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Michigan 2025-2026

HB 5552

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).

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Source: Open States / PluralUpdated 2026-10-27 00:11:01 UTC.

Official record

Measure details

Jurisdiction
Michigan
Session
2025-2026
Chamber
lower
Classification
bill
Subjects
Consumer credit: interest rates, Financial institutions: mortgage brokers and lenders, Property: mortgages
Introduced / first action
2026-02-19 00:00:00

Sponsors

Source-supplied history

Actions

  1. REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

    referral-committee

  2. PASSED BY HOUSE WITH IMMEDIATE EFFECT

  3. transmitted

  4. passed; given immediate effect Roll Call #164 Yeas 81 Nays 26 Excused 0 Not Voting 3

    passage

  5. read a third time

    reading-3

  6. placed on third reading

  7. read a second time

    reading-2

  8. referred to second reading

  9. reported with recommendation without amendment

    committee-passage

  10. bill electronically reproduced 02/19/2026

  11. referred to Committee on Finance

    referral-committee

  12. read a first time

    reading-1

  13. introduced by Representative Rep. Mark Tisdel

    introduction

When supplied by the API

Related measures

No resolvable related measure is supplied.