2026 House Bill 6195

Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the banking code of 1999.

A bill to amend 1999 PA 276, entitled "Banking code of 1999," by amending section 1106 (MCL 487.11106).

Official record

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 Reps. Parker Fairbairn (R-107) and Mark Tisdel (R-55)

Referred to the Committee on Finance