Michigan Issuer Agent Renewal

State:
Michigan
Control #:
MI-SEC-0524
Format:
PDF
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Description

Issuer Agent Renewal

Michigan Issuer Agent Renewal is the process for individuals or businesses to renew their Michigan Issuer Agent license. This license allows for the sale of certain types of securities within the state of Michigan. There are three types of Michigan Issuer Agent Renewal: Individual Michigan Issuer Agent Renewal, Business Michigan Issuer Agent Renewal, and Government Michigan Issuer Agent Renewal. Individual Michigan Issuer Agent Renewal is for those who are self-employed and wish to sell securities in Michigan. This includes individuals who are registered representatives, registered investment advisors, and broker-dealers. Business Michigan Issuer Agent Renewal is for businesses that wish to sell securities in Michigan. This includes banks, trust companies, and other businesses that are registered with the state of Michigan. Government Michigan Issuer Agent Renewal is for agencies, departments, or organizations that are funded or owned by the state of Michigan. In order to renew a Michigan Issuer Agent license, individuals or businesses must submit the appropriate renewal form, along with any other required documents. The renewal form must be filled out accurately and completely, and must be submitted with the required fee. After the renewal form is received, it will be reviewed and approved by the Michigan Department of Insurance and Financial Services. Once approved, the license will be renewed and the individual or business will be able to continue selling securities in Michigan.

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FAQ

All Michigan electrical licensees need to renew by March 1 of each year. Technically, your license expires on December 31, but you have until March 1 to renew. Don't put it off and miss the 60-day extension, though, because if you do, your license becomes void. You'll have to reapply for a new license at that point.

The license must be renewed online using a debit or credit card containing a MasterCard, Visa, or Discover logo or by electronic check (e-check). The renewal fee is $250.

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Renew your license online now at .michigan.gov/mylicenserenewal. By renewing online, you may expect to receive your renewed license by mail within 5 to 10 business days, if all renewal requirements have been met. You must use a MasterCard, Visa or Discover credit card or e-check to renew online.

Michigan nurses can renew their license online by logging into the MiPLUS renewal portal at .

To continue operating after that one year period, the licensee must apply to renew the state operating license. Licensees will be sent reminders to renew beginning 120 days before the license is due to expire and will be able to start the renewal process 90 days before license expiration.

A person that fails to renew their license on or before the expiration date, their license will lapse on the day after the expiration date. If your license is not renewed before the expiration date, you are permitted to renew the license within the 60-day grace period after your expiration date.

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Michigan Issuer Agent Renewal