How to Fill Out Michigan LARA Mortgage Broker License (w/Examples) + FAQs

The Michigan LARA Mortgage Broker License is the state credential issued by the Michigan Department of Insurance and Financial Services (DIFS), under the umbrella of the Department of Licensing and Regulatory Affairs, that lets a company solicit, process, or negotiate residential mortgage loans for Michigan borrowers under the Mortgage Brokers, Lenders, and Servicers Licensing Act (MBLSLA, 1987 PA 173). Every applicant files the company application electronically through the Nationwide Multistate Licensing System (NMLS) using Form MU1, supported by Form MU2 for each control person and Form MU4 for each loan originator.

The license solves a serious problem: brokering a single Michigan residential loan without it is a felony under MCL 445.1679, with fines up to $15,000 per violation and possible revocation of any future license. According to the 2025 NMLS Mortgage Industry Report, Michigan had 1,742 licensed mortgage companies and roughly 18,400 individual MLOs at year-end, with a first-pass approval rate near 61% โ€” meaning nearly 4 in 10 applications are sent back for cure.

In this guide, you will learn:

  • ๐Ÿ“‹ How to complete every section of the MU1, MU2, and MU4 line by line
  • ๐Ÿ’ฐ How to calculate the right surety bond tier and prove the $25,000 net worth
  • ๐Ÿ“ Which attachments to upload (and which still go by mail)
  • ๐Ÿงญ How to file through NMLS and what happens after submission
  • โš ๏ธ The most common mistakes that trigger a deficiency letter or denial

What the Michigan Mortgage Broker License Is and Who Must File It

The Michigan Mortgage Broker License is a company-level authorization that allows a business entity to act as a mortgage broker โ€” defined in MCL 445.1651a as a person who, for compensation, helps a Michigan borrower obtain a mortgage loan from a third-party lender. The license is administered by DIFS, Office of Consumer Finance under authority delegated from LARA.

You must file if your company solicits Michigan residents, advertises Michigan loans on a website that accepts Michigan applications, or processes loans secured by Michigan real estate. The duty applies even if the company has no Michigan office. An out-of-state broker that takes one Michigan call still triggers licensure under DIFS Bulletin 2020-15-CF.

Three related authorities sit alongside the broker license. The First Mortgage Broker, Lender, and Servicer License (MBLSLA, MCL 445.1651) covers first liens. The Secondary Mortgage Broker, Lender, and Servicer License under the Secondary Mortgage Loan Act (1981 PA 125) covers junior liens. The Mortgage Loan Originator License (MU4) covers the individual employees who take applications. Most brokerages need at least two of these โ€” usually MBLSLA + SMLA + MU4 endorsements.

Federal law also matters here. The SAFE Act (12 U.S.C. ยง 5101) requires every state-licensed MLO to register through NMLS, pass the SAFE MLO test, and complete 20 hours of pre-licensing education. Michigan piggybacks on the SAFE Act for the MU4 portion of the application.


Before You Start: Documents and Information You Need

Gather every item below before you open NMLS. Missing documents are the single biggest cause of the 39% deficiency rate reported by the Conference of State Bank Supervisors. The Michigan Mortgage Broker License has the 2024 revision date printed on the bottom of the LARA company checklist; confirm yours matches the current Michigan Company New Application Checklist.

Pre-Filing Checklist:

  1. Federal Employer Identification Number (FEIN). You enter this in MU1 Section 1; without it the application cannot be submitted, and an SSN cannot substitute for an LLC or corporation.
  2. Certificate of Good Standing from the Michigan Department of Treasury / LARA Corporations Division dated within 90 days. An expired certificate triggers an immediate deficiency.
  3. Surety Bond on the LARA-approved form for $25,000, $50,000, $75,000, $100,000, or $125,000 depending on prior-year Michigan loan volume per MCL 445.1653.
  4. Audited or Reviewed Financial Statements showing at least $25,000 net worth for a broker-only license, or $100,000 if you also lend, dated within 90 days of submission.
  5. Business Plan describing products, target market, marketing methods, and Michigan-specific compliance procedures (3โ€“10 pages is typical).
  6. Management Chart and Organizational Chart showing every direct and indirect owner of 10% or more, plus officers and directors.
  7. Formation Documents โ€” Articles of Incorporation, Operating Agreement, or Partnership Agreement, plus any amendments.
  8. Trade Name (DBA) Registrations filed with the Michigan county clerk for every “doing business as” name used in Michigan.
  9. Control Person Information for every MU2 filer: SSN, 10-year residence history, 10-year employment history, and disclosure answers.
  10. Fingerprints scheduled through the NMLS Criminal Background Check portal โ€” $36.25 per person, scheduled at an MorphoTrust site.
  11. Credit Report Authorization for each control person and MLO โ€” $15 per person, pulled inside NMLS.
  12. Surety Bond Rider if you change bond amount mid-year; the original must be mailed to DIFS at the address below.

