Accelerated Payment Mortgage Counselor

Required State License(s):

A person(s) who is an authorized delegate of a licensed money transmission provider who encourages mortgagers to make biweekly or accelerated mortgage payments through a licensed money transmission provider does not require a license.

However, the company that is controlling the accounts involved in this pay early system may need a money transmission provider license from the Office of Financial and Insurance Regulation, Department of Licensing and Regulatory Affairs at 1- 877-999-6442 or visit the website at: www.michigan.gov/ofir.

Revised: 5/22/09