Michigan Collections Manager License Practice Test

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Prepare for the Michigan Collections Manager License Test with flashcards and multiple choice questions. Each question is equipped with hints and detailed explanations to enhance your understanding and readiness.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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If the department fails to respond to an application within 90 days, what happens to the fees?

Fees are forfeited
Fees are credited towards the next application
Fees are refunded
Fees are increased for resubmission

The correct answer is: Fees are refunded

When the department fails to respond to an application within the specified 90-day period, the protocol is to refund the fees associated with that application. This policy is in place to ensure fairness and accountability in processing applications. If the application is not addressed in a timely manner, the applicant should not be penalized by losing their fees, since the delay was not their fault. Thus, the correct answer highlights that the fees are refunded, allowing applicants to have the opportunity to reapply without being at a financial loss due to the department's lack of response.