Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the Michigan zoning enabling act. Amends sec. 406 of 2006 PA 110 (MCL 125.3406). TIE BAR WITH: HB 6177'26
introduced by Representative Rep. Gregory Alexander
Summary
HB 6180 merges existing licensing rules for residential mortgage brokers and lenders into a single framework and makes related changes to the Michigan zoning enabling act. It affects mortgage professionals and the zoning regulations that apply to their activities, aiming to simplify compliance and align statutes. The measure is intended to reduce regulatory overlap and improve clarity.
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