{"data":{"id":"us-mi/mich.-comp.-laws-487.11106","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 487.11106","heading":"Use of designation or name.","body":"Sec. 1106.\n\nThe use of the word \"bank\", \"banker\", or \"banking\" or any foreign language words of similar meaning as a designation or name, or part of a designation or name under which business is or may be conducted in this state, is restricted to a national bank, a bank subject to this act, an out-of-state bank, a bank holding company registered under the bank holding company act, a foreign bank agency, a foreign bank branch, a savings and loan holding company as defined in 12 C.F.R. 583.20, or a savings bank that is lawfully conducting business in this state, unless that designation or name, taken as a whole, would not imply a banking business. Use of the term \"mortgage banker\" or \"mortgage banking\" in the name or assumed name of a licensee or registrant under the mortgage brokers, lenders, and servicers licensing act, 1987 PA 173, MCL 445.1651 to 445.1684, does not violate this section.","path":["MI Code","Chapter 487","Act Act-276-of-1999"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-487-11106","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"b60cd6c675095be1a8c0008e486c468c67594bea7bd0d19ffa5de57769d6866f","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-487.11105","next":"us-mi/mich.-comp.-laws-487.11107"},"notice":"GroundRules: Original legal text. Not legal advice."}