state_legiscan_drain · MI
Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in RS 1846 ch 81. TIE BAR WITH: HB 6177'26
July 3, 2026
Summary
If enacted, this bill would consolidate several Michigan licensing statutes for mortgage brokers and lenders into a single framework, amending Chapter 81 of the Revised Statutes of 1846. The goal is to streamline regulatory oversight and reduce administrative burden for industry participants. The bill is tied to HB 6177, which likely contains related substantive changes.
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-6198
Common questions
- What does "Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in RS 1846 ch 81. TIE BAR WITH: HB 6177'26" cover?
- If enacted, this bill would consolidate several Michigan licensing statutes for mortgage brokers and lenders into a single framework, amending Chapter 81…
- When was it published?
- It was published on July 3, 2026.
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