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Loan Broker Licensing Information
Required State License(s):
There is no state license unless the individual or business is brokering:
1) Real estate mortgages: See "Mortgage Broker.
2) Investments rather than loans (the distinction may require professional advice) -- requires an Investment Advisor license from 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
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