MICHIGAN NMLS PRE-LICENSING COURSE EXAM WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
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Course
MICHIGAN NMLS PRE-LICENSING COURSE
Institution
MICHIGAN NMLS PRE-LICENSING COURSE
The Michigan Department of Insurance and Financial Services (MI-DIFS) - ACCURATE ANSWERS Primarily responsible for the regulation and supervision of different financial industries for the state of Michigan.
The office of Consumer Finance - ACCURATE ANSWERS Responsible for licensing, regulation, ...
MICHIGAN NMLS PRE-LICENSING
COURSE EXAM
MICHIGAN NMLS PRE-LICENSING COURSE EXAM WITH GUARANTEED ACCURATE
ANSWERS |VERIFIED
The Michigan Department of Insurance and Financial Services (MI-
DIFS) - ACCURATE ANSWERS✔✔ Primarily responsible for the
regulation and supervision of different financial industries for the state
of Michigan.
The office of Consumer Finance - ACCURATE ANSWERS✔✔
Responsible for licensing, regulation, and examination of mortgage
professionals.
Office of General Counsel - ACCURATE ANSWERS✔✔ Responsible
for providing legal advice and representation to the director and DIFS
staff about enforcement actions, formal administrative hearings, orders,
rules, statute, regulations, and more.
, Mortgage Industry Advisory Board - ACCURATE ANSWERS✔✔
Consists of 7 individuals appointed by the Director. The purpose is to
communicate to the Director issues of concern to the residential
mortgage industry and review and make recommendations to the
Director concerning certain topics such as: Proposed Rules, Procedures
for maintaining the confidentiality of personal identifying information
and other information of licensees, Any other issue referred to the Board
by the Director.
What is the head of the DIFS called? - ACCURATE ANSWERS✔✔ The
Director
How is the minimum surety bond amount determined for an MLO? -
ACCURATE ANSWERS✔✔ The loan volume produced by the
mortgage professional in the calendar year.
How is the minimum surety bond amount determined for a mortgage
company? - ACCURATE ANSWERS✔✔ The total loan volume
produced by the mortgage company in the calendar year.
How many hours of continuing education must be taken annually? -
ACCURATE ANSWERS✔✔ 8 Hours
How do mortgage companies in Michigan submit surety bonds? -
ACCURATE ANSWERS✔✔ Electronically
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