Michigan Mortgage Loan Originator License

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Individual New Application
Agency Requirements
MI
MICHIGAN MORTGAGE LOAN ORIGINATOR LICENSE
This document includes instructions for an individual new application request.
Total license costs: $280 including the NMLS processing fee. A $15 fee for a credit report will be added if
one has not been authorized through NMLS in the past 30 days. You will also pay an additional $36.25 if
you authorize a criminal background check at time of application. Fees collected through NMLS ARE
NOT REFUNDABLE.
A sponsorship request must be submitted by your employer before your application request will be
approved.
Applicants must provide a surety bond. There are two surety bond options:
1) Individual MLO Surety Bond – form FIS-2135
2) Company MLO Surety Bond – form FIS-2137
Each bond form includes specific instructions for completion, including coverage amounts.
Use the checklist below to complete the requirements for Michigan. The checklist provides
instructions and requirements for information to be entered in NMLS, the documents that must be
uploaded into NMLS, as well as the documents that must be sent outside NMLS.
For help with the NMLS application, see the
Quick Guide for Individual Form Filing
in NMLS.
Agency specific requirements marked Filed in NMLS must be completed in NMLS; this information will
not be viewable to the agency until the application has been submitted through NMLS.
Agency specific requirements marked Attached on the checklist below must be received with this
checklist within 5 business days of the electronic submission of your application through NMLS at the
following:
For U.S. Postal Service:
For Overnight Delivery:
Department of Insurance and Financial Services
Department of Insurance and Financial Services
Consumer Finance Section
Consumer Finance Section
P.O. Box 30220
530 W. Allegan St., 7
th
Floor
Lansing, MI 48909-7720
Lansing, MI 48933
Updated: 3/31/2016
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