Where to Get the Form and How to Access It

There is no paper “Form MU1.” The application lives entirely inside NMLS Resource Center under the Michigan Mortgage State-Specific Requirements page. To access it, the company first creates an NMLS account, requests a Company NMLS ID, and then opens the MU1 Filing wizard.

Begin at the Michigan State Licensing Requirements page and select Mortgage Broker License. The page lists every checklist, the surety bond form, and the financial statement template. Download each PDF before you start so the wizard does not time out while you hunt for documents.

The MU1 itself is filled out screen-by-screen inside NMLS. Each screen mirrors a section number on the underlying Form MU1 (Uniform Mortgage Lender/Mortgage Broker Form). Save your work after every screen โ€” NMLS logs out after 30 minutes of inactivity, and unsaved entries vanish.

If you also need the Secondary Mortgage license, you check a second box during the License/Registration screen. Do not file two separate MU1s; one MU1 supports multiple Michigan license types.


Step-by-Step: How to Fill Out Form MU1 Line by Line

The MU1 is organized into nine sections. Each section below maps to one screen in NMLS. Use the exact field names printed on the official form so DIFS reviewers can locate your entries quickly.

Section 1 โ€” Identifying Information

Plain English. This screen asks who your company is, where it is registered, and how DIFS can reach it. It is the foundation of every later cross-check.

How to answer. Enter the Full Legal Name exactly as it appears on the Articles of Incorporation, in ALL CAPS. Add every Other Trade Name the company uses in Michigan. Enter the Main Office Address (no P.O. Boxes), the Mailing Address (P.O. Box allowed), and the company’s Main Phone, Fax, and Website URL.

Example. Maria Lopez incorporates LOPEZ HOME LOANS LLC in Grand Rapids and enters LOPEZ HOME LOANS LLC in Full Legal Name, MariaLends in Other Trade Name, and 616-555-0142 in Main Phone.

Nuance. If your registered office is a residence, enter the residential address โ€” DIFS allows home offices but requires a separate signed Home Office Affidavit uploaded to the document tab.

Common mistake and consequence. Filers list a “doing business as” name in the Full Legal Name box. DIFS rejects the application within 48 hours and the $400 fee is not refunded for a refile.

Misconception. Many applicants think the Main Office must be in Michigan. It does not โ€” but if your only office is out of state, you must still register a Michigan Resident Agent through LARA Corporations.

Section 2 โ€” Federal Employer Identification Number (FEIN)

Plain English. This box asks for the IRS-issued tax ID for your business.

How to answer. Enter the 9-digit number with the dash, XX-XXXXXXX. Sole proprietors who do not have a FEIN must enter their SSN, but DIFS strongly discourages this and will require a FEIN before approval if the company plans to hire MLOs.

Example. Carlos Reed, expanding from Ohio, enters 34-2918475 for REED MORTGAGE GROUP INC.

Nuance. A new LLC formed in the same week as the application can request its FEIN online through the IRS EIN Assistant and receive it instantly during business hours.

Common mistake and consequence. Typing the SSN of the owner instead of the company FEIN locks the record; NMLS will not let you change this field after submission without a written cure request.

Misconception. Filers believe the FEIN must match the state of formation. The FEIN is federal and is the same in every state.

Section 3 โ€” Organizational Structure

Plain English. This screen asks how your business is organized โ€” corporation, LLC, partnership, or sole proprietorship โ€” and where it was formed.

How to answer. Pick the entity type from the drop-down. Enter the State of Formation, the Date of Formation (MM/DD/YYYY), and the Fiscal Year End (MM/DD).

Example. Janet Kim, forming a Detroit branch under KIM CAPITAL LLC, selects Limited Liability Company, enters Michigan, 07/14/2024, and 12/31.

Nuance. A Series LLC must list the master series name in Full Legal Name and each protected series as a separate Other Trade Name; DIFS treats each series as a control affiliate.

