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).

{"id": "ocd-bill/0dac8982-fec8-4877-bc