HB6190 — Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the credit reform act. Amends sec. 2 of 1995 PA 162 (MCL 445.1852). TIE BAR WITH: HB 6177'26

HB6190 — Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the credit reform act. Amends sec. 2 of 1995 PA 162 (MCL 445.1852). TIE BAR WITH: HB 6177'26 · Informed CitizenryThis bill amends the Credit Reform Act (1995 PA 162) to update definitions related to credit and lending. Specifically, it modifies the definitions of 'Borrower,' 'Commissioner,' 'Credit card arran…Open in Informed Citizenry