← All regulatory updates

state_legiscan_drain · MI

Consumer protection: unfair trade practices; applicability of consumer protection act; revise. Amends sec. 4 of 1976 PA 331 (MCL 445.904) & adds sec. 2a.

August 27, 2026

Summary

If enacted, this bill would amend the Michigan Consumer Protection Act (1976 PA 331) by modifying Section 4 and adding Section 2a to revise the act's applicability. This could change which persons, businesses, or transactions are subject to state unfair trade practice prohibitions, potentially affecting financial services providers such as lenders, servicers, and fintechs, as well as consumers who may see their protections expanded or limited depending on the scope changes.

AI-generated summary · Aug 30, 2026. Verify with your compliance counsel before acting.

How this was generated

We record the exact prompt, model, and output for every AI response so it can be audited for accuracy.

Source: https://legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-6305

Common questions

What does "Consumer protection: unfair trade practices; applicability of consumer protection act; revise. Amends sec. 4 of 1976 PA 331 (MCL 445.904) & adds sec. 2a." cover?
If enacted, this bill would amend the Michigan Consumer Protection Act (1976 PA 331) by modifying Section 4 and adding Section 2a to revise the act's…
When was it published?
It was published on August 27, 2026.

Get the free weekly digest

Every mortgage regulatory change, summarized, in your inbox. No account needed.

Stop missing the rule that costs you a loan.