{"data":{"id":"us-mi/mich.-comp.-laws-490.218","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 490.218","heading":"Report from domestic credit union; requirements; notice; failure of domestic credit union to report by deadline; fine.","body":"Sec. 218.\n\nThe commissioner may require any report from a domestic credit union that in the commissioner's judgment is necessary to fully inform the commissioner about the condition of the domestic credit union. The commissioner shall give the domestic credit union notice in writing that a report is required, describing the report and the deadline for submission. The commissioner shall deliver the notice to the domestic credit union at least 30 days before the deadline for submission, unless the commissioner determines that a shorter period of time is necessary to protect the public interest.\n\nIf the domestic credit union fails to deliver to the commissioner a report required under subsection (1) by the deadline for submission, the commissioner may assess an administrative fine against the domestic credit union that does not exceed $1,000.00 for each day the report is delinquent.","path":["MI Code","Chapter 490","Act Act-215-of-2003"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-490-218","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"e6fc458fae7d9ddc16d3afd7c6b32d38f8351dedbecdaa364ff3b12b3854bd3b","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-490.217","next":"us-mi/mich.-comp.-laws-490.219"},"notice":"GroundRules: Original legal text. Not legal advice."}