Michigan Fee Schedule — Consumer Financial Services is a set of guidelines issued by the Michigan Office of Financial and Insurance Regulation (FIR). The fee schedule outlines the fees that may be charged for various consumer financial services, such as consumer credit, money transmission, debt collection, and check cashing. The fee schedule is divided into two main categories: State Fees and Permissible Fees. State Fees are fees set by the State of Michigan, which must be followed by all financial service providers. Permissible Fees are fees that may be charged by financial service providers, such as late payment fees, overdraft fees, and other fees. The Michigan Fee Schedule also outlines the terms and conditions of service, such as the minimum and maximum fees that service providers may charge for certain services. There are two types of Michigan Fee Schedule — Consumer Financial Services: Retail Fee Schedule and Non-Retail Fee Schedule. The Retail Fee Schedule applies to services provided to individuals, while the Non-Retail Fee Schedule applies to services provided to businesses.