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| | CIS - December 13, 1996 |
 | | Section 63 of the Administrative Procedures Act of 1969, MCL Section 24.263, allows an agency to issue a declaratory ruling, upon request by an interested person, as to how a statute administered by the agency would be applied to an actual state of facts. |
 | | Section 2(17) of the Act, MCL Section 492.102(17), defines the administrator of the Act as the Financial Institutions Bureau, thus the Bureau has authority to issue a declaratory ruling on the applicability of the Act to an actual state of facts. |
 | | Prior to amendment of the Act by Act No. 166 of the Public Acts of 1995 (effective April 1, 1996), the definition of "person" was broader, including, in addition to individuals and entities, their officers, directors, and employees, as follows: |
| www.michigan.gov /cis/0,1607,7-154-10555_20594_20597-51131--,00.html (1069 words) |
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