Michigan Office of Administrative Hearings and Rules  
Administrative Rules Division (ARD)  
MOAHR-Rules@michigan.gov  
AGENCY REPORT TO THE  
JOINT COMMITTEE ON ADMINISTRATIVE RULES (JCAR)  
AGENCY INFORMATION:  
Agency name:  
Insurance and Financial Services  
Division/Bureau/Office:  
Financial Institutions  
Name of person completing this form:  
Ryan Durkin  
Phone number of person completing this form:  
517-284-8609  
Email of person completing this form:  
DurkinR@michigan.gov  
Name of Department Regulatory Affairs Officer reviewing this form:  
Jeff Hayden  
RULE SET INFORMATION:  
MOAHR assigned rule set number:  
2023-44 IF  
Title of the proposed rule set:  
Debt Management  
1. Purpose of the proposed rules and background:  
This existing rule set, R 451.1221 to R 451.1246, implements and enforces the Debt Management Act (“DMA”), MCL  
451.411 to 451.437. The proposed rules would add clarity to firms regulated under the DMA and existing rules by: (1)  
requiring books and records to be kept current on a monthly basis; (2) updating references to a firm’s “manual” under  
R 451.1237; (3) clarifying requirements for the licensee’s budget analysis of the debtor; and (4) making other clarifying  
changes to the regulatory requirements under the DMA.  
2. Summary of the proposed rules:  
This existing rule set, R 451.1221 to R 451.1246, implements and enforces the Debt Management Act (“DMA”), MCL  
451.411 to 451.437. The proposed rules would add clarity to firms regulated under the DMA and existing rules by: (1)  
requiring books and records to be kept current on a monthly basis; (2) updating references to a firm’s “manual” under  
R 451.1237; (3) clarifying requirements for the licensee’s budget analysis of the debtor; and (4) making other clarifying  
changes to the regulatory requirements under the DMA.  
3. List names of newspapers in which the notice of public hearing was published and publication  
dates:  
Lansing State Journal: March 18, 2024  
Detroit Free Press: March 18, 2024  
Daily Press (Escanaba): March 18, 2024  
4. Date of publication of the proposed rules and notice of public hearing in the Michigan Register:  
3/15/2024  
5. Date, time, and location of the public hearing:  
4/3/2024 10:00 AM at Ottawa Building, Conference Room #6, 611 West Ottawa Street, Lansing, Michigan 48933  
MCL 24.242 and 24.245  
Agency Report to JCAR -Page 2  
6. Provide the link the agency used to post the regulatory impact statement and cost-benefit analysis  
on its website:  
https://ARS.apps.lara.state.mi.us/Transaction/RFRTransaction?TransactionID=1471  
7. List of the name and title of agency representative(s) who attended the public hearing:  
James Westrin, Director, Office of Consumer Finance  
Arnaud Diomande, Regional Supervisor, Consumer Finance Examination Section  
Ryan Durkin, Administrative Law Specialist  
8. Persons submitting comments of support:  
No person submitted any comment of support.  
9. Persons submitting comments of opposition:  
No person submitted any comment of opposition.  
10. Persons submitting other comments:  
No person submitted any other comment.  
11. Identify any changes made to the proposed rules based on comments received during the public  
comment period:  
None.  
12. Date report completed:  
5/7/2026  
MCL 24.242 and 24.245  
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