Michigan Office of Administrative Hearings and Rules  
MOAHR-Rules@michigan.gov  
AGENCY REPORT TO THE  
JOINT COMMITEE ON ADMNINISTRATIVE RULES (JCAR)  
1. 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  
E-mail of person completing this form:  
DurkinR@michigan.gov  
Name of Department Regulatory Affairs Officer reviewing this form:  
Jeff Hayden  
2. Rule Set Information  
MOAHR assigned rule set number:  
2023-44 IF  
Title of proposed rule set:  
Debt Management  
3. Purpose for 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.  
4. Summary of 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.  
5. List names of newspapers in which the notice of public hearing was published and  
publication dates:  
MCL 24.242 and 24.245  
Agency Report to JCAR-Page 2  
Lansing State Journal: March 18, 2024  
Detroit Free Press: March 18, 2024  
Daily Press (Escanaba): March 18, 2024  
6. Date of publication of rules and notice of public hearing in Michigan Register:  
3/15/2024  
7. Date, time, and location of public hearing:  
4/3/2024 10:00 AM at Ottawa Building, Conference Room #6 , 611 West Ottawa Street, Lansing,  
Michigan 48933  
8. 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  
9. 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  
10. Persons submitting comments of support:  
No person submitted any comment of support.  
11. Persons submitting comments of opposition:  
No person submitted any comment of opposition.  
12. Persons submitting other comments:  
No person submitted any other comment.  
13. Identify any changes made to the proposed rules based on comments received during the  
public comment period:  
Name &  
Organization public hearing  
Comments made at Written  
Comments  
Agency Rationale Rule number  
for Rule Change & citation  
and Description changed  
of Change(s)  
Made  
1
14.Date report completed:  
4/30/2024  
MCL 24.242 and 24.245  
;