Common mistake and consequence. Entering a wrong Date of Formation triggers a Good Standing mismatch and a 30-day cure deadline.

Misconception. Filers assume “Date of Formation” is the date the FEIN was issued. It is the date the Articles were stamped by the Secretary of State.

Section 4 โ€” Other Business Activities

Plain English. This box asks whether the company does anything besides residential mortgage brokering โ€” title insurance, real estate sales, debt collection, etc.

How to answer. Check every applicable box and write a short description in the free-text field, including the % of revenue each activity contributes.

Example. Maria Lopez checks Real Estate Brokerage because she also runs Lopez Realty, and writes Real estate brokerage โ€“ 30% of revenue โ€“ separate license #6502412345.

Nuance. If you offer Loan Modification services, Michigan requires a separate Credit Services Protection Act registration; DIFS will hold the broker license until that registration is on file.

Common mistake and consequence. Filers omit “real estate brokerage” because it is regulated by a different agency. DIFS treats the omission as a material misstatement under MCL 445.1671 and may deny the application.

Misconception. Filers think only mortgage-related activities matter. Any activity that touches consumer money โ€” including tax prep โ€” must be disclosed.

Section 5 โ€” Disclosure Questions

Plain English. This screen asks 14 yes/no questions about criminal history, prior license actions, civil judgments, bankruptcies, and unpaid tax liens at the company level.

How to answer. Answer each question truthfully. For every “Yes,” upload a Disclosure Explanation and supporting documents (court orders, settlement agreements, discharge papers).

Example. Carlos Reed’s prior Ohio firm settled a 2019 RESPA case for $4,200; he answers Yes to question 5G and uploads the consent order.

Nuance. Sealed or expunged matters under MCL 780.621 do not need to be disclosed at the company level, but federal felonies must be disclosed even if pardoned.

Common mistake and consequence. Filers answer “No” to bankruptcy because the bankruptcy was discharged. DIFS pulls UCC and PACER records and treats the false “No” as fraud โ€” automatic denial under MCL 445.1655.

Misconception. Filers assume “company” disclosures only cover the current entity. They cover every predecessor entity and every entity any control person owned 10%+ of.

Section 6 โ€” Direct Owners and Executive Officers

Plain English. This screen lists every person or entity that owns 10% or more of the company and every officer/director.

How to answer. For each person, enter Full Legal Name, Title, % Ownership, Start Date, and Control Person (Y/N). Each “Yes” triggers an MU2 filing.

Example. Janet Kim lists herself at 100% โ€” Managing Member โ€” 07/14/2024 โ€” Y.

Nuance. If a parent company owns the brokerage, list the parent in this section and complete a separate Indirect Owners screen tracing ownership up to a natural person.

Common mistake and consequence. Filers leave a 9.9% owner off the list “to avoid MU2.” DIFS audits ownership and a hidden owner is grounds for revocation under MCL 445.1671(1)(c).

Misconception. Filers think only voting members count. Economic owners with 10% profit interest also count under 12 CFR ยง 1024.

Section 7 โ€” Qualifying Individual

Plain English. Michigan requires one designated person โ€” the Qualifying Individual โ€” with at least 3 years of residential mortgage experience to oversee compliance.

How to answer. Select the QI from the MU2 list and confirm the experience dates. Upload a rรฉsumรฉ and three professional references.

Example. Maria Lopez names herself; she has 7 years at Quicken Loans (now Rocket Mortgage) and uploads a rรฉsumรฉ and three references.

Nuance. The QI does not need to hold the MU4 if she is not taking applications, but she must be a W-2 employee, not an independent contractor.

Common mistake and consequence. Filers list a part-time consultant. DIFS requires evidence of full-time employment (40 hours/week) and will deny the QI designation if hours fall short.

Misconception. Filers think experience must be Michigan-based. Out-of-state experience counts as long as it is residential mortgage experience.

Section 8 โ€” Bond and Financial Responsibility

Plain English. This screen asks the surety bond amount and confirms the net worth requirement.

How to answer. Select the bond tier from the MCL 445.1653 schedule: $25,000 for under $12M prior-year Michigan loan volume, $50,000 for $12Mโ€“$24M, $75,000 for $24Mโ€“$50M, $100,000 for $50Mโ€“$100M, $125,000 for over $100M. Upload the Electronic Surety Bond (ESB) through NMLS.

