws § 445.917 (2026)

Investigation of financial institutions; subpoena; report.

✓ current as of July 2026

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MICHIGAN CONSUMER PROTECTION ACT

Act 331 of 1976

445.917 Investigation of financial institutions; subpoena; report.

Sec. 17.

(1) The commissioner of the financial institutions bureau may investigate, in the manner set forth in section 7, a state or federally chartered bank, savings and loan association, or credit union, or a regulatory loan licensee which the commissioner believes has engaged, is engaging, or is about to engage in a method, act, or practice which is unlawful under this act.

(2) When the commissioner requires the use of the subpoena power provided in this act, an application shall be made to the attorney general, who shall proceed to procure a subpoena on behalf of the commissioner in accordance with section 7.

(3) Upon conclusion of an investigation, the commissioner shall provide a full report to the attorney general.

History: 1976, Act 331, Eff. Apr. 1, 1977

Notes of Decisions

Cited in 2 cases, 2004–2004 · leading case: Newton v. Bank West, 686 N.W.2d 491 (Mich. Ct. App. 2004).

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Newton v. Bank West, 686 N.W.2d 491 (Mich. Ct. App. 2004). · cites it 2× “We find no merit in plaintiffs argument that the language of MCL 445.917 and MCL 445.903(1)(o) conclusively establish that the MCPA applies to real estate mortgage loans made by banks.”

Newton v. West, 686 N.W.2d 491 (Mich. Ct. App. 2004). · cites it 2× “We find no merit in plaintiff's argument that the language of MCL 445.917 and MCL 445.903(1)( o ) conclusively establish *495 that the MCPA applies to real estate mortgage loans made by banks.”

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