Sec. 41.
The unique identifier of any person originating a residential mortgage loan in this state shall be clearly shown on all residential mortgage loan application forms, solicitations, or advertisements, including business cards or websites, and any other documents, as established by rule or order of the commissioner.
History: 2009, Act 75, Eff. July 31, 2009
Structure Michigan Compiled Laws
Chapter 493 - Regulatory Loans
Act 75 of 2009 - Mortgage Loan Originator Licensing Act (493.131 - 493.171)
Section 493.131 - Short Title.
Section 493.133 - Definitions.
Section 493.135c - Temporary Authority; Subject to Laws of This State.
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 493.153 - Process for Challenging Information Entered.
Section 493.155 - Powers of Commissioner; Finding of Violation or Noncompliance; Fine.
Section 493.159 - Surety Bond.
Section 493.161 - Privacy or Confidentiality of Information or Material.
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.