# Mich. Comp. Laws § 492.107: License certificate; issuance; posting; license nontransferable and nonassignable; change in business location; notice; amendment of license certificate; fee; operating more than 1 place of business > Michigan · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.107 ## Section - **Citation:** Mich. Comp. Laws § 492.107 - **Heading:** License certificate; issuance; posting; license nontransferable and nonassignable; change in business location; notice; amendment of license certificate; fee; operating more than 1 place of business - **Jurisdiction:** Michigan - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** MI Code / Chapter 492 / Act Act-27-of-1950-Ex-Sess- / Section 492.107 ## Text Sec. 7. Upon approving a license application, the administrator shall issue to the applicant a license certificate showing the name of the person authorized to do business under the license and the business address of the licensee. Upon issuance to a licensee, a license certificate shall be posted in a conspicuous place in the place of business of the licensee in full view of the public at all times. A license shall not be transferable or assignable. A licensee may change his or her place of business to another location within the same municipality for which the license certificate was issued. A licensee desiring to change the address of his or her place of business shall give prior written notice to the administrator and shall return the license certificate to the administrator for amendment. The administrator shall amend the license certificate to show the new address and the date of the change, which shall then be the authorized address of the licensee. A licensee shall pay a fee of $10.00 to amend a license certificate. Only 1 place of business may be operated under the same license. A licensee may operate more than 1 place of business by filing an application on the prescribed form for each additional place of business and complying with the bond and license fee provisions of this act. For an installment seller only, if every place of business is conducted in 1 city under 1 name and all business records are continuously kept in 1 place, only 1 license shall be required for all places of business conducted in that city. History: 1950, Ex. Sess., Act 27, Eff. Mar. 31, 1951; Am. 1988, Act 242, Eff. Aug. 1, 1988 ## Nearby sections - [Mich. Comp. Laws § 492.101 Motor vehicle sales finance act; short title.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.101.md) - [Mich. Comp. Laws § 492.102 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.102.md) - [Mich. Comp. Laws § 492.103 Installment seller of motor vehicles; sales finance company; license required.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.103.md) - [Mich. Comp. Laws § 492.104 License; application; form; contents; appointment of statutory agent; service of process; separate application for each place of business; renewal.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.104.md) - [Mich. Comp. Laws § 492.105 Bond to accompany first license application; bond applicable to principal place of business; form; penal sum; execution; condition; action on bond; filing new bond or renewal certificate.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.105.md) - [Mich. Comp. Laws § 492.106 License; application; fee; abatement in amount of license fee; expiration of license; examination fee; hourly rate and per contract rate; invoice; payment; disposition and use of fees and expenses.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.106.md) - [Mich. Comp. Laws § 492.106a Receipt of completed application for new or renewal license; issuance of license within certain time period; report.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.106a.md) - [Mich. Comp. Laws § 492.107 License certificate; issuance; posting; license nontransferable and nonassignable; change in business location; notice; amendment of license certificate; fee; operating more than 1 place of business.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.107.md) - [Mich. Comp. Laws § 492.108 License; application, rejection, grounds, notice; retention of fee.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.108.md) - [Mich. Comp. Laws § 492.109 License; revocation or suspension; grounds; appeal.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.109.md) - [Mich. Comp. Laws § 492.110 Investigation and examination of records; access to place of business; required witness attendance; subpoena; forms, rules and regulations.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.110.md) - [Mich. Comp. Laws § 492.111 Books, accounts and records; maintenance.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.111.md) - [Mich. Comp. Laws § 492.112 Installment sale contract; contents; signatures; buyer's copy; notice; form; delivery acknowledgment; payments; applicability.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.112.md) - [Mich. Comp. Laws § 492.113 Installment sale contract; contents; collateral security; notice of legal rights; liability.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.113.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.107. Check the current official text before relying on it. Not legal advice.