Mich. Admin. Code R. 259.807 – Records and crediting of payments. | Midpage
Rule 259.807
Mich. Admin. Code R. 259.807
Records and crediting of payments.
(By authority conferred on the aeronautics commission by section 3 of Act No. 107 of the Public Acts of 1969, as amended, and Executive Reorganization Order No. 1973-1, as amended, being SS259.253 and 247.821 of the Michigan Compiled Laws)Aeronautics Commission
The commission staff shall keep adequate records of loan repayments of principal and interest. Principal and interest payments shall be credited as provided by the act.