Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in RS 1846 ch 81. Amends sec. 2 of 1846 RS 81 (MCL 566.132). TIE BAR WITH: HB 6177'26

Also relevant to:Homeowner

Where it is in the process

Plain-English Summary

House Bill 6198 amends an existing law about written agreements and contracts in Michigan. It updates the definition of "financial institution" to include entities licensed under the residential mortgage licensing and supervision act. The bill specifies that certain agreements, like those for real estate commissions or financial institution promises, must be in writing to be legally enforceable.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

Votes

Sponsorship · 2 Sponsors

Democrat0Republican2Independent0Other0

R · PrimeParker Fairbairn
R · CoMark Tisdel

Read full bill text →↓ Why am I seeing this?

Want updates?

Get notified when MI HB6198 moves stage

Pick a channel below. Every option is opt-in, and we tell you exactly what we store.

Email

Identified

We store your email address and the bill ID. We'll send a confirmation link first; alerts only start after you click it. Every email has a one-click unsubscribe.

Coming soon

RSS feed· Atom 1.0 + JSON Feed per bill
Bluesky· follow a CivicRadar bot post per status change
Telegram· channel or DM via bot
Discord· channel webhook
WhatsApp· via WhatsApp Business
SMS· via Twilio