HB 6198·MI·house
Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in RS 1846 ch 81. Amends sec. 2 of 1846 RS 81 (MCL 566.132). 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 6198 combines several existing statutes that govern the licensing of mortgage brokers and lenders into a single, streamlined framework. It also makes technical adjustments to the related sections of the Michigan Compiled Laws to keep them consistent. The changes are intended to simplify compliance for financial institutions and improve regulatory clarity.
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