HB 6191·MI·house
Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the uniform securities act (2002). Amends secs. 401 & 402 of 2008 PA 551 (MCL 451.2401 & 451.2402). TIE BAR WITH: HB 6177'26
In CommitteeFiled Jul 3, 2026
Sponsor: Steve Frisbie (R)
Latest Action
introduced by Representative Rep. Steve Frisbie
Jul 3, 2026
Summary
The bill merges existing licensing statutes for residential mortgage brokers and lenders into a single framework and makes related adjustments to the Uniform Securities Act. It amends sections 401 and 402 of the 2008 Public Act 551 (MCL 451.2401 & 451.2402), affecting financial institutions that originate residential mortgages. The goal is to simplify regulation and keep related laws consistent.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when HB 6191 changes status, plus AI-powered summaries and stage predictions.
Sign up free