Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the code of criminal procedure. Amends secs. 14h & 14p, ch. XVII of 1927 PA 175 (MCL 777.14h & 777.14p). TIE BAR WITH: HB 6177'26

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Plain-English Summary

This bill updates Michigan's criminal procedure code by changing how certain felonies are categorized and punished. It revises sections related to various crimes, including identity theft, scrap metal theft, violations by precious metal dealers, and offenses related to beverage container deposits and franchises. The bill also modifies penalties for certain money transmission service violations and false statements in mortgage-related reports.

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