50-State Financial Services Licensing Compliance Guide
An overhead view of a laptop and calculator

Michigan Finance Licensing

Someone pointing to a stock chart displayed on a laptop

Licenses are typically required for individuals and businesses that provide finance industry services in the United States. This guide contains information about professional finance licensing in Michigan.

Filter LicensesClear Filters
Company Licenses
(1)
(1)
(3)
(15)
(11)
(6)
(2)
Individual Licenses
(1)
(1)

Company Licenses

Michigan Financial Services Company Licenses

Michigan 1st Mortgage Broker License

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Michigan 1st Mortgage Broker Registration

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Michigan 1st Mortgage Broker/Lender License

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Michigan 1st Mortgage Broker/Lender Registration

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Michigan 1st Mortgage Broker/Lender/Servicer License

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Michigan 1st Mortgage Broker/Lender/Servicer Registration

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Michigan 2nd Mortgage Broker License

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Michigan 2nd Mortgage Broker Registration

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Michigan 2nd Mortgage Broker/Lender License

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Michigan 2nd Mortgage Broker/Lender Registration

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Michigan 2nd Mortgage Broker/Lender/Servicer License

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Michigan 2nd Mortgage Broker/Lender/Servicer Registration

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Michigan Collection Agency License

Agency:Michigan Department of Licensing and Regulatory Affairs (LARA) - Bureau of Professional Licensing
Law:

MCL § 339.904

Foreign Qualification is Prerequisite:Not Set
Bond Requirements:

Between $5,000 and $50,000.

Notes:

Michigan does not issue branch office licenses, but agencies with multiple locations will each need an agency license.

Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Registration Renewal

Filing Method:

Online

Agency Fee:

$375

Due:

Triennially

Amendment

Filing Method:

Online

Agency Fee:

$10

Amendment

Filing Method:

Online

Agency Fee:

$10

Due:

Within 30 days of a change to agency name or address.

Reinstatement

Filing Method:

Online

Agency Fee:

$495

Supplemental Reporting
Annual Report of Business and Operations

Form:

Annual Report of Business and Operations

Agency Fee:

$0

Due:

Annually by May 16.

Michigan Consumer Financial Services Class I License

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Michigan Consumer Financial Services Class II License

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Michigan Exempt Mortgage Company Registration

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Michigan Money Transmitter License

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Michigan Regulatory Loan License

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Individual Licenses

Michigan Individual Financial Services Licenses

Michigan Collection Agency Manager License

Agency:Michigan Department of Licensing and Regulatory Affairs (LARA) - Bureau of Professional Licensing
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Instructions:

Collection Agency Non-Owner Manager Licensing Guide

Filing Method:

Online

Agency Fee:

$185

Registration Renewal

Filing Method:

Online

Agency Fee:

$150

Due:

Triennially

Reinstatement

Filing Method:

Online

Agency Fee:

$205

Michigan Mortgage Loan Originator License

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Explore licensing in other states:

Financial Services License Service  Need help with your licensing? We help finance professionals manage their  licenses and registrations. Learn More. View License Services