Bank
Credit Union
Consumer Finance
Mortgage
Financial Education
Insurance Fraud
Disaster Preparedness
Banking
Consumer Finance and Mortgage
Office of Credit Unions (OCU)
Insurance
How our department monitors insurance market practices
Insurance Company Contract and Rate Filings
DIFS Prohibition Orders for Consumer Finance and Credit Union.
Licensing - Insurance
Licensing - Consumer Finance and Mortgage
State-chartered Bank and State-chartered Savings Bank forms.
Consumer Finance and Mortgage Forms
Credit Union Forms
Insurance Forms
BIDCO and Anti-Redlining Forms.
Press Releases
Publications
A list of reports produced by our Department.
Frequently Asked Questions
The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer.
The SAFE Act Final Rule defines “offers or negotiates terms for compensation or gain” as follows:
“(1)(A) Presents for consideration by a borrower or prospective borrower particular residential mortgage loan terms;
(B) Communicates directly or indirectly with a borrower, or prospective borrower for the purpose of reaching a mutual understanding about prospective residential mortgage loan terms; or
(C) Recommends, refers, or steers a borrower or prospective borrower to a particular lender or set of residential mortgage loan terms, in accordance with a duty to or incentive from any person other than the borrower or prospective borrower, and
(2) Receives or expects to receive payment of money or anything of value in connection with the activities described above or as a result of any residential mortgage loan terms entered into as a result of such activities.”
