Michigan Mortgage Loan Originator Licensing Act 2018 Schedule of Fees

The Michigan Department of Insurance and Financial Services has released the schedule of fees under the Mortgage Loan Originator Licensing Act for the licensing year January 1, 2018, to December 31, 2018.

The fees are as follows:

LICENSE APPLICATION

  • Loan Originator License fee: $250.00

AMENDMENT

  • Change in Employer/Sponsor fee: $100.00
  • Loan Originator Name & Business Address Amendment fee: $15.00

 

For the complete release, please refer to: Full Text

CLA Bankers Advisory is an Authorized MERS Patron Member

Reminder: MERS Annual Reports must be submitted by December 31, 2017! Contact us today to be sure your Annual Report is complete and submitted by the deadline. We can help all institutions meet this requirement—those required to have an external third-party signature, and those permitted to submit with an internal review.

  • Regulatory Compliance Consultant
  • Lexington, MA
  • 781-402-6400

Ryan Peters, JD, is a regulatory compliance consultant with Bankers Advisory. He is a graduate of the University of Maine and earned his juris doctor at Suffolk University Law School.

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