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Michigan · 2025-2026 Regular Session · Bill

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).

Passed one chamber Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 5552 is a bill introduced in the Michigan House on February 19, 2026. According to its official title, it concerns: 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). Primary sponsor: Mark Tisdel (Republican). It lists 3 additional sponsors. Most recent recorded action (June 2, 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): Democratic 2 · Republican 2

NameRolePartyChamberDistrict
Mark TisdelPrimary sponsorRepublicanHouse55
Tyrone CarterCo-sponsorDemocraticHouse1
Brenda CarterCo-sponsorDemocraticHouse53
Tom KuhnCo-sponsorRepublicanHouse57

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION
  2. PASSED BY HOUSE WITH IMMEDIATE EFFECT
  3. transmitted
  4. passed; given immediate effect Roll Call #164 Yeas 81 Nays 26 Excused 0 Not Voting 3
  5. read a third time
  6. placed on third reading
  7. read a second time
  8. referred to second reading
  9. reported with recommendation without amendment
  10. bill electronically reproduced 02/19/2026
  11. referred to Committee on Finance
  12. read a first time

Showing 12 most recent of 13 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source