Michigan adopts LO registration requirementsMortgagePress.comMichigan, loan officers, Jennifer Granholm, Michigan Office of Financial and Insurance Services
Michigan Gov. Jennifer Granholm signed a package of mortgage
loan officer registration bills into effect last week. The
legislative package requires loan officers to register with the
state, establishes notice and compensation requirements, and
creates a set of prohibited acts and practices for the group. The
legislation became effective on April 2, 2008. Loan officers must
register with the Michigan Office of Financial and Insurance
Services by January 1, 2009.
For more information, visit the Michigan Office of Financial
and Insurance Services Website by clicking here.