Michigan 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).
Status: transmitted (as of 2026-05-21)
State: Michigan · Session: 2025-2026 · Bill: HB 5552
Subjects: Consumer credit: interest rates, Financial institutions: mortgage brokers and lenders, Property: mortgages
Sponsors: Mark Tisdel, Brenda Carter, Thomas Kuhn, Tyrone Carter
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