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HB 6187

Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the identity theft protection act. Amends sec. 3 of 2004 PA 452 (MCL 445.63). TIE BAR WITH: HB 6177'26

2025-2026 Regular Session Introduced by Mark Tisdel

HB 6187 updates and clarifies definitions in the Identity Theft Protection Act, tying them to mortgage licensing frameworks to improve consistency in enforcement and compliance.

bill electronically reproduced 07/03/2026
#financialinstitutions:mortgagebrokersandlenders
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Bill Summary · HB 6187

Summary of HB 6187 (2025-2026, Michigan)

Purpose and intent

  • HB 6187 is introduced to amend the Identity Theft Protection Act (2004 PA 452) with specific updates to definitions. It is tied to HB 6177 and is part of a broader consolidation of licensing statutes related to residential mortgages, with conforming changes connected to the identity theft protection framework.
  • The bill’s broader aim appears to align and clarify terms used in the identification and protection of personal information within the context of financial institutions and licensing acts, enabling more consistent enforcement and administration alongside mortgage licensing legislation.

Key provisions and changes

  • The primary change is to amend Section 3 of the Identity Theft Protection Act (MCL 445.63), as previously amended in 2010. The text focuses on definitional updates to terms used throughout the Act.
  • Definitions updated or clarified include:
    • Agency, breach of the security of a database, child/spousal support, credit card, data, depository institution, encrypted data, false pretenses, financial institution, financial transaction device, identity theft, interactive computer service, law enforcement agency, local registrar, medical records or information, person, personal identifying information, personal information, public utility, redact, state registrar, trade or commerce, and vital record.
    • Several definitions specify relationships to financial institutions and licensing acts, including references to:
    • Depository institutions (banks, savings associations, credit unions, etc.).
    • Licensees under various Michigan acts related to consumer financial services, motor vehicle sales finance, mortgage licensing-related acts, regulatory loan act, and related mortgage lender/licensing structures.
    • The Gramm‑Leach‑Bliley Act contexts and related privacy provisions.
  • The bill introduces a cross-reference to the forthcoming or tied mortgage licensing framework (Residential Mortgage Licensing and Supervision Act, Mortgage Brokers, Lenders, and Servicers Licensing Act). In particular, it notes transitional conditions (e.g., six-month periods after the effective date for certain licensing activities), signaling alignment with mortgage licensing timelines and the broader consolidation of licensing statutes.
  • Enacting section notes that the amendatory act takes effect only if HB 6177 is enacted, creating a tie-bar mechanism between the two bills.

Who would be affected

  • Financial institutions and licensees operating in Michigan, including:
    • Depository institutions (state or federally chartered banks, savings banks/associations, credit unions).
    • Affiliates of depository institutions.
    • Licensees under Michigan consumer financial services acts and related mortgage and loan financing acts.
    • Sellers under home improvement and retail installment sales acts in context of financial data handling.
  • Individuals and entities handling or protecting personal information, as defined by the act (consumers whose personal information appears in data systems).
  • Law enforcement and public health entities’ interaction with identity theft provisions, given the defined terms like agency and local registrar.

Procedural and timeline aspects

  • The bill is introduced July 3, 2026, and referred to the Committee on Finance.
  • It contains a tie-bar requirement to HB 6177; the amended act does not take effect unless HB 6177 becomes law.
  • Some provisions reference transitional periods (e.g., six months after the effective date for certain mortgage licensing-related activities), implying staged implementation aligned with the residential mortgage licensing framework being consolidated by these bills.

Potential implications and considerations

  • By consolidating and aligning definitions across identity theft protections and mortgage licensing statutes, the bill aims to reduce ambiguity in enforcement and regulatory oversight.
  • The tie-bar with HB 6177 means the bills are interdependent; passage of HB 6187 hinges on HB 6177 becoming law.
  • Practically, entities handling personal information in Michigan should monitor how the refined definitions may affect compliance obligations, data protection practices, and reporting requirements under identity theft protections in the context of mortgage-related activities.

Note: The summary focuses on the substantive content available in the bill text and action history. For a complete impact assessment, one should review the full language of HB 6177 as well as related mortgage licensing acts and any implementing regulations or guidance.

Compiled from official sources — confirm details with the bill’s official record.

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