DELEG - Mortgage and Consumer Finance

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Mortgage and Consumer Finance Section

The Mortgage and Consumer Finance section is responsible for licensing, examining, investigating, and supervising over 7,000 licensees and registrants pursuant to the folliwing seven Michigan consumer finance statutes: Consumer Financial Services Act, Credit Card Act, Mortgage Brokers, Lenders, and Servicers Licensing Act, Motor Vehicle Sales Finance Act, Regulatory Loan Act, Sale of Checks Act, and the Secondary Mortgage Loan Act. The section supervises non-depository licensees and registrants to ensure each operates safely, responsibly, and in compliance with applicable law.

What's New

• First Mortgage Renewal Notice PDF icon

• Effective Immediately, First and Second Mortgage
applications are combined. Start with form FIS 1140 Michigan Specific Forms for Mortgage Application.

• Bulletin 2008-02-CF PDF icon
CPI-Adjusted Regulatory Loan Act Loan Processing Fee

• Military Annual Percentage Rate (MAPR) Requirement of All DP Providers PDF icon

• Motor Vehicle Sales Renewal Notice PDF icon

• Mortgage Workshop Application Registration

• Upcoming Mortgage Seminar Registration

Mortgage Industry Advisory Board

• FIS 2254 Loan Officer Pre-Registration Education Provider/Course Application PDF icon

• FIS 2255 Instructor Application PDF icon

• Course Content Outline PDF icon

• 7-17-2008 Letter to prospective Loan Officer Education Providers PDF icon

• RFP posted for loan officer registration testing vendor DOC icon

• 2009 Board Meeting Minutes PDF icon

• 2008 Board Meeting Minutes PDF icon

• Loan Officer/Mortgage Industry Advisory Board Members Approved

• OFIR-MIAB Roles Memo PDF icon

• MIAB Bylaws PDF icon

• Loan Officer Michigan Registration Page

Commissioners Orders, Rulings and Communications

• OFIS Commissioner Orders Payday Loan Companies to Stop Overcharging Consumers

• Advertising Letter

Regulated Entities

• Mortgage and Consumer Finance Licensee/Registrant Locator

• Consumer Financial Service Licensee (Omnibus) Locator

• Credit Card Licensee Locator

• Deferred Presentment Locator

• Motor Vehicle Installment Seller Licensee Locator

• Motor Vehicle Sales Finance Licensee Locator

• Regulatory Loan Licensee Locator

• Debt Management Locator

Enforcements and Prohibitions

• Enforcements and Prohibitions

Reports

• Our current Annual Report PDF icon

• American Association of Residential Mortgage Regulators

• Michigan Mortgage Brokers Association

• Michigan Mortgage Lenders Association

Codes and Acts

• Deferred Presentment Database is Fully Operational
2002 PA 660, MCL 445.1631 to 445.1645, effective December 23, 2002

• Deferred Presentment Database is Fully Operational PDF icon

• Deferred Presentment Services Transaction Act

• Sale of Checks Act

• Motor Vehicle Sales Finance Act

• Consumer Financial Services Act

• Credit Card Arrangements Act

• Mortgage Brokers, Lenders, and Servicers Licensing Act

• The Secondary Mortgage Loan Act

• Regulatory Loan Act

• Money Transmission Services Act

Bulletins and Statements

• Statement on Subprime Mortgage Lending PDF icon

• Consumer Finance Industry Bulletins

• Financial Institutions Position Statements

• Mortgage Industry Bulletins

• Non-traditional Mortgage Products Guidance PDF icon

• OFIR Bulletins

Forms

• Annual Mortgage Report Form

• Mortgage Financial Statement Report Form

• Mortgage and Consumer Finance Application Forms


	Other DELEG Agencies
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•	MI Public Service Commission
•	MI State Housing Development Authority
•	Tax Tribunal
•	Unemployment Insurance Agency
•	Workers' Compensation Agency