HB 6196·MI·house
Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the motor vehicle sales financing act. Amends sec. 5 of 1950 (Ex Sess) PA 27 (MCL 492.105). 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
The measure combines existing licensing requirements for residential mortgage brokers and lenders into a single framework. It also makes related changes to the Motor Vehicle Sales Financing Act to keep the laws consistent. The bill amends section 5 of the 1950 Ex Session Public Act 27 (MCL 492.105) and is tied to HB 6177'26.
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