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Where may mortgage loan documents be stored?

Books and records of the licensee/registrant may be kept at a location of its choosing.  If the documents are not made available in the State of Michigan, the licensee/registrant is required to pay the reasonable travel, lodging, and meal expenses of the examiners that travel out-of-state to review them, as provided by the Mortgage Brokers, Lenders, and Servicers Licensing Act, section 21(1), MCL 445.1671, and the Secondary Mortgage Loan Act, section 17(3), MCL 493.67.  Keep in mind, the federal Safeguards Rule requires records to be maintained in a safe and secure manner to limit unauthorized access to nonpublic personal information.