Consumer Finance and Mortgage

The Office of Consumer Finance is responsible for issuing licenses and registrations to over 13,000 mortgage and consumer finance entities doing business in Michigan. Authority to conduct business is granted under the following acts: Consumer Financial Services Act; Credit Card Arrangements Act; Debt Management Act; Deferred Presentment Service Transactions Act; Money Transmission Services Act; Mortgage Brokers, Lenders, and Servicers Licensing Act; Mortgage Loan Originator Licensing Act; Motor Vehicle Sales Finance Act; Regulatory Loan Act; and Secondary Mortgage Loan Act.

The Office is also responsible for supervising the licensees and registrants, as provided under these statutes, to ensure the entities operate safely, responsibly, and in accordance with applicable law. Supervisory activities include conducting on-site examinations of books and records, investigating consumer complaints, and initiating enforcement actions in accordance with applicable statutes.

What's New

Broker/Lender/Servicer Pre-Exam Officer/Manager Questionnaire
***Please note: The questionnaire above is the standard template and is subject to modification.

Mortgage Industry Advisory Board

Related Links

Enforcements and Prohibitions

Forms

Regulated Entities

Codes and Acts

Bulletins and Statements

Reports

Financial Institutions Position Statements

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Job Openings

We take pride in the vastly diverse cultures, backgrounds, interests, and expertise of the people who work here. If you are interested in a rewarding position helping Michiganders– apply today!

Contact Information

Need to talk with DIFS?

Call us toll-free Monday through Friday 8 a.m. to 5 p.m. at 877-999-6442.

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