HB 6195·MI·house
Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the banking code of 1999. Amends sec. 1106 of 1999 PA 276 (MCL 487.11106). TIE BAR WITH: HB 6177'26
In CommitteeFiled Jul 3, 2026
Sponsor: Parker Fairbairn (R)
Latest Action
introduced by Representative Rep. Parker Fairbairn
Jul 3, 2026
Summary
HB 6195 merges existing licensing statutes that govern residential mortgage brokers and lenders into a single framework. It amends Section 1106 of the 1999 Public Act 276 and makes related conforming changes to the banking code. The changes aim to simplify regulation for financial institutions involved in residential mortgages.
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