Act

Mortgage brokers, lenders, and servicers licensing act

Mich. Comp. Laws § 445.1651— Short title
Mich. Comp. Laws § 445.1651a— Definitions
Mich. Comp. Laws § 445.1652— Mortgage broker, mortgage lender, or mortgage servicer; license or registration required; exemption; application; compensation or other remuneration; words contained in name or assumed name; "employee" defined
Mich. Comp. Laws § 445.1653— License or renewal; application; form; investigation; determination; issuance; indemnification
Mich. Comp. Laws § 445.1654— Proof of financial responsibility
Mich. Comp. Laws § 445.1655— Minimum net worth
Mich. Comp. Laws § 445.1656— Registration required; applicability of certain provisions; licensing or registration of real estate broker or salesperson; improper use of business name
Mich. Comp. Laws § 445.1657— Expiration of registration or license; renewal; application; fee; limitation; financial statement
Mich. Comp. Laws § 445.1658— Payment for investigation and annual operating fees; establishment of annual fee schedule; limitation; fees nonrefundable; action for delinquent payment; licensee or registrant report; penalties; establishment and administration of MBLSLA fund; basis for setting operating fee
Mich. Comp. Laws § 445.1659— Transfer or assignment of license or registration
Mich. Comp. Laws § 445.1660— Surrender, revocation, or suspension of license or registration; loss or destruction; affidavit
Mich. Comp. Laws § 445.1661— Powers of commissioner generally
Mich. Comp. Laws § 445.1662— Notice of intention to enter order of license or registration, suspension or revocation, or refusal to issue license; hearing; final order
Mich. Comp. Laws § 445.1663— Complaint; investigation; federal regulatory authority
Mich. Comp. Laws § 445.1664— Provisions applicable to investigation
Mich. Comp. Laws § 445.1665— Summary suspension of license or registration; order; affidavit; dissolution of summary suspension order; record
Mich. Comp. Laws § 445.1666— Cease and desist order; hearing; violation; injunction
Mich. Comp. Laws § 445.1667— Remedies cumulative
Mich. Comp. Laws § 445.1668— Notice of hearing on complaint; service; informal conference; settlement; compliance; hearing
Mich. Comp. Laws § 445.1668a— Fraud; prohibition; notice; hearing; order
Mich. Comp. Laws § 445.1668b— Hearing; final decision; judicial review; effect of review on order
Mich. Comp. Laws § 445.1668c— Enforcement of order; jurisdiction
Mich. Comp. Laws § 445.1668d— Violation as misdemeanor; penalty
Mich. Comp. Laws § 445.1668e— Violation of order; exceptions
Mich. Comp. Laws § 445.1669— Continuing to service mortgage loan or making mortgage after suspension or revocation of license or registration; termination of commitment; refund
Mich. Comp. Laws § 445.1670— Powers of commissioner in conducting examination or investigation; conduct of person subpoenaed as misdemeanor; conduct of investigation
Mich. Comp. Laws § 445.1671— Books, accounts, records, and documents; preservation and examination; reports; false statement as felony; penalty
Mich. Comp. Laws § 445.1672— Violations generally
Mich. Comp. Laws § 445.1672a— Mortgage loans; prohibited advertising
Mich. Comp. Laws § 445.1673— Reasonable and necessary charges; terms and conditions of guarantee
Mich. Comp. Laws § 445.1674— Annual statement and ledger history of borrower's account; fee prohibited
Mich. Comp. Laws § 445.1675— Applicability of act
Mich. Comp. Laws § 445.1675a— Exemptions; filing affidavit; failure to meet qualifications
Mich. Comp. Laws § 445.1676— Laws to which mortgage loan subject
Mich. Comp. Laws § 445.1677— Period within which to file application for license and proof of financial responsibility, to pay fees, or to register
Mich. Comp. Laws § 445.1678— Civil or criminal liability
Mich. Comp. Laws § 445.1679— Prohibited conduct; misdemeanor; penalty; violation of act or rules; civil fine; suspension or revocation of license or registration; refusal to issue or renew license or registration; restitution; proceedings subject to MCL 24.201 to 24.328; bona fide error
Mich. Comp. Laws § 445.1680— Effect of noncompliance on validity or enforceability of mortgage loan
Mich. Comp. Laws § 445.1681— Action to obtain declaratory judgment, injunction, or actual damages; limitation
Mich. Comp. Laws § 445.1682— Conservatorship
Mich. Comp. Laws § 445.1683— Mortgage industry advisory board; creation; requirements; communication of issues to commissioner; recommendations
Mich. Comp. Laws § 445.1684— Claims filed against proof of financial responsibility