2026 House Bill 5552

Consumer credit: interest rates; prepayment penalties on certain mortgage loans made for business purposes; allow.

A bill to amend 1966 PA 326, entitled “An act to regulate the rate of interest of money; to provide exceptions; to prescribe the rights of parties; and to repeal certain acts and parts of acts,” by amending section 1c (MCL 438.31c), as amended by 1990 PA 94.

Introduced in the House

Feb. 19, 2026

Introduced by Rep. Mark Tisdel (R-55) and three co-sponsors

Co-sponsored by Reps. Tyrone Carter (D-1), Thomas Kuhn (R-57) and Brenda Carter (D-53)

Referred to the Committee on Finance