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Edward Petersmarck III - Consent Agreement - NMLS 500 - Case 26-18941

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Summary

Michigan DIFS issued an Order Accepting Stipulation and Consent Agreement in Case 26-18941 involving Edward Petersmarck III, NMLS ID 500. The consent agreement resolves an enforcement case through stipulated findings of fact and conclusions of law regarding mortgage loan originator conduct. The agreement specifies monetary terms including a civil penalty and investigative costs, and imposes conditions on the individual including potential suspension of mortgage lending privileges. The case was resolved on April 22, 2026.

Why this matters

Mortgage loan originators and mortgage lending entities operating in Michigan should review their compliance practices against the conduct standards that resulted in this DIFS consent agreement. Institutions employing NMLS-licensed originators should confirm their supervisory procedures adequately address the regulatory expectations enforced by DIFS.

AI-drafted from the source document, validated against GovPing's analyst note standards . For the primary regulatory language, read the source document .
Published by MI DIFS on michigan.gov . Detected, standardized, and enriched by GovPing. Review our methodology and editorial standards .

About this source

GovPing monitors MI DIFS Directors Orders for new banking & finance regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 58 changes logged to date.

What changed

MI DIFS accepted a stipulation and consent agreement resolving enforcement Case 26-18941 against Edward Petersmarck III, NMLS ID 500. The agreement documents stipulated findings of fact and conclusions of law concerning mortgage loan originator conduct under Michigan financial institutions regulations. The consent order imposes specific monetary terms including civil penalties and investigative cost recovery, and establishes conditions on the individual's continued licensure and mortgage lending activities. Case resolved April 22, 2026.

Affected mortgage loan originators and financial institutions should note this enforcement action involving industry licensee conduct standards. The case underscores DIFS enforcement authority over mortgage professionals holding NMLS credentials in Michigan, with consent agreements used to resolve violations without contested proceedings.

Archived snapshot

Apr 24, 2026

GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.

April 22

Order๎˜™kcepting๎˜™๎˜•๎˜….,u1ation๎˜™ Enbcemen๎˜–๎˜Šase๎˜™๎˜Œ๎˜”๎˜‚๎˜™๎˜‡๎˜ˆ๎˜๎˜„894๎˜„๎˜™ Pag๎˜‘๎˜†๎˜”๎˜’๎˜†๎˜™

