A bill to amend 1980 PA 299, entitled "Occupational code," by amending sections 2501, 2503, and 2603 (MCL 339.2501, 339.2503, and 339.2603), section 2501 as amended by 2024 PA 122, section 2503 as amended by 2016 PA 502, and section 2603 as amended by 2010 PA 90.
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.
Co-sponsored by Reps.
Referred to the Committee on Finance
