# Mich. Comp. Laws § 492.108: License; application, rejection, grounds, notice; retention of fee

> Michigan · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.108

## Section

- **Citation:** Mich. Comp. Laws § 492.108
- **Heading:** License; application, rejection, grounds, notice; retention of fee
- **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 492.108

## Text

Sec. 8.

The administrator may reject any application for license or any application for renewal of a license if he is not satisfied that the financial responsibility and the general fitness of the applicant and of the owners, partners or members thereof, if the applicant be a partnership or association, and of the officers and directors, if the applicant be a corporation, are such as to warrant the belief that the business for which application for license is filed will be operated in accordance with the provisions of this act.

Whenever the administrator rejects an application for license he shall mail a notice of such action to the applicant and the applicant may, within 30 days of the date of such notice, appeal from such action to the circuit court in the manner provided for in section 9, subsection (d) of this act.

Whenever the administrator rejects an application for license, he shall retain the license fee which accompanied the application, to defray costs of investigation.

History: 1950, Ex. Sess., Act 27, Eff. Mar. 31, 1951

## 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)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MI_C492_AAct-27-of-1950-Ex-Sess-_S492.108. Check the current official text before relying on it. Not legal advice.