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state_legiscan_drain · MI

Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in 1971 PA 227. TIE BAR WITH: HB 6177'26

July 3, 2026

Summary

If enacted, this bill would consolidate licensing statutes for mortgage brokers and lenders in Michigan, making conforming changes to 1971 PA 227. The bill is procedural and does not alter substantive licensing requirements. It is tied to HB 6177.

AI-generated summary · Jul 5, 2026. Verify with your compliance counsel before acting.

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Source: https://legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-6188

Common questions

What does "Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in 1971 PA 227. TIE BAR WITH: HB 6177'26" cover?
If enacted, this bill would consolidate licensing statutes for mortgage brokers and lenders in Michigan, making conforming changes to 1971 PA 227. The…
When was it published?
It was published on July 3, 2026.

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