MCL - Index of Act 75 of 2009

NOTE: Dates reflect any modification to item, not necessarily a change in law.
Title Subject
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 loan processor or underwriter; establishment of licensing rules and interim procedures.
Section 493.135a Registered mortgage loan originator; temporary authority; requirements; time period; "state" defined.
Section 493.135b Out of state license; temporary authority; requirements; time period; "state" defined.
Section 493.135c Temporary authority; subject to laws of this state.
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; mailing of notice or issued to employer or principal; decision; judicial review; enforcement; violation of final order; "fraud" defined.
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 mortgage loan originator or person subject to investigation.
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.