2026 House Bill 6198

Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in RS 1846 ch 81.

A bill to amend 1846 RS 81, entitled "Of fraudulent conveyances and contracts, relative to goods, chattels, and things in action," by amending section 2 (MCL 566.132), as amended by 2020 PA 63.

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