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What fees will be required to amend a loan officer registration?
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When must a loan officer registrant provide written notification to the commissioner?
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When must a licensee or registrant provide written notification to the commissioner?
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What is the procedure for a loan officer registrant to change his/her address?
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What is the procedure for a loan officer registrant to change his/her name?
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What is the procedure for a loan officer registrant to change employer/sponsorship?
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Does a loan officer registrant need to obtain another criminal history check when changing employer/sponsor?
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What fees will be required to amend a loan officer registration? |
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$15 for change of residence address
$15 for change of name
$100 for change due to new employment/sponsorship |
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When must a loan officer registrant provide written notification to the commissioner? |
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- A loan officer registrant shall provide written notification to the commissioner within 10 days after the following occurs:
- His or her employment or agency relationship with a licensee or registrant is terminated.
- He or she begins employment or an agency relationship with a licensee or registrant.
- He or she changes home address.
- He or she changes personal telephone number.
- He or she changes personal electronic mail address.
- He or she is convicted of or pleads guilty or no contest to a misdemeanor involving embezzlement, forgery, fraud, a financial transaction, or securities.
- He or she is convicted of or pleads guilty or no contest to a felony
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When must a licensee or registrant provide written notification to the commissioner? |
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- A licensee or registrant shall provide written notice to the commissioner within 20 days after the following occurs:
- Hiring or engaging an individual as a loan officer.
- Terminating the employment of or agency relationship with a loan officer.
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What is the procedure for a loan officer registrant to change his/her residence address? |
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See the NMLS Resource Center for Michigan’s amendment instructions: http://www.stateregulatoryregistry.org/AM/Template.cfm?Section=Michigan
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What is the procedure for a loan officer registrant to change his/her name? |
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See the NMLS Resource Center for Michigan's amendment instructions: http://www.stateregulatoryregistry.org/AM/Template.cfm?Section=Michigan |
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What is the procedure for a loan officer registrant to change employer/sponsorship? |
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See the NMLS Resource Center for Michigan's amendment instructions: http://www.stateregulatoryregistry.org/AM/Template.cfm?Section=Michigan |
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Does a loan officer registrant need to obtain another criminal history check when changing employer/sponsor? |
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Yes. The loan officer registrant will use the new employer/sponsor's Agency ID number. |
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