Section R. 445.702 - Initial or renewal registration; filing and contents of applicationRule 702.
(1) A franchise agent may obtain an initial or renewal registration by filing with the administrator an application, together with a consent to service of process on the form prescribed by the administrator. This application shall contain the information the administrator requires relating to the following:(a) The qualifications and business history of the applicant and its partners, officers, directors, or other persons occupying similar status or performing similar functions or a person, directly or indirectly, controlling the franchise agent.(b) The applicant's financial condition.(c) The applicant's proposed form of doing business.(d) Past misconduct on the part of the applicant or its partners, officers, or directors.(e) Other information necessary for the protection of the public.(2) An application for franchise agent registration shall be accompanied by a complete fingerprint record of the partners, officers, and directors of the franchise agent who shall be engaged in offers or sales of franchises in this state, the principal officer of the franchise agent, and the compliance officer on a form prescribed by the administrator, unless this requirement is waived or modified by the administrator.Mich. Admin. Code R. 445.702