26-19168

STATE OF MICHIGAN DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES Before the Director of the Department of Insurance and Financial Services In the matter of: Taxes and Loans Inc. Enforcement Case No. 26-19168 License No. FL-0023309 NMLS ID: 2084643 Respondent. _____________________________/ Issued and entered On August 12, 2026 by Aaron Luetzow Senior Deputy Director ORDER ACCEPTING STIPULATION Based upon the Stipulation to Entry of Order and the files and records of the Department of Insurance and Financial Services (DIFS) in this matter, the Senior Deputy Director finds and concludes that: 1. The Senior Deputy Director has jurisdiction and authority to adopt and issue this Order Accepting Stipulation in this proceeding pursuant to the Mortgage Brokers, Lenders, and Servicers Licensing Act (MBLSLA), MCL 445.1651 et seq., and the Michigan Administrative Procedures Act (APA), MCL 24.201 et seq. 2. Acceptance of the Stipulation to Entry of Order is reasonable and in the public interest. 3. All applicable provisions of the MBLSLA and the APA, including but not limited to the notice and service provisions, have been either satisfied or waived by all Parties. 4. On or about May 27, 2026, DIFS served a Notice of Opportunity to Show Compliance (NOSC) on Respondent. In the NOSC, DIFS asserted that Respondent failed to provide documentation to DIFS pursuant to Sections 21(2) and 22(g) of the MBLSLA, MCL 445.1671(2) and 1672(g). DIFS further asserted in the NOSC that Respondent’s acts provided justification for the Director to order the payment of a civil fine and/or other licensing sanctions pursuant to Section 29(2) of the MBLSLA, MCL 445.1679(2). 5. Respondent neither admits nor denies the allegations set forth in the NOSC, but it has agreed to the Stipulation to Entry of Order to resolve this matter. Now therefore, based upon the Stipulation to Entry of Order and the facts surrounding this case, IT IS ORDERED THAT: 6. All agreements contained in the Stipulation to Entry of Order are accepted and adopted in their entirety. Order Accepting Stipulation Respondent Taxes and Loans Inc. Enforcement Case No. 26-19168 Page 2 of 2 7. Respondent shall comply with all terms agreed to in the Stipulation to Entry of Order. A failure to comply with a term in the Stipulation shall be deemed a violation of this Order. 8. Respondent’s surrender of his State of Michigan mortgage broker license, issued pursuant to the MBLSLA, shall be and hereby is accepted. As of the effective date of this Order, Respondent shall not act as a mortgage broker, as defined in the MBLSLA, in the state of Michigan. 9. Respondent shall not make application for licensure as a mortgage broker for three (3) years from the effective date of this Order. Moreover, Respondent shall not engage in or act in any capacity as a mortgage broker, as defined in the MBLSLA, or any other company licensing mortgage law, in the state of Michigan until such time as he reapplies for, and successfully reobtains, a license under the MBLSLA. 10. The Senior Deputy Director retains jurisdiction over the matters contained herein and has the authority to issue such further order(s) as shall be deemed just, necessary, and appropriate in accordance with the MBLSLA. Failure to abide by the terms and provisions of the Stipulation to Entry of Order and this Order may result in the commencement of additional proceedings. Dated: August 12, 2026 ____________________________________ Aaron Luetzow Senior Deputy Director STATE OF MICHIGAN DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES Before the Director of the Department of Insurance and Financial Services In the matter of: Taxes and Loans Inc. Enforcement Case No. 26-19168 License No. FL-0023309 NMLS ID: 2084643 Respondent. ____________________________/ STIPULATION TO ENTRY OF ORDER Taxes and Loans Inc. (Respondent) stipulates to the following: 1. Respondent is a licensed as a mortgage broker pursuant to the Mortgage Brokers, Lenders, and Servicers Licensing Act (MBLSLA), MCL 445.1651 et seq. 2. Respondent had the opportunity to have this Order Accepting Stipulation and Stipulation to Entry of Order (collectively “Consent Order”) reviewed by legal counsel. 3. Respondent has read and understands this Consent Order. 4. Respondent understands that Respondent has a right to a hearing before an administrative law judge, at which DIFS would be required to prove the charges set forth by presentation of evidence and legal authority and at which Respondent would be entitled to appear, to cross-examine all witnesses presented by DIFS, and to present such testimony or other evidence or legal authority deemed appropriate as a defense to said charges. Respondent understands and intends that by agreeing to the Consent Order, Respondent is knowingly and voluntarily waiving Respondent’s right, pursuant to the MBLSLA, the Administrative Procedures Act (APA), MCL 24.201 et seq., and applicable administrative rules to a hearing before an Administrative Law Judge. 5. Respondent agrees that all parties have complied with the procedural requirements of the MBLSLA and the APA. 6. The Senior Deputy Director retains jurisdiction over the matters contained herein. 7. On or about May 27, 2026, DIFS served a Notice of Opportunity to Show Compliance (NOSC) on Respondent. In the NOSC, DIFS asserted that Respondent failed to provide documentation to DIFS pursuant to Sections 21(2) and 22(g) of the MBLSLA, MCL 445.1671(2) and 1672(g). DIFS further asserted in the NOSC that Respondent’s acts provided justification for the Director to order the payment of a civil fine and/or other licensing sanctions pursuant to Section 29(2) of the MBLSLA, MCL 445.1679(2). 8. Respondent neither admits nor denies the allegations set forth in the NOSC; however, in order to avoid the added cost and uncertainty of future litigation, Respondent agrees to surrender his Michigan mortgage broker license and to the entry of an Order accepting this stipulation requiring Stipulation to Entry of Order Respondent Taxes and Loans Inc. Enforcement Case No. 26-19168 Page 2 of 2 that Respondent: (1) refrain from reapplying for licensure as a mortgage broker for three (3) years from the effective date of the attached Order Accepting Stipulation and Requiring Compliance (Order); and (2) refrain from acting in any capacity as a mortgage broker, as defined in the MBLSLA, or any other company licensing mortgage law, in the state of Michigan until he reapplies for, and successfully reobtains, licensure under the MBLSLA. To effectuate the surrender of Respondent's license, Respondent agrees to include with the return of this executed Stipulation a letter notifying DIFS of the surrender of Respondent's license. 9. Respondent has had an opportunity to review this Stipulation and the proposed Order and have the same reviewed by legal counsel. 10. Respondent understands and agrees that the Senior Deputy Director may, in his sole discretion, decide to accept or reject this Stipulation: 'If ttie S'enior Deputy Director accepts the Stipulation, Respondent waives the right to a hearing in this matter and consents to the entry of the Order. If the Senior Deputy Director does not accept the Stipulation, Respondent waives any objection to the Director holding a formal administrative hearing and making a decision after such hearing. 11. It is further stipulated that failure to comply with the Order shall result in the commencement of further administrative proceedings permitted by the MBLSLA. ' 12. It is further stipulated that the surrender of Respondent's license has been negotiated in return for the avoidance of further proceedings and certain promises and conditions, one of which is that Respondent surrender his license and refrain from reapplying for an MBLSLA license for three (3) years. Should Respondent reapply for licensure prior to the timeframe set forth in this Order, Respondent agrees that he waives any right to contest the denial of his application in any forum whatsoever. Both parties agree, however, that Respondent retains the right to contest whether he did, in fact, prematurely reapply for licensure. g,/10/~ For Respondent Taxes and Loans Inc. Date DIFS Staff approve this Stipulation and recommend that the Senior Deputy Director accept it and issue an Order Accepting Stipulation. 8/11/2026 Alan Williams (P83583) Date DIFS Staff Attorney