Michigan § 493.135c Temporary authority; subject to laws of this state.

Michigan Statutes

§ 493.135c — Temporary authority; subject to laws of this state.

Michigan § 493.135c

Ch. 493REGULATORY LOANS

Act 75 of 2009MORTGAGE LOAN ORIGINATOR LICENSING ACT (493.131-493.171)

This text of Michigan § 493.135c (Temporary authority; subject to laws of this state.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 493.135c (2026).

Text

MORTGAGE LOAN ORIGINATOR LICENSING ACT (EXCERPT) Act 75 of 2009 493.135c Temporary authority; subject to laws of this state. Sec. 5c. With respect to the temporary authority authorized under sections 5a and 5b, both of the following apply:

(a)A person employing an individual who has the temporary authority described under section 5a or 5b to act as a mortgage loan originator in this state is subject to the applicable law of this state to the same extent as if that individual is a licensed mortgage loan originator.

(b)An individual who has the temporary authority described under section 5a or 5b to act as a mortgage loan originator in this state and who engages in residential mortgage loan origination activities is subject to the applicable law of this state to the extent as if that indiv

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MORTGAGE LOAN ORIGINATOR LICENSING ACT (EXCERPT) Act 75 of 2009 493.135c Temporary authority; subject to laws of this state. Sec. 5c. With respect to the temporary authority authorized under sections 5a and 5b, both of the following apply: (a) A person employing an individual who has the temporary authority described under section 5a or 5b to act as a mortgage loan originator in this state is subject to the applicable law of this state to the same extent as if that individual is a licensed mortgage loan originator. (b) An individual who has the temporary authority described under section 5a or 5b to act as a mortgage loan originator in this state and who engages in residential mortgage loan origination activities is subject to the applicable law of this state to the extent as if that individual is a licensed mortgage loan originator.