Michigan · 2025-2026 Regular Session · Bill
HB 5497: Financial institutions: mortgage brokers and lenders; prohibition on certain mortgage lending practices; modify. Amends title & secs. 1 & 2 of 1977 PA 135 (MCL 445.1601 & 445.1602).
Passed one chamber Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 5497 is a bill introduced in the Michigan House on February 5, 2026. According to its official title, it concerns: Financial institutions: mortgage brokers and lenders; prohibition on certain mortgage lending practices; modify. Amends title & secs. 1 & 2 of 1977 PA 135 (MCL 445.1601 & 445.1602). Primary sponsor: Bill Schuette (Republican). Most recent recorded action (March 24, 2026): REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Bill Schuette | Primary sponsor | Republican | House | 95 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION
- PASSED BY HOUSE WITH IMMEDIATE EFFECT
- transmitted
- passed; given immediate effect Roll Call #102 Yeas 72 Nays 29 Excused 0 Not Voting 9
- substitute (H-4) adopted
- read a third time
- placed on third reading
- substitute (H-1) adopted
- read a second time
- referred to second reading
- reported with recommendation with substitute (H-1)
- bill electronically reproduced 02/05/2026
Showing 12 most recent of 15 actions. Full history