Michigan § 445.1653 - License or renewal; application; form; investigation; determination; issuance; indemnification.
Full text of Michigan Michigan Compiled Laws § 445.1653 — License or renewal; application; form; investigation; determination; issuance; indemnification., with citation guidance and answers to common questions.
§ 445.1653. License or renewal; application; form; investigation; determination; issuance; indemnification.
An application for, or renewal of, a license shall be made in writing to the commissioner on a form prescribed by the commissioner. If the commissioner determines after investigation that the experience, character, business reputation, and general fitness of the applicant and its officers, directors, shareholders, partners, and affiliates command the confidence of the public and warrant the belief that the applicant and its officers, directors, shareholders, partners, and affiliates will comply with the law and that grounds for revoking, suspending, or denying a license under this act do not exist, the commissioner shall issue a license to, or renew the license of, the applicant to act as a mortgage broker, mortgage lender, or mortgage servicer.
A license issued under this section does not approve the use of or indemnify the licensee against claims for the improper use of the business name stated in the license.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 445.1653
What does Michigan Compiled Laws § 445.1653 cover?
Section 445.1653 ("License or renewal; application; form; investigation; determination; issuance; indemnification.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 445.1653?
A common citation format is "Michigan Compiled Laws § 445.1653" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 445.1653 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.