Bill
HB 6197
Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in RS 1846 ch 65. Amends sec. 25 of 1846 RS 65 (MCL 565.25). TIE BAR WITH: HB 6177'26
2025-2026 Regular Session
Introduced by Parker Fairbairn and 1 co-sponsor
The bill requires full accounting and proof of notice with encumbrance recordings, tying its effect to a new residential mortgage licensing framework.
bill electronically reproduced 07/03/2026