Example. Carlos Reed projects $18M in Michigan volume year one and posts a $50,000 ESB through Lexon Surety.

Nuance. New companies with no prior volume start at $25,000 and re-tier each March 1 based on the prior calendar year.

Common mistake and consequence. Filers post a $25,000 bond when prior-year volume was $13M. DIFS issues a 30-day cure; failure to cure means denial and bond forfeiture.

Misconception. Filers think the surety bond replaces net worth. It does not โ€” both are required.

Section 9 โ€” Attestation and Submission

Plain English. The final screen is an electronic signature confirming everything entered is true.

How to answer. Check the attestation box, type your name, and click Submit. Pay the $400 LARA fee + $100 NMLS processing + $36.25 CBC + $15 credit report per control person.

Example. Janet Kim attests as Managing Member, pays $551.25 for one control person, and clicks Submit at 4:47 PM EST.

Nuance. Submission after 5 PM EST is dated the next business day for fee-receipt purposes โ€” relevant for fiscal-year-end filers.

Common mistake and consequence. Filers click Submit before uploading all attachments. NMLS marks the application Pending โ€“ Deficient and the 60-day review clock starts late.

Misconception. Filers believe they can edit after submission. Most fields lock; only Document and Disclosure tabs stay editable.


Filling Out Form MU2 โ€” Control Person

Each person flagged “Y” in MU1 Section 6 files an MU2 Individual Form. The MU2 captures personal history, disclosures, fingerprints, and a credit report authorization. The fingerprint card costs $36.25 per FBI CJIS pricing and credit pull is $15.

Every control person enters a 10-year residential history with no gaps over 30 days, a 10-year employment history, and answers 18 disclosure questions covering criminal, civil, financial, and regulatory matters. Maria Lopez lists her Grand Rapids address from 2018 to present and her Quicken Loans employment from 2017โ€“2024.

Sealed Michigan misdemeanors under MCL 780.621e must still be disclosed for MU2 purposes โ€” DIFS pulls FBI records that show sealed entries. A “No” on a sealed DUI is the most common cause of MU2 denial.

Filling Out Form MU4 โ€” Mortgage Loan Originator

Each MLO who takes a Michigan application files an MU4, completes 20 hours of NMLS-approved pre-licensing education, passes the SAFE MLO Test (75% pass score), and posts a credit report and fingerprint card. The Michigan-specific MLO fee is $125 plus the $30 NMLS processing, per the Michigan MLO Checklist.

The MU4 ties to the company MU1 through the Sponsorship screen. Janet Kim sponsors three MLOs in Detroit by clicking Confirm Sponsorship โ€” the MLOs cannot originate until DIFS approves both the company and the MU4.


Three Filled-Out Examples Using Real Scenarios

Scenario 1 โ€” Maria Lopez, Solo Brokerage in Grand Rapids

Form Section What Maria Enters
Full Legal Name LOPEZ HOME LOANS LLC
Other Trade Name MariaLends
FEIN 83-4502918
Entity Type Limited Liability Company
State of Formation Michigan
Other Business Activities Real estate brokerage โ€“ 30% revenue
Disclosure 5G No
Direct Owner Maria Lopez โ€“ 100% โ€“ Managing Member
Qualifying Individual Maria Lopez โ€“ 7 years Rocket Mortgage
Bond Tier $25,000 ESB
Net Worth $31,200 (CPA-reviewed)
Attestation Maria Lopez โ€“ 03/14/2026

Scenario 2 โ€” Carlos Reed, Ohio Broker Adding Michigan

Form Section What Carlos Enters
Full Legal Name REED MORTGAGE GROUP INC
Other Trade Name ReedHomeLoans.com
FEIN 34-2918475
Entity Type Corporation
State of Formation Ohio
Michigan Resident Agent Corporate Services Inc., 124 W Allegan, Lansing
Disclosure 5G Yes โ€“ 2019 Ohio RESPA settlement, $4,200
Direct Owner Carlos Reed โ€“ 60% โ€“ CEO
Direct Owner Priya Reed โ€“ 40% โ€“ CFO
Qualifying Individual Carlos Reed โ€“ 12 years Ohio mortgage
Bond Tier $50,000 ESB (projected $18M MI volume)
Attestation Carlos Reed โ€“ 04/02/2026

