HB 5552 MI
Consumer credit: interest rates; prepayment penalties on certain mortgage loans made for business purposes; allow. Amends sec. 1c of 1966 PA 326 (MCL 438.31c).
A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →
Sponsor (1)
- Mark Tisdel Republican · primary
3 coauthors / cosponsors
- Tyrone Carter Democratic · cosponsor
- Thomas Kuhn Republican · cosponsor
- Brenda Carter Democratic · cosponsor
Action history (13)
- Feb 19, 2026 introduced by Representative Rep. Mark Tisdel · lower
- Feb 19, 2026 read a first time · lower
- Feb 19, 2026 referred to Committee on Finance · lower
- Feb 24, 2026 bill electronically reproduced 02/19/2026 · lower
- Mar 17, 2026 reported with recommendation without amendment · lower
- Mar 17, 2026 referred to second reading · lower
- Apr 29, 2026 read a second time · lower
- Apr 29, 2026 placed on third reading · lower
- May 21, 2026 read a third time · lower
- May 21, 2026 passed; given immediate effect Roll Call #164 Yeas 81 Nays 26 Excused 0 Not Voting 3 · lower
- May 21, 2026 transmitted · lower
- Jun 2, 2026 PASSED BY HOUSE WITH IMMEDIATE EFFECT · upper
- Jun 2, 2026 REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION · upper
Subjects
Consumer credit: interest ratesFinancial institutions: mortgage brokers and lendersProperty: mortgages
Full text
The full text hasn’t been imported yet. CivicGate fetches it from the state legislature’s published version documents — check now.
Comments
Data from OpenStates. View on OpenStates →
Comments