HB6186 — Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in 1966 PA 326. Amends sec. 1c of 1966 PA 326 (MCL 438.31c). TIE BAR WITH: HB 6177'26

HB6186 — Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in 1966 PA 326. Amends sec. 1c of 1966 PA 326 (MCL 438.31c). TIE BAR WITH: HB 6177'26 · Informed CitizenryHouse Bill 6186 amends 1966 PA 326 to modify rules regarding interest rates and conditions for mortgage loans and land contracts. The bill specifies that for single-family dwellings, lenders cannot…Open in Informed Citizenry