2026 House Bill 6196

Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the motor vehicle sales financing act.

A bill to amend 1950 (Ex Sess) PA 27, entitled "Motor vehicle sales finance act," by amending section 5 (MCL 492.105), as amended by 1988 PA 242.

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