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MORTGAGE LENDING PRACTICES
Act 135 of 1977
An act to prohibit certain mortgage lending practices by a credit granting institution; to prescribe the
powers and duties of the commissioner of the financial
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01
To fill out an act to prohibit, follow these steps:
02
Begin by clearly stating the purpose and intent of the act.
03
Provide a brief background or justification for why the act is necessary.
04
Outline the specific actions or behaviors that are being prohibited by the act.
05
Include any penalties or consequences for violating the act.
06
Specify the enforcement mechanisms or agencies responsible for ensuring compliance.
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Include any provisions for exemptions or special circumstances.
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Clearly define any terms or concepts that may be ambiguous or open to interpretation.
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Seek legal advice or consultation if needed before finalizing the act.
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What is an act to prohibit?
An act to prohibit is a legal measure that establishes restrictions or bans on certain activities, actions, or entities to protect public interest.
Who is required to file an act to prohibit?
Individuals or entities that are subject to the restrictions set forth in the act are required to file an act to prohibit, typically with a designated regulatory body.
How to fill out an act to prohibit?
To fill out an act to prohibit, one must complete the necessary forms provided by the governing authority, ensuring all required information is accurately provided and submitted by the specified deadline.
What is the purpose of an act to prohibit?
The purpose of an act to prohibit is to safeguard public health, safety, welfare, or the environment by curtailing harmful behaviors or practices.
What information must be reported on an act to prohibit?
Information that must be reported includes the nature of the prohibited act, the reasons for the prohibition, the entities involved, and any relevant dates or timelines.
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