All individuals originating loans in Michigan must be w-2 employees of Direct Lender. Branch Licensing
There are no branch licensing requirements
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Initial Disclosures
Michigan Consumer Caution and Home Ownership Counseling Notice
Michigan Insurance Disclosure
Final Disclosures
Coming Soon
PPP period may not exceed 3 years or the ARM introductory fixed-rate period.
Permitted Fees
Prohibited Fees
Late Charge Fees
Funding Settlement
Wet State
Borrower Signing Requirements
Michigan is not a community property state.
Closing Customs
Real Estate Taxes
Taxes are due semi-annually on July 1st to September 1st and December 1st. Taxes are delinquent on July 31st to September 15th and February 14th.
Advertising Record Retention
Advertising Representation
Telemarketing
Comings Soon
Disclaimer: This information is tailored for DirectLender. It is deemed reliable but not guaranteed. It is not intended as legal advice, and should not be relied upon as such. The laws, policies, and references cited change periodically.
