Michigan Publishes Annual Licensing Fees

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Ballard Spahr LLP

The Michigan Department of Insurance and Financial Services published its annual licensing fees under the Mortgage Loan Originator Licensing Act as follows:

  • Loan Originator License Fee: $250
  • Change in Employer/Sponsor Fee: $100
  • Loan Originator Name and Business Address Amendment Fee: $15

The fees are the same as in 2017 and are effective from January 1, 2018 through December 31, 2018.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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