Bill
HB 6194
Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the deferred presentment service transaction act. Amends sec. 2 of 2005 PA 244 (MCL 487.2122). TIE BAR WITH: HB 6177'26
2025-2026 Regular Session
Introduced by Greg Alexander and 3 co-sponsors
HB 6194 updates and clarifies the Deferred Presentment Service Transact., including definitions, closing/closure rules, and licensing admin, but only takes effect if HB 6177 passes
bill electronically reproduced 07/03/2026