HB 6197·MI·house
Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in RS 1846 ch 65. Amends sec. 25 of 1846 RS 65 (MCL 565.25). 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 bill merges several existing statutes that regulate mortgage brokers and lenders into a single, streamlined set of rules and updates the related section of the Residential Mortgage Act. It applies to financial institutions that originate or service residential mortgages, aiming to simplify compliance and reduce confusion. The measure is currently referred to a House committee.
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