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Do officers, directors, shareholders, members, or partners of a currently licensed or registered mortgage broker, lender, or servicer, need to apply for and receive a loan officer registration?

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Do officers, directors, shareholders, members, or partners of a currently licensed or registered mortgage broker, lender, or servicer, need to apply for and receive a loan officer registration?

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Yes, if the officer, director, shareholder, member, or partner will originate Michigan mortgage loans.

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