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MICHIGAN STATUTES AND CODES
Act 75 of 2009 - MORTGAGE LOAN ORIGINATOR LICENSING ACT (493.131 - 493.171)
- Section 493.131 - Short title.
- Section 493.133 - Definitions.
- Section 493.135 - Engaging in business of mortgage loan originator; license required; exemptions; independent contractor; establishment of licensing rules and interim procedures; date required for obt
- Section 493.137 - Application; form; fee; criminal history check; relationships or contracts with nationwide mortgage licensing system and registry; furnishing certain information; use.
- Section 493.139 - Issuance of mortgage loan originator license; findings; conviction.
- Section 493.141 - Prelicensing education requirements.
- Section 493.143 - Qualified written test.
- Section 493.145 - Annual renewal; expiration; reinstatement.
- Section 493.147 - Continuing education requirements.
- Section 493.149 - Fees; reports; penalties; deposit of money in MBLSLA fund; limitation on fee levels.
- Section 493.151 - Mortgage loan originators; license and registration through nationwide mortgage licensing system and registry; rules.
- Section 493.153 - Process for challenging information entered.
- Section 493.155 - Powers of commissioner; finding of violation or noncompliance; fine.
- Section 493.157 - Fraud; notice of intent to prohibit licensure; contents; hearing; order; service; application to terminate order; imminent threat of financial loss to customers; conviction of felony
- Section 493.159 - Surety bond.
- Section 493.161 - Privacy or confidentiality of information or material.
- Section 493.163 - Investigations and examinations; access to books and records; reports; control of access to documents or records; duties and authority of commissioner; prohibited conduct by licensed
- Section 493.165 - Licensed mortgage loan originator; prohibited conduct.
- Section 493.167 - Reports of condition.
- Section 493.169 - Report of violations; rules.
- Section 493.171 - Unique identifier of originator of residential mortgage loan.
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