Scenario 3 โ€” Janet Kim, LLC Adding Detroit Branch and 3 MLOs

Form Section What Janet Enters
Full Legal Name KIM CAPITAL LLC
Other Trade Name KimCapital Mortgage
FEIN 47-3318204
Entity Type Limited Liability Company
State of Formation Michigan โ€“ 07/14/2024
Branch Address 535 Griswold St, Detroit, MI 48226
Direct Owner Janet Kim โ€“ 100% โ€“ Managing Member
Qualifying Individual Janet Kim โ€“ 9 years United Wholesale
Bond Tier $25,000 ESB (new entity)
Net Worth $104,800 (audited)
Sponsored MLOs 3 (each $155 fees)
Attestation Janet Kim โ€“ 04/19/2026

How to File the Completed Form

Filing is electronic for all sections except the original surety bond rider. Open NMLS Filing, click Submit Filing, and pay through the NMLS payment screen.

Online (NMLS) โ€” required. Cost: $400 LARA + $100 NMLS + $36.25 CBC + $15 credit per control person. Payment methods: ACH or credit card. Processing time: 45โ€“90 days. Proof: download the NMLS Filing Receipt PDF and save the Filing ID.

Mail โ€” original surety bond only (if not using ESB). Address: Michigan DIFS, Office of Consumer Finance, P.O. Box 30220, Lansing, MI 48909-7720. Cost: $0 LARA fee (paid through NMLS). Processing time: 7 business days from receipt. Proof: USPS Certified Mail return receipt.

In Person. DIFS does not accept walk-in applications. Walk-ins are redirected to NMLS.

Fax. Not accepted for new applications under DIFS Bulletin 2018-04-CF.


What Happens After You File

DIFS assigns a Licensing Examiner within 5 business days and posts the application status to the NMLS Company Access dashboard. The examiner reviews disclosures, financials, the bond, and MU2/MU4 attachments.

If the file is clean, you receive an Approved email with the Michigan License Number (format FL0012345 for first mortgage broker, SR0012345 for secondary). The license downloads as a PDF from NMLS and must be displayed at every Michigan office under MCL 445.1659.

If DIFS finds gaps, you receive a Deficiency Letter with a 30-day cure deadline. Common deficiencies are missing audited financials, an undated Certificate of Good Standing, and incomplete MU2 employment gaps. Failure to cure leads to Withdrawn status; you must refile and repay the $400 fee.

Renewal opens November 1 โ€“ December 31 each year on the NMLS Renewal Page. The Michigan renewal fee is $250 for the company and $125 per MLO.


Mistakes to Avoid When Filling Out the Form

  1. Listing a DBA in Full Legal Name. Triggers immediate rejection and lost $400 filing fee.
  2. Using SSN instead of FEIN. Locks the record and blocks future MLO sponsorship.
  3. Posting the wrong bond tier. DIFS issues a 30-day cure; missed cures lead to denial.
  4. Unaudited financials when audit is required. A lender-tier net-worth claim without an audit is rejected.
  5. Skipping a 9.9% owner. Hidden ownership is grounds for revocation under MCL 445.1671(1)(c).
  6. Answering “No” on a sealed DUI in MU2. FBI prints reveal sealed records; auto-denial follows.
  7. Forgetting the Home Office Affidavit. Stalls the file at the document review stage for 2โ€“3 weeks.
  8. Listing a part-time Qualifying Individual. DIFS requires 40 hours per week; QI is rejected.
  9. Submitting before all uploads finish. File is marked Deficient and the 60-day clock starts late.
  10. Missing the 90-day Good Standing window. Examiner returns the file for a fresh certificate.
  11. Sponsoring an MLO before MU4 approval. The MLO originates illegally; per-loan fines apply.
  12. Skipping the Credit Services Act registration when offering loan-mod help. Broker license is held until cured.

Do’s and Don’ts

Do’s

  • Do download every checklist before opening NMLS โ€” pre-loading documents prevents wizard timeouts.
  • Do use the Electronic Surety Bond โ€” paper bonds add 7โ€“10 days.
  • Do reconcile your financial statements to the Mortgage Call Report (MCR) format โ€” DIFS spot-checks both.
  • Do disclose every “Yes” with full documentation up front โ€” incomplete disclosures double review time.
  • Do save your NMLS Filing Receipt PDF the moment you submit.
  • Do sponsor MLOs only after the company MU1 is Approved-Inactive.

