Michigan Office of Administrative Hearings and Rules
Administrative Rules Division (ARD)
REQUEST FOR RULEMAKING (RFR)
Insurance and Financial Services
3. Promulgation type:
4. Title of proposed rule set:
5. Rule numbers or rule set range of numbers:
R 451.1221 – R 451.1246
6. Estimated time frame:
Name of person filling out RFR:
E-mail of person filling out RFR:
Phone number of person filling out RFR:
Address of person filling out RFR:
530 W Allegan St, 8th Floor, Lansing, MI 48933
7. Describe the general purpose of these rules, including any problems the changes are intended
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.
8. Please cite the specific promulgation authority for the rules (i.e. department director,
commission, board, etc.).
These rules are promulgated under authority conferred on the director of the Department of
Insurance and Financial Services (“DIFS”) by MCL 451.432 and 451.415(5).
A. Please list all applicable statutory references (MCLs, Executive Orders, etc.).
MCL 451.432; MCL 451.415(5).
B. Are the rules mandated by any applicable constitutional or statutory provision? If so, please
No, the statutory authority for these rules is permissive.
9. Please describe the extent to which the rules conflict with or duplicate similar rules,
compliance requirements, or other standards adopted at the state, regional, or federal level.