HB5497Introduced in the House
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).
Introduced by Bill Schuette, District 95
What does this bill do?
Plain-English breakdown
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Official description
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).
Where it stands
Referred To Committee On Finance, Insurance, And Consumer Protection
March 24, 2026
How did lawmakers vote?
HouseStage: House Third Reading: Given Immediate Effect Roll Call #102 · March 19, 2026
72
Yes
29
No
0
Absent or Not Voting
101 representatives recorded in this House vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each representative voted
| Representative | District | Vote |
|---|---|---|
| Tyrone Carter | 1 | Yes |
| Alabas Farhat | 3 | No |
| Natalie Price | 6 | No |
| Tonya Myers Phillips | 7 | No |
| Helena Scott | 8 | Yes |
| Joseph Tate | 9 | Yes |
| Veronica Paiz | 10 | No |
| Donavan McKinney | 11 | No |
| Kimberly Edwards | 12 | No |
| Mai Xiong | 13 | Yes |
Bill history
Introduced By Representative Rep. Bill Schuette
Read A First Time
Referred To Committee On Finance
Bill Electronically Reproduced 02/05/2026
Reported With Recommendation With Substitute (h-1)
Referred To Second Reading
Read A Second Time
Substitute (h-1) Adopted
Placed On Third Reading
Read A Third Time
Substitute (h-4) Adopted
Passed; Given Immediate Effect Roll Call #102 Yeas 72 Nays 29 Excused 0 Not Voting 9
Transmitted
Passed By House With Immediate Effect
Referred To Committee On Finance, Insurance, And Consumer Protection
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