{"Result":[{"LicenseTypeID":950,"LicenseRequirementID":3096,"RequirementText":"

Company Sponsorship: A sponsorship request must be submitted by your employer. Michigan will review and accept or reject the sponsorship request. A deficient status means the sponsoring company has a pending Michigan application.

","IsNote":true,"SubmittedVia":"

NMLS

","Order":1,"RequirementsCategory":44,"NMLSDocumentUploadType":49,"PostApplicationTaskGenerated":null,"LicenseItemType":null,"AdditionalTaskInfo":null,"ModifiedBy":"Ms. Brandye R. Sedelmaier (sedelmaierb@michigan.gov)","Modified":"2025-09-05T16:11:36.13","Version":8,"ChangeType":"MOD"},{"LicenseTypeID":950,"LicenseRequirementID":3097,"RequirementText":"

Employment History: The present employer listed in the Employment History section must match the sponsoring employer business name.

","IsNote":true,"SubmittedVia":"

NMLS

","Order":2,"RequirementsCategory":44,"NMLSDocumentUploadType":49,"PostApplicationTaskGenerated":null,"LicenseItemType":null,"AdditionalTaskInfo":null,"ModifiedBy":"Ms. Brandye R. Sedelmaier (sedelmaierb@michigan.gov)","Modified":"2025-09-05T16:11:36.13","Version":10,"ChangeType":"MOD"},{"LicenseTypeID":950,"LicenseRequirementID":3098,"RequirementText":"

Individual MLO Surety Bond: Provide an original, signed surety bond form FIS 2135 with Power of Attorney.  Name and address on bond should match name and address on NMLS.

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OR

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Company MLO Surety Bond:  Sponsoring Company provides an original, signed surety bond form FIS 2137 with Power of Attorney.  Company name on bond must match name filed with the Michigan Corporation Division including all assumed names to be used in Michigan.

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Note: An MLO is automatically be added to the Company MLO Surety Bond once a sponsorship request is accepted in NMLS.  It is unlawful to engage in the business of an MLO in Michigan without a surety bond.

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Note: An MLO bond is required pursuant to Section 29 of the Mortgage Loan Originator Licensing Act, 2009 PA 75.  This is not the same bond as required by a company pursuant to Section 4 of the Mortgage Brokers, Lenders, and Servicers Licensing Act, 1987 PA 173, or Section 6 of the Secondary Mortgage Loan Act, 1981 PA 125.  In other words, a company bond submitted for a mortgage broker, lender, and/or servicer license/registration cannot be used for the MLO bond requirement

","IsNote":null,"SubmittedVia":"

Mail Original Signed Bond to Michigan Department of Insurance and Financial Services

","Order":3,"RequirementsCategory":42,"NMLSDocumentUploadType":49,"PostApplicationTaskGenerated":null,"LicenseItemType":null,"AdditionalTaskInfo":null,"ModifiedBy":"Ms. Brandye R. Sedelmaier (sedelmaierb@michigan.gov)","Modified":"2025-09-05T16:11:36.13","Version":10,"ChangeType":"MOD"},{"LicenseTypeID":950,"LicenseRequirementID":19843,"RequirementText":"

Credit Report Explanations: Submit a line by line, detailed letter of explanation of all derogatory credit accounts along with proof of payoffs, payment arrangements and evidence of payments made, or evidence of any formal dispute filed (documents must be dated). Accounts to address include, but are not limited to: collections items, charge offs, accounts currently past due, accounts with serious delinquencies, repossessions, loan modifications, etc.

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Note: Items regarding bankruptcy, foreclosure actions, outstanding judgments or liens, or delinquent child support payments should be addressed in the Disclosure Explanations section of your Individual Form (MU4).

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This document should be named Credit Report Explanations – Sub Name – Document Creation Date.

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","IsNote":null,"SubmittedVia":"

Upload in NMLS: Upload document in NMLS in the Agency Guidance section under Document Type Credit Report Explanations.

","Order":4,"RequirementsCategory":36,"NMLSDocumentUploadType":50,"PostApplicationTaskGenerated":null,"LicenseItemType":null,"AdditionalTaskInfo":null,"ModifiedBy":"Courtney Hill (cgifford@csbs.org) (cgifford@csbs.org)","Modified":"2025-09-05T16:11:36.13","Version":7,"ChangeType":"MOD"}],"Id":22501,"Exception":null,"Status":5,"IsCanceled":false,"IsCompleted":true,"IsCompletedSuccessfully":true,"CreationOptions":0,"AsyncState":null,"IsFaulted":false}