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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More on this bill
Where it stands
Introduced
Passed House
3Passed Senate
4To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2026
Jun 2REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTIONLatest
Jun 2PASSED BY HOUSE WITH IMMEDIATE EFFECT
May 21transmitted
Vote recorded passed; given immediate effect Roll Call #164 Yeas 81 Nays 26 Excused 0 Not Voting 3. Result: pass.Lower
May 21passed; given immediate effect Roll Call #164 Yeas 81 Nays 26 Excused 0 Not Voting 3Passed House
May 21read a third timeMinor
Apr 29placed on third reading
Apr 29read a second timeMinor
Mar 17referred to second reading
Mar 17reported with recommendation without amendmentMinor
Feb 24bill electronically reproduced 02/19/2026
Feb 19referred to Committee on FinanceMinor
Feb 19read a first timeMinor
Feb 19introduced by Representative Rep. Mark TisdelIntroduced