http://www.michigan.gov/msp/0,1607,7-123-1591_3503_4654-225113--,00.html
Purchasing and Registering a Pistol in Michigan
In Michigan, a person "shall not purchase, carry, or transport a pistol in this state without first having obtained a license for the pistol," as prescribed in MCL 28.422. These licenses shall be obtained by the local police agency. If the city, township, or village does not have an organized police agency, the license shall be obtained by the county sheriff department.
There is an exception for a person licensed in Michigan to carry a concealed pistol. He or she must obtain a Pistol Sales Record (RI-060) any time he or she purchases or otherwise acquires a pistol, pursuant to MCL 28.422a.
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"Pistol License" -- "purchase, carry, or transport." That would include ANY form of "possession" be it a "loan" or any other "transfer."
My next question would be: Is this license a permanent requirement for possession of the handgun? Or is it a "permit to obtain" ???
The obvious solution would be to obtain the CPL / CCW. Concealed Carry Permit. But then the constabulary is not registering the handgun. They're registering YOU. Moreover, you're STILL required to obtain a Pistol Sales Record, for any transfer, acquisition.
Sounds to me like Michigan is overdue for an insurrection.