state_legiscan_drain · MI
Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the occupational code. TIE BAR WITH: HB 6177'26
July 3, 2026
Summary
If enacted, this bill would consolidate existing licensing statutes for residential mortgage brokers and lenders into a single regulatory framework, eliminating separate licensing regimes. It would also make conforming changes to the state occupational code, streamlining licensing requirements for mortgage entities operating in Michigan.
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-6185
Common questions
- What does "Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the occupational code. TIE BAR WITH: HB 6177'26" cover?
- If enacted, this bill would consolidate existing licensing statutes for residential mortgage brokers and lenders into a single regulatory framework,…
- When was it published?
- It was published on July 3, 2026.
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