Michigan License Requirements

Get an understanding of mortgage lending and insurance state licensing and continuing education requirements

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Michigan Mortgage License Requirements

Learn about the Michigan mortgage education requirements for mortgage licensing.

In the state of Michigan, mortgage loan originators are required to:

  • Complete a Criminal Background Check (CBC).
    • Fingerprints will be submitted through NMLS for FBI criminal background check.
    • Criminal background check results will be available to the State.
    • The criminal background check fee is $36.25.
  • Authorize a credit report through the NMLS including the credit report fee is $15.
  • Fulfill all state and federal education requirements as designated by your state agency.
  • Take and pass a National Test.
  • Surety Bond: Applicants must provide a surety bond. There are two surety bond options:
    • Individual MLO Surety Bond – form FIS-2135
    • Company MLO Surety Bond – form FIS-2137

Each bond form is located on agency website www.michigan.gov/difs and includes specific instructions for completion, including coverage amounts.

Michigan NMLS Pre-Licensing Education Requirements:

New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This includes:

  • 3 hours of federal law
  • 3 hours of ethics
  • 2 hours of non-traditional mortgage lending
  • 10 hours of electives
  • 2 hours of Michigan state-specific education

Note: Individuals who fail to maintain an active, valid license for at least 3 years must satisfactorily complete the twenty (20) hours of pre-licensing education within the three (3) year period immediately preceding the date of application for licensure.

Michigan Continuing Education Requirements:

State-licensed MLOs are required to complete 8 hours of NMLS-approved mortgage education annually beginning the year they are licensed (unless PE was completed in the same year). This includes:

  • 3 hours of federal law
  • 2 hours of ethics
  • 2 hours of non-traditional mortgage lending
  • 1 hour of electives

MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row.

Michigan Mortgage Licensing:

NMLS Resources: