HB6191 — Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the uniform securities act (2002). Amends secs. 401 & 402 of 2008 PA 551 (MCL 451.2401 & 451.2402). TIE BAR WITH: HB 6177'26

HB6191 — Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the uniform securities act (2002). Amends secs. 401 & 402 of 2008 PA 551 (MCL 451.2401 & 451.2402). TIE BAR WITH: HB 6177'26 · Informed CitizenryThis bill amends sections 401 and 402 of the Uniform securities act (2002). Section 401 outlines who can transact business as a broker-dealer in Michigan, requiring registration unless exempt. Exem…Open in Informed Citizenry