A licensee may amend the address or the name in its license certificate.
The Regulatory Loan Act No. 21 provides for the amendment to a license certificate. Section
7(1) of the Act states in pertinent part:
“Sec. 7 (1) A licensee under this act may change its name or place of
business shown on the license by giving prior written notice to the commissioner
and returning the license to the commissioner. The commissioner shall amend
the license certificate to show the new name or the new place of business and
the date of the new certificate.”
An address amendment:
A person or company must request an amendment to the address in the license
certificate, if it changes its physical location.
Submit the following documents and information:
- A written request to amend the certificate.
- The license certificate that contains the commissioner’s signature,
and the gold seal or watermark.
- $50.00 amendment fee, made payable to the State of Michigan, for each license
certificate.
An amendment to the name:
If a licensee intends to transact business with a name other than is reflected
in the certificate, it must first obtain an amended license certificate with
that name. This includes the company name as well as any changes to the
assumed name. A person or company may not use a name other than that
reflected in the license certificate.
Submit the following documents and information:
- A written request to amend the certificate.
- The license certificate that contains the commissioner’s signature,
and the gold seal or watermark.
- $50.00 transfer fee, made payable to the State of Michigan, for each license
certificate.
- A resolution that will authorize the change in the name of the licensee,
if it is a legal entity. This document must be issued by the corporate
board of directors, company members, or partnership members and be an original
or a certified true copy.
- The Michigan authority to conduct business, articles of incorporation,
articles of organization, or articles of partnership must be amended prior
to amending the name.
Send the amendment request and documentation to:
Consumer Finance Unit
P. O. Box 30220
Lansing, MI 48909
Or for overnight delivery:
Consumer Finance Unit
611 W. Ottawa Street, 3rd Floor
Lansing, MI 48933
Questions pertaining to the completion of an amendment request may be directed
to the Consumer Finance Unit at (877) 999-6442.