state_legiscan_drain · MI
Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the credit reform act. TIE BAR WITH: HB 6177'26
July 3, 2026
Summary
If enacted, this bill would consolidate Michigan's licensing statutes for mortgage brokers and lenders into a single framework, replacing separate licensing regimes. It would also make conforming amendments to the credit reform act to ensure consistency. The consolidation aims to streamline licensing requirements for mortgage professionals.
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-6190
Common questions
- What does "Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the credit reform act. TIE BAR WITH: HB 6177'26" cover?
- If enacted, this bill would consolidate Michigan's licensing statutes for mortgage brokers and lenders into a single framework, replacing separate…
- When was it published?
- It was published on July 3, 2026.
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