Edward Petersmarck III - Consent Agreement - NMLS 500 - Case 26-18941
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.
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.
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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, 2026GovPing 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
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4/21/2026
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