Mich. Comp. Laws § 445.1521: Certain facts not to constitute finding or approval; representation inconsistent with section prohibited.

Sec. 21.

The fact that documents required under this act are filed does not constitute a finding by the department that a document filed under this act is true, complete, or not misleading. Neither any such fact nor the fact that an exemption is available for a transaction means that the department has passed in any way upon the merits or qualifications of, or recommended or given approval to, any persons, franchise, or transaction.

A person shall not make or cause to be made to a prospective purchaser or offeree a representation inconsistent with this section.