state_legiscan_drain · MI
Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the code of criminal procedure. TIE BAR WITH: HB 6177'26
July 3, 2026
Summary
If enacted, this bill would consolidate Michigan's licensing statutes for residential mortgage brokers and lenders into a single framework, simplifying compliance requirements. It also makes conforming changes to the code of criminal procedure related to mortgage licensing violations. Mortgage origination companies, including banks, independent mortgage banks, and brokers, would be affected.
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-6200
Common questions
- What does "Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the code of criminal procedure. TIE BAR WITH: HB 6177'26" cover?
- If enacted, this bill would consolidate Michigan's licensing statutes for residential mortgage brokers and lenders into a single framework, simplifying…
- When was it published?
- It was published on July 3, 2026.
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