Mich. Comp. Laws § 445.1677

Current through Public Act 57 of the 2024 Legislative Session
Section 445.1677 - Period within which to file application for license and proof of financial responsibility, to pay fees, or to register

Any mortgage broker, mortgage lender, or mortgage servicer engaged in activities covered by this act on the effective date of this act shall have 90 days after the effective date of this act in which to file an application for a license together with proof of financial responsibility as required by section 4, and to pay any required fees, or to register and pay any required registration fee. During the 90-day period, and until the commissioner acts on the application, the applicant shall be entitled to operate without a license but shall otherwise comply with all other provisions of this act.

MCL 445.1677

1987, Act 173, Imd. Eff. 11/18/1987 .