A bill to amend 1995 PA 162, entitled "Credit reform act," by amending section 2 (MCL 445.1852), as amended by 1996 PA 419.
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
