Act 173 of 1987 Mortgage Brokers, Lenders, and Servicers Licensing Act (445.1651 - 445.1684)

Act 173 of 1987 Mortgage Brokers, Lenders, and Servicers Licensing Act (445.1651 - 445.1684)

Section 445.1651 Short Title.
Section 445.1651a Definitions.
Section 445.1652 Mortgage Broker, Mortgage Lender, or Mortgage Servicer; License or Registration Required; Exemption; Application; Compensation or Other Remuneration; Words Contained in Name or Assumed Name; "Employee" Defined.
Section 445.1652a-445.1652c Repealed. 2009, Act 76, Eff. July 31, 2010.
Section 445.1653 License or Renewal; Application; Form; Investigation; Determination; Issuance; Indemnification.
Section 445.1654 Proof of Financial Responsibility.
Section 445.1655 Minimum Net Worth.
Section 445.1656 Registration Required; Applicability of Certain Provisions; Licensing or Registration of Real Estate Broker or Salesperson; Improper Use of Business Name.
Section 445.1657 Expiration of Registration or License; Renewal; Application; Fee; Limitation; Financial Statement.
Section 445.1658 Payment for Investigation and Annual Operating Fees; Establishment of Annual Fee Schedule; Limitation; Fees Nonrefundable; Action for Delinquent Payment; Licensee or Registrant Report; Penalties; Establishment and Administration of Mblsla Fund; Basis for Setting Operating Fee.
Section 445.1659 Transfer or Assignment of License or Registration.
Section 445.1660 Surrender, Revocation, or Suspension of License or Registration; Loss or Destruction; Affidavit.
Section 445.1661 Powers of Commissioner Generally.
Section 445.1662 Notice of Intention to Enter Order of License or Registration, Suspension or Revocation, or Refusal to Issue License; Hearing; Final Order.
Section 445.1663 Complaint; Investigation; Federal Regulatory Authority.
Section 445.1664 Provisions Applicable to Investigation.
Section 445.1665 Summary Suspension of License or Registration; Order; Affidavit; Dissolution of Summary Suspension Order; Record.
Section 445.1666 Cease and Desist Order; Hearing; Violation; Injunction.
Section 445.1667 Remedies Cumulative.
Section 445.1668 Notice of Hearing on Complaint; Service; Informal Conference; Settlement; Compliance; Hearing.
Section 445.1668a Fraud; Prohibition; Notice; Hearing; Order.
Section 445.1668b Hearing; Final Decision; Judicial Review; Effect of Review on Order.
Section 445.1668c Enforcement of Order; Jurisdiction.
Section 445.1668d Violation as Misdemeanor; Penalty.
Section 445.1668e Violation of Order; Exceptions.
Section 445.1669 Continuing to Service Mortgage Loan or Making Mortgage After Suspension or Revocation of License or Registration; Termination of Commitment; Refund.
Section 445.1670 Powers of Commissioner in Conducting Examination or Investigation; Conduct of Person Subpoenaed as Misdemeanor; Conduct of Investigation.
Section 445.1671 Books, Accounts, Records, and Documents; Preservation and Examination; Reports; False Statement as Felony; Penalty.
Section 445.1672 Violations Generally.
Section 445.1672a Mortgage Loans; Prohibited Advertising.
Section 445.1672b Repealed. 2009, Act 76, Eff. July 31, 2010.
Section 445.1673 Reasonable and Necessary Charges; Terms and Conditions of Guarantee.
Section 445.1674 Annual Statement and Ledger History of Borrower's Account; Fee Prohibited.
Section 445.1675 Applicability of Act.
Section 445.1675a Exemptions; Filing Affidavit; Failure to Meet Qualifications.
Section 445.1676 Laws to Which Mortgage Loan Subject.
Section 445.1677 Period Within Which to File Application for License and Proof of Financial Responsibility, to Pay Fees, or to Register.
Section 445.1678 Civil or Criminal Liability.
Section 445.1679 Prohibited Conduct; Misdemeanor; Penalty; Violation of Act or Rules; Civil Fine; Suspension or Revocation of License or Registration; Refusal to Issue or Renew License or Registration; Restitution; Proceedings Subject to Mcl 24.201 to 24.328; Bona Fide Error.
Section 445.1680 Effect of Noncompliance on Validity or Enforceability of Mortgage Loan.
Section 445.1681 Action to Obtain Declaratory Judgment, Injunction, or Actual Damages; Limitation.
Section 445.1682 Conservatorship.
Section 445.1683 Mortgage Industry Advisory Board; Creation; Requirements; Communication of Issues to Commissioner; Recommendations.
Section 445.1684 Claims Filed Against Proof of Financial Responsibility.

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