๎™ฎ๎™š๎˜ ๎šˆ๎˜๎˜๎œซ ๎™ท๎˜‡๎™‰๎˜๎˜ฝ๎˜ˆ๎˜…๎˜ฏ๎œซ ๎˜‡๎˜ƒ๎œซ ๎˜†๎˜๎˜ˆ๎šด๎˜…๎˜ฑ๎™…๎œช๎˜๎˜‹๎œซ๎˜ˆ๎™ˆ๎œซ ๎˜„๎˜†๎›“๎˜๎œซ ๎˜‹๎šพsc๎˜ฌ๎˜Ž๎›—๎›Š๎˜‚๎˜Šry๎œซ ac๎˜„๎˜‡๎˜…๎˜‚๎œซ ag๎˜†๎šฟ๎›๎˜ƒ๎˜ˆ๎œซ ๎˜ป๎˜๎˜ƒpo๎˜‚๎˜๎˜๎˜‚๎˜„๎™๎˜ƒ๎œซ๎˜‡๎˜‚๎˜ƒ๎˜๎˜‰๎˜†๎˜‚ce๎œซ ๎˜Œ๎˜•๎˜˜๎˜‘๎˜‚๎˜ƒ๎˜๎œซ ๎›€๎›ž๎˜ ๎˜†๎˜‹๎˜‹๎™‚๎˜ˆ๎˜ฌ๎˜…๎˜‚๎œซ๎˜ณ๎˜–๎œซ๎˜ˆ๎˜๎˜๎œซ๎˜‡๎˜”๎˜Ž๎˜š๎™Œ๎˜‡๎˜ˆ๎™ƒ๎˜–๎˜‚๎œซ๎˜…๎™€๎œซ๎˜”๎˜…๎˜‚๎˜๎˜„๎˜Šry๎œซpe๎˜‚๎˜†๎˜Œ๎˜ˆ๎™‚๎˜‘๎˜ƒ๎œซ๎šฉ๎˜…๎˜‰๎œซ๎˜„๎˜ช๎˜๎œซab๎˜–๎˜—๎˜๎™™๎˜‹๎˜๎˜ƒ๎˜˜๎›ถ๎˜‡be๎˜๎œซ๎˜ƒ๎™๎˜†๎˜ˆ๎œœ๎˜„๎˜…ry๎œซ๎˜—๎˜‡๎˜…๎˜Œ๎˜Š๎˜„๎˜ญ๎˜…๎˜‚๎˜ƒ๎œซ๎˜Ž๎œrs๎œž๎˜Š๎›Ÿ๎œ’๎˜ ๎˜„๎˜…๎œซ๎˜’ec๎˜ˆ๎˜‡๎˜…๎˜‚๎˜ƒ๎œซ๎™ฅ๎˜“๎˜ท๎˜ธ๎œซ๎˜Š๎˜‚๎˜‹๎œซ๎™ฆ๎˜“๎˜›๎˜›๎œซ๎˜…๎šช๎œซ๎˜„๎˜๎˜๎œซCod๎˜๎™“๎œซ๎˜ค๎˜ข๎š€๎œซ500๎™›๎˜ถ๎˜“๎˜ท๎™ฏ๎œซ๎˜†๎˜‚๎˜๎œซ๎˜ค๎˜ข๎š๎œซ๎™ซ00๎™œ๎™ง๎˜“๎˜›๎˜›๎™๎˜ ๎š‚๎›ซ๎™๎œซ๎˜ˆ๎šต๎˜๎˜ฐ๎˜๎šฎ๎›ฉ๎˜ฑ๎˜‘๎™”๎œซ๎š”๎˜Šse๎˜‹๎œซ๎˜po๎˜ฎ๎œซ ๎˜ˆ๎˜๎˜ฟ๎œซ๎˜’๎˜ˆ๎˜‡๎˜Ž๎˜๎˜Œat๎˜‡๎˜…๎˜‚๎œซ๎™Ž๎˜…๎œซ ๎™น๎˜‚๎˜ˆry๎œซof๎œซ ๎˜บ๎˜‰๎˜ง๎˜๎˜‰๎œซ๎˜†nd๎œซ ๎˜„๎˜๎˜๎œซ๎šซ๎šŠ๎š˜๎™๎˜ƒ๎œซ ๎˜ƒ๎˜rro๎œŸ๎˜‚๎˜‹๎›ng๎œซ ๎˜„๎šผ๎˜ญ๎˜ƒ๎œซ๎˜˜as๎˜๎™•๎œซ ๎˜ˆ๎˜๎˜“๎˜‰๎˜Ž๎˜“ ๎˜‹๎˜๎˜„๎˜†๎˜๎˜…๎˜„๎˜“๎˜๎˜‡๎˜ƒ๎˜‘๎˜‚๎˜“

