HB 6203·MI·house
Financial institutions: mortgage brokers and lenders; deposit of certain fees under the mortgage loan originators licensing act; revise place of deposit. Amends sec. 19 of 2009 PA 75 (MCL 493.149). TIE BAR WITH: HB 6177'26
In CommitteeFiled Jul 3, 2026
Sponsor: Mark Tisdel (R)
Latest Action
introduced by Representative Rep. Mark Tisdel
Jul 3, 2026
Summary
The bill modifies Section 19 of the 2009 Public Act 75, which governs the Mortgage Loan Originators Licensing Act, by revising the designated deposit location for certain fees collected from mortgage brokers and lenders. It affects financial institutions that handle those fees, updating the process for where the money is placed.
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