HB 6199·MI·house
Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the Michigan penal code. Amends secs. 219e & 219f of 1931 PA 328 (MCL 750.219e & 750.219f). 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 merges several existing statutes that govern the licensing of residential mortgage brokers and lenders into a single framework. It also makes corresponding changes to the state penal code. The changes would affect financial institutions that originate or service residential mortgages and the state agencies that oversee their licensing.
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