Michigan Administrative Code
Department - Attorney General
Consumer Protection and Charitable Trusts Division
Franchises
Part 6 - FRANCHISE AGENTS
Section R. 445.608 - Franchise compliance officer

Universal Citation: MI Admin Code R. 445.608

Current through Vol. 24-16, September 15, 2024

Rule 608.

(1) A franchisor, subfranchisor, or franchise agent employing franchise agents shall designate a franchise compliance officer, whose responsibility it shall be to:

(a) Determine that the activities of its franchise agents are in compliance with the statutes and rules of the state.

(b) Prepare and forward to the administrator a compliance manual which shall thereafter be distributed to each franchise agent.

(c) Insure that each agent is at all times familiar with the act and rules thereunder, and the compliance manual.

(2) The compliance manual shall consist of a copy of the act, rules, and instructions necessary to relate the statutes and rules to the franchise being offered and the procedures of the offering.

(3) Should an agent be terminated by a franchisor, or voluntarily terminate his employment due to actions involving a violation of the franchise investment law or rules thereunder, the franchise compliance officer shall promptly report the termination and the cause therefor on the form prescribed by the administrator.

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