The Michigan Fee Schedule — Regulatory Loan is a set of fees set by the State of Michigan to regulate the cost of loans. This fee schedule applies to all loan types, including but not limited to: consumer loans, mortgage loans, commercial loans, small business loans, and money market loans. The fees range from 0.05% to 1.00% of the loan’s principal amount. The fee is based on the loan’s principal amount, the loan’s term, and the loan’s purpose. The fees collected are used to cover the costs associated with the state’s loan regulatory program. Additionally, the fees are used to fund the Michigan Loan Guaranty Fund, which provides financial assistance to borrowers who experience financial difficulties due to loan defaults.
Michigan Fee Schedule - Regulatory Loan
State:
Michigan
Control #:
MI-SOS-DM-08
Format:
PDF
Instant download
This website is not affiliated with any governmental entity
Public form
Description
Fee Schedule - Regulatory Loan
The Michigan Fee Schedule — Regulatory Loan is a set of fees set by the State of Michigan to regulate the cost of loans. This fee schedule applies to all loan types, including but not limited to: consumer loans, mortgage loans, commercial loans, small business loans, and money market loans. The fees range from 0.05% to 1.00% of the loan’s principal amount. The fee is based on the loan’s principal amount, the loan’s term, and the loan’s purpose. The fees collected are used to cover the costs associated with the state’s loan regulatory program. Additionally, the fees are used to fund the Michigan Loan Guaranty Fund, which provides financial assistance to borrowers who experience financial difficulties due to loan defaults.
How to fill out Michigan Fee Schedule - Regulatory Loan?
Coping with legal paperwork requires attention, precision, and using well-drafted templates. US Legal Forms has been helping people countrywide do just that for 25 years, so when you pick your Michigan Fee Schedule - Regulatory Loan template from our service, you can be certain it complies with federal and state laws.
Working with our service is simple and quick. To get the necessary document, all you’ll need is an account with a valid subscription. Here’s a brief guideline for you to find your Michigan Fee Schedule - Regulatory Loan within minutes:
- Remember to carefully examine the form content and its correspondence with general and law requirements by previewing it or reading its description.
- Look for an alternative formal template if the previously opened one doesn’t suit your situation or state regulations (the tab for that is on the top page corner).
- ​Log in to your account and save the Michigan Fee Schedule - Regulatory Loan in the format you prefer. If it’s your first time with our website, click Buy now to continue.
- Create an account, select your subscription plan, and pay with your credit card or PayPal account.
- Choose in what format you want to save your form and click Download. Print the blank or upload it to a professional PDF editor to prepare it electronically.
All documents are created for multi-usage, like the Michigan Fee Schedule - Regulatory Loan you see on this page. If you need them one more time, you can fill them out without re-payment - just open the My Forms tab in your profile and complete your document any time you need it. Try US Legal Forms and prepare your business and personal paperwork rapidly and in total legal compliance!