§ 445.1651 |
Short title |
§ 445.1651a |
Definitions |
§ 445.1652 |
Mortgage broker, mortgage lender, or mortgage servicer; license or registration required; exemption; application; applicability of subsection (3) after March 31, 2009; “residential mortgage originator” defined; applicability of subsection (5) after March |
§ 445.1652a |
Performance of services by employee or agent of licensee or registrant; criminal history check; application for loan officer registration; form; performance of services while application pending; issuance of registration prohibited; conditions; registrati |
§ 445.1652b |
Loan officer registration; validity; duration; termination; application for renewal; fee; form; process for submission of renewal; information to be included; affidavit disclosing criminal conviction of or plea of no contest; renewal prohibited; condition |
§ 445.1652c |
Written notice to be provided to commissioner by loan officer registrant; conditions |
§ 445.1653 |
License or renewal; application; form; investigation; determination; issuance; indemnification |
§ 445.1654 |
Proof of financial responsibility |
§ 445.1655 |
Minimum net worth |
§ 445.1656 |
Registration required; applicability of certain provisions; licensing or registration of real estate broker or salesperson; improper use of business name |
§ 445.1657 |
Expiration of registration or license; renewal; application; fee; limitation; financial statement |
§ 445.1658 |
Payment of 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 s |
§ 445.1659 |
Transfer or assignment of license or registration |
§ 445.1660 |
Surrender, revocation, or suspension of license, registration, or loan officer registration; loss or destruction; affidavit |
§ 445.1661 |
Powers of commissioner generally |
§ 445.1662 |
Notice of intention to enter order of license or registration, suspension or revocation, or refusal to issue license; hearing; final order |
§ 445.1663 |
Complaint; investigation; federal regulatory authority |
§ 445.1664 |
Provisions applicable to investigation |
§ 445.1665 |
Summary suspension of license or registration; order; affidavit; dissolution of summary suspension order; record |
§ 445.1666 |
Cease and desist order; hearing; violation; injunction |
§ 445.1667 |
Remedies cumulative |
§ 445.1668 |
Notice of hearing on complaint; service; informal conference; settlement; compliance; hearing |
§ 445.1668a |
Fraud; prohibition; notice; hearing; order |
§ 445.1668b |
Hearing; final decision; judicial review; effect of review on order |
§ 445.1668c |
Enforcement of order; jurisdiction |
§ 445.1668d |
Violation as misdemeanor; penalty |
§ 445.1668e |
Violation of order; exceptions |
§ 445.1669 |
Continuing to service mortgage loan or making mortgage after suspension or revocation of license or registration; termination of commitment; refund |
§ 445.1670 |
Powers of commissioner in conducting examination or investigation; conduct of person subpoenaed as misdemeanor; conduct of investigation |
§ 445.1671 |
Books, accounts, records, and documents; preservation and examination; reports; false statement as felony; penalty |
§ 445.1672 |
Violations generally |
§ 445.1672a |
Mortgage loans; prohibited advertising |
§ 445.1672b |
Loan officer registrant; prohibited conduct |
§ 445.1673 |
Reasonable and necessary charges; terms and conditions of guarantee |
§ 445.1674 |
Annual statement and ledger history of borrower’s account; fee prohibited |
§ 445.1675 |
Applicability of act |
§ 445.1675a |
Exemptions; filing affidavit; failure to meet qualifications |
§ 445.1676 |
Laws to which mortgage loan subject |
§ 445.1677 |
Period within which to file application for license and proof of financial responsibility, to pay fees, or to register |
§ 445.1678 |
Civil or criminal liability |
§ 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 er |
§ 445.1680 |
Effect of noncompliance on validity or enforceability of mortgage loan |
§ 445.1681 |
Action to obtain declaratory judgment, injunction, or actual damages; limitation |
§ 445.1682 |
Conservatorship |
§ 445.1683 |
Mortgage industry advisory board; creation; requirements; communication of issues to commissioner; recommendations; “secondary mortgage loan act” defined: |
§ 445.1684 |
Claims filed against proof of financial responsibility |