๎˜ธ๎˜ด๎˜ ๎™ฑ๎˜Œ๎˜Œ๎œซ ๎˜†๎šฑ๎˜ฏ๎˜‘๎˜๎˜™๎˜๎˜‚๎˜„๎˜ƒ๎œซ co๎˜‚๎˜Ÿ๎˜ฅ๎™ƒ๎˜‚๎˜๎˜‹๎œซ๎˜‡๎˜‚๎œซ๎œ“๎˜๎˜๎œซ๎˜’๎˜ˆ๎˜‡๎˜Ž๎˜๎˜Œ๎˜†๎˜„io๎˜‚๎œซ๎˜ˆ๎˜…๎œซ ๎™บ๎˜‚๎˜ฒry๎œซ of๎œซ๎šƒ๎˜‰๎šŸ๎˜๎˜‰๎œซ๎˜†๎˜‰๎˜๎œซ๎˜†cce๎›ฏ๎˜„ed๎œซ ๎˜Šnd๎œซ ad๎˜…๎›ฐ๎œ”๎˜‘๎˜‹๎œซ ๎›‚๎˜‚๎œซ๎œ•๎šถ๎˜๎›ƒ๎˜‰๎˜ ๎˜๎˜‚๎™Ž๎˜‡rety๎™ž๎˜ ๎˜ถ๎˜ต๎™Ÿ๎˜ ๎š‡๎˜‘๎˜ƒ๎˜Ž๎˜š๎˜ฎ๎˜‹๎˜๎˜‚๎˜„๎œซ๎˜ƒ๎˜al๎˜Œ๎œซco๎˜™๎˜Ž๎˜Œ๎œฆ๎œซ๎œค๎˜ž๎˜„๎šท๎œซal๎›”๎œซ๎˜ˆ๎˜rm๎˜ƒ๎œซagreed๎œซ๎˜„๎˜…๎œซ๎˜‡๎˜‚๎œซ๎˜„๎šธ๎˜๎œซ๎˜’๎˜ˆ๎™…๎˜Ž๎˜๎˜Œ๎˜Š๎˜ฒ๎˜•๎˜–๎˜‚๎œซ๎˜ˆ๎˜…๎œซ๎™ป๎˜‚๎˜ˆry๎œซ๎˜…๎šฌ๎œซ๎š„๎˜‰๎˜๎˜๎›ท๎™ ๎œซ๎™ฒ๎œซ๎˜ฉ๎˜Š๎˜‡๎™†๎œ ๎˜‰๎˜‘๎œซ๎˜„๎˜…๎˜ ๎˜˜๎˜–๎˜”pl๎œง๎œซwi๎˜ˆ๎˜๎œซ๎˜†๎œซ๎˜„๎˜๎›บ๎™‡๎œซ๎›„๎› ๎œซ๎˜„๎˜๎˜๎œซ๎˜’๎œ—๎˜‡๎˜Ž๎˜๎˜Œ๎˜†๎˜„๎˜•๎˜š๎˜‚๎œซ๎˜ƒ๎˜๎˜†๎˜Œ๎›˜๎œซbe๎œซ๎˜‹ee๎™‡ed๎œซ๎˜Š๎œซ๎˜—io๎˜Œ๎˜†๎˜ˆ๎˜‡๎˜…๎˜‚๎œซ๎˜…๎˜ฉ๎œซ๎˜ˆ๎˜๎˜‡๎˜ƒ๎œซ๎š…rd๎˜๎›ธ๎™ก๎˜ ๎˜ป๎˜๎˜ƒ๎˜Ž๎˜…๎˜‚๎˜‹๎˜๎˜‚๎œ˜๎™‘๎˜ƒ๎œซ๎˜Œ๎˜žce๎˜‚๎˜ƒ๎˜๎œซ๎›…๎˜ƒ๎œซ๎˜ช๎˜๎˜‰๎˜ฟ๎š•๎œจ๎œซ ๎˜๎˜†๎˜’๎˜Œ๎˜Š๎˜…๎˜„๎˜๎˜“๎˜ff๎˜๎˜˜๎˜„๎˜‡๎˜—๎˜๎œซ๎™„๎˜”๎››ed๎›†๎˜Š๎˜„๎˜๎›™๎œฉ๎˜ก๎˜๎™จ๎™ฉ๎˜ก๎˜

