A bill to amend 2009 PA 75, entitled "Mortgage loan originator licensing act," by amending section 19 (MCL 493.149).
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
by
Referred to the Committee on Finance