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How to Become Licensed

• Fee Schedule Deferred Presentment PDF icon

• Application forms packet for Deferred Presentment Service Providers (DPSPs) PDF icon
Forms to make application for initial license to transact business as a Deferred Presentment Services Provider in Michigan. Also see optional Substitute FIS 2041 Branch Offices List below.

• Bulletin No. 2005-19-CF
License Application Timeline and Process Under the Deferred Presentment Service Transactions Act

Database Provider

• Veritec

• Customer Care Center

• Training of DPP Personnel

• Overview of Fees

• NOTE : Beginning September 1, 2006, upon the commissioner's approval, licensees can begin charging customers $.45 for the database verification fee.

Once You Are Licensed

• Military Annual Percentage Rate (MAPR) Requirement of All DP Providers PDF icon

• License Requirement Date and Record Maintenance letter dated 5/19/2006 PDF icon

• Deferred Presentment Transactions Record Maintenance spreadsheet Excel icon

• Substitute for form FIS 2041 Branch Office List for Deferred Presentment Service Providers (DPSPs) Excel icon
Excel compatible spreadsheet to file Branch Office data on a CD in lieu of paper form FIS 2041. For initial applications with four or more branch listings only.

• Deferred Presentment Locator


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Quicklinks
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