๎™ช๎˜“๎˜ด๎˜ ๎š‰๎˜๎˜๎œซ ๎˜’๎˜๎˜‚๎˜‡๎˜…๎˜‰๎œซ ๎˜ฃ๎˜๎˜Ž๎˜๎˜„๎˜ ๎œซ ๎™ถ๎›‡๎˜‰ec๎˜ˆ๎˜…๎˜‰๎œซ re๎˜„๎˜†๎˜•๎˜‚๎˜ƒ๎œซ ๎›‘๎˜๎˜‰๎˜‡sd๎˜ญ๎˜ฝ๎˜Ÿ๎™„๎˜š๎˜ฎ๎œซ ๎˜…๎˜—๎˜๎˜‰๎œซ ๎˜„๎šน๎˜๎œซ ๎˜™๎˜ฅ๎˜ณ๎˜„๎˜๎˜ฏ๎˜ƒ๎œซ co๎˜‚๎˜ˆ๎˜†๎˜‡๎›กed๎œซ ๎™๎˜re๎˜‡๎˜‚๎œซ ๎˜†๎˜‚๎˜‹๎œซ๎˜๎˜†๎˜ƒ๎œซ ๎˜„๎šบ๎˜๎˜ ๎˜Š๎˜๎˜„๎˜๎˜…๎˜ฐ๎˜žty๎œซ๎˜„๎˜…๎œซ ๎›ˆ๎˜ƒ๎˜ƒ๎˜๎˜‘๎œซ ๎˜ƒ๎˜ch๎œซ๎šฏ๎˜rt๎˜๎˜๎˜‰๎œซ ๎˜…๎˜‰๎˜ง๎˜r{๎˜ƒ๎™’๎œซ ๎˜†๎˜ƒ๎œซ๎˜ƒ๎˜๎˜Š๎›š๎™†๎œซ be๎œซ๎˜‹ee๎›œ๎˜๎˜‹๎œซ๎›’๎œฃ๎˜ƒ๎˜„๎™–๎œซ ๎›ข๎˜ce๎˜ƒ๎˜ƒ๎˜Šry๎™—๎œซ ๎˜Š๎˜‚๎˜‹๎œซ๎˜†pp๎˜‰๎˜…๎˜Ž๎˜‰๎˜ซ๎˜†๎˜„๎˜๎œซ ๎˜ž๎˜‚๎˜ ๎˜†cco๎˜‰๎˜ง๎˜Š๎˜‚ce๎œซ๎™๎˜ซ๎˜„๎˜๎œซ๎œ–๎˜๎˜๎œซ๎˜คic๎˜ช๎˜‡๎šฒ๎˜†๎˜‚๎œซ๎™พ๎˜‚๎˜ƒ๎˜๎›น๎˜†๎˜‚ce๎œซ๎˜ข๎˜–de๎™ข๎œซ๎™ฝ๎˜Š๎›‹๎˜Œ๎˜re๎œซ๎˜ˆ๎˜…๎œซct>๎˜‡๎˜‹๎˜๎œซ๎š–๎˜ ๎œซ๎˜ˆ๎™๎˜๎œซ๎˜„๎˜๎˜ฐ๎˜™๎˜ƒ๎œซ๎˜†๎˜‚๎š ๎œซ๎˜Žro๎˜—๎˜ฌ๎˜ƒ๎˜‡๎˜…๎˜‚๎˜ƒ๎œซ ๎˜…๎™€๎œซ๎˜„he๎œซ ๎˜’๎˜„๎˜‡๎˜Ž๎˜๎›•๎˜ฅ๎˜Ÿ๎˜‡๎˜…๎˜‚๎œซ ๎˜ˆ๎˜…๎œซ ๎™ผ๎˜‚๎˜ฒry๎œซ ๎˜…๎˜ฉ๎œซ ๎š†rd๎˜๎˜‰๎œซ ๎˜†nd๎œซ ๎˜ˆ๎˜๎˜•๎™Œ๎œซ ๎˜บrde๎˜‰๎œซ ๎˜”๎˜Š๎˜ ๎œซ ๎˜‰๎˜๎˜ƒ๎˜๎˜Œ๎˜„๎œซ ๎›‰๎˜‚๎œซ ๎˜ˆ๎šป๎˜๎œซ co๎˜”๎˜”๎˜๎˜‚ce๎˜™๎˜๎˜‚๎˜„๎œซ ๎˜…๎šญ๎œซ ๎˜†dd๎˜ซ๎˜ณio๎˜‚๎˜†๎›–๎œซ ๎˜Ž๎™‰๎›ชce๎˜๎˜‹๎˜‡๎˜‚๎šณ๎˜ƒ๎˜ก๎œซ

๎™ฟose๎˜Ž๎˜๎œซ๎™ณ๎™ฃ๎œซ๎˜น๎˜†rc๎˜‡๎˜Š๎œซ๎˜ฃ๎˜Š๎˜„๎˜๎˜‹๎™ฐ๎œซ๎™ณ๎˜Ž๎˜‰๎›€๎›™๎œซ๎˜“๎˜“๎™“๎œซ๎˜“๎˜ต๎˜“๎™ญ๎œซ ๎˜’๎˜‘๎˜‚๎˜•๎˜š๎˜ฑ๎œซDe๎˜Ž๎œก๎˜Ÿ๎˜ ๎œซ๎˜ฃ๎›Œ๎˜‰ec๎œ™๎™ˆ๎˜‰๎™˜๎œซ and ๎˜น๎˜ne๎˜‰๎˜†๎˜Œ๎œซCo๎œข๎›ฃse๎˜Œ๎œซ

4/21/2026

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Last updated

Classification

Agency
MI DIFS
Filed
April 22nd, 2026
Instrument
Enforcement
Branch
Executive
Legal weight
Binding
Stage
Final
Change scope
Substantive
Docket
26-18941

Who this affects

Applies to
Employers Banks Consumers
Industry sector
5221 Commercial Banking
Activity scope
Mortgage lending Consumer financial services Regulatory enforcement
Geographic scope
US-MI US-MI

Taxonomy

Primary area
Banking
Operational domain
Compliance
Compliance frameworks
Dodd-Frank
Topics
Consumer Finance Securities Financial Services

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