Bill
HB 6198
Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in RS 1846 ch 81. Amends sec. 2 of 1846 RS 81 (MCL 566.132). TIE BAR WITH: HB 6177'26
2025-2026 Regular Session
Introduced by Parker Fairbairn and 1 co-sponsor
HB 6198 requires financial institutions to make lending and credit commitments in writing and signed to be enforceable, expanding the statute of frauds for banks, credit unions, an
bill electronically reproduced 07/03/2026