Financial institutions: mortgage brokers and lenders; distribution of certain fund proceeds; revise. Amend secs. 8 & 32 of 1987 PA 173 (MCL 445.1658 & 445.1682). TIE BAR WITH: HB 6177'26

Summary

The bill revises sections 8 and 32 of the 1987 Public Act 173, which regulate financial institutions, mortgage brokers, lenders, and the distribution of certain fund proceeds. By updating these sections, it changes the rules that apply to those entities, aiming to modernize or clarify existing requirements. The measure is currently referred to a committee.

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