2026 House Bill 6183

Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the tobacco products tax act.

A bill to amend 1993 PA 327, entitled "Tobacco products tax act," by amending section 11 (MCL 205.431), as amended by 2022 PA 171.

AI Analysis – Experimental

House Bills 6177 through 6124 creates a unified regulatory regime for Michigan's residential mortgage industry, establishing licensing, conduct, consumer protection, and enforcement standards for mortgage brokers, lenders, servicers, and loan originators, while consolidating and replacing prior statutes.

Introduced in the House

July 3, 2026

Introduced by Rep. Gregory Alexander (R-98) and three co-sponsors

Co-sponsored by Reps. Mark Tisdel (R-55), Thomas Kuhn (R-57) and Steve Frisbie (R-44)

Referred to the Committee on Finance