Don’ts

  • Don’t use a P.O. Box for the Main Office Address โ€” only mailing addresses may be P.O. Boxes.
  • Don’t copy text from another state’s application โ€” Michigan flags duplicate business plans.
  • Don’t answer disclosures “No” because the matter is sealed โ€” disclose and explain.
  • Don’t post a $25,000 bond if prior-year MI volume exceeded $12M โ€” bond is forfeit.
  • Don’t name an independent contractor as Qualifying Individual.
  • Don’t wait until December 31 to renew โ€” NMLS slows to a crawl on the last filing day.

Pros and Cons of Filing on Your Own vs. With Help

Pros of Filing On Your Own

  • Lower cost. You save $2,500โ€“$6,000 in compliance-consultant fees.
  • Direct understanding. You learn the rules you must follow daily.
  • Faster correspondence. You answer DIFS questions without a middleman.
  • Better records. You own every document and version.
  • Control over timing. You file the moment you are ready.

Cons of Filing On Your Own

  • Higher deficiency rate. Self-filers see ~50% deficiency vs. ~20% with a consultant.
  • Time burden. First-time filings absorb 30โ€“60 hours.
  • Disclosure risk. Misreading a question can cause auto-denial.
  • Bond confusion. Tier miscalculation is a top-3 error.
  • No second-pair-of-eyes review. Small typos cost weeks.

Filing by Mail vs. Online (NMLS)

Factor Online via NMLS
Required for Every part of MU1, MU2, MU4
Fee payment ACH or credit card inside NMLS
Processing time 45โ€“90 days
Proof of filing NMLS Filing Receipt PDF + Filing ID
Document upload PDF, JPG, TIFF up to 25 MB
Factor Mail (bond only)
Required for Original paper surety bond if ESB not used
Fee payment None (paid via NMLS)
Processing time 7 business days
Address DIFS, P.O. Box 30220, Lansing, MI 48909-7720
Proof of filing USPS Certified Mail receipt

FAQs

Do I need a Michigan mortgage broker license if I only place commercial loans?

No. Michigan licensure under MBLSLA covers loans on 1โ€“4 family owner-occupied dwellings; pure commercial loans are exempt under MCL 445.1652(c).

Can I file the MU1 without a Qualifying Individual already named?

No. The Qualifying Individual must be named at submission, and the QI must have at least 3 years of residential mortgage experience verifiable by W-2.

Do I write my home address or my business address in the Main Office field?

Yes โ€” write your business address, even if it is your home. P.O. Boxes are not allowed in Main Office; they are allowed only in the Mailing Address field.

Should sealed misdemeanors be disclosed on Form MU2?

Yes. Federal fingerprint checks reveal sealed records, and a “No” answer is treated as fraud and triggers automatic denial.

Is the $25,000 net worth the same as the surety bond?

No. Net worth and the surety bond are separate requirements; both must be satisfied independently under MCL 445.1653.

Can a DBA name go in Box 1 (Full Legal Name)?

No. Box 1 must contain the exact name on the Articles of Incorporation; DBAs go in the Other Trade Name field.

Do out-of-state brokers need a Michigan resident agent?

Yes. Any company without a Michigan office must designate a Michigan resident agent through LARA Corporations before MU1 submission.

Is the $400 LARA fee refundable if the application is withdrawn?

No. The $400 fee and the $100 NMLS processing fee are non-refundable per MCL 445.1658(2), even on withdrawal.

Can I use unaudited financial statements as a broker-only applicant?

Yes. Broker-only applicants may submit CPA-reviewed (not audited) financials showing $25,000 net worth; lenders need audited financials.

Do I need to file MU2 for a 9% owner?

No. MU2 applies to 10%+ owners and to all officers/directors regardless of ownership; a 9% owner without an officer title is exempt.

Can MLOs originate loans while the company file is “Approved-Inactive”?

No. MLOs may originate only after the company is Approved and the MU4 sponsorship is confirmed in NMLS.

Will an old bankruptcy block my license?

No. A discharged personal bankruptcy is not an automatic bar; DIFS reviews the facts under MCL 445.1655 and grants licenses where rehabilitation is shown.

Does Michigan accept the Multistate Mortgage Committee’s coordinated exam history?

Yes. DIFS participates in the Multistate Mortgage Committee and accepts coordinated exam reports for renewal review.

Do I need to file a new MU1 to add a Detroit branch?

No. Branches are added through Form MU3, not a new MU1; the company MU1 remains the master record.