2026 House Bill 6203

Financial institutions: mortgage brokers and lenders; deposit of certain fees under the mortgage loan originators licensing act; revise place of deposit.

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

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 Rep. Mark Tisdel (R-55)

Referred to the Committee on Finance