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Get Form Mu1 - State Of Michigan - Michigan
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How to use or fill out the Form MU1 - State Of Michigan - Michigan online
Form MU1 is a critical document for notifying state mortgage regulators about changes to your company's license record in Michigan. This guide will help you understand and accurately complete the form online.
Follow the steps to fill out the Form MU1 online effectively.
- Press the ‘Get Form’ button to access the form and open it in your preferred application for editing.
- Complete the pre-notification submission date field. This date signifies when you are officially submitting the form to the relevant jurisdiction.
- Fill in the desired effective date, specifying when you want the changes to become effective. Ensure this date fits within the guidelines provided in the Pre-Notification Table.
- Enter the exact name of the applicant, including the principal business address, mailing address (if different), and contact numbers. Be sure to include the IRS Employer Identification Number or the full name for sole proprietorships.
- If applicable, check the box for the type(s) of mortgage-related business you are engaged in or plan to be involved in. Make sure to provide accurate details as required.
- Specify the legal status of your applicant entity. Choose among options such as Corporation, Partnership, Limited Liability Company, etc., and enter the respective details including the formation state and date.
- Provide the control information by identifying any entities or individuals that control or are under common control with the applicant. Complete the required fields for each relationship and provide any necessary details.
- List the qualifying individual responsible for the company’s actions in detail, including the full legal name and title.
- For new applications, complete Schedule A for direct owners and executive officers. List information such as the name, title, ownership percentage, and whether they are a control person.
- If there are indirect owners, fill out Schedule B as instructed. Provide all necessary information as described for each indirect owner.
- Finally, review all entries for accuracy. Once you have completed the form, you can save changes, download, print, or share the form as needed.
Ensure your pre-notification requirements are met by completing the Form MU1 online today.
A license can be issued as a residential mortgage lender, a residential mortgage loan servicer or both residential mortgage lender and residential mortgage loan servicer. Applicant must have audited financial statements that meet the tangible net worth requirement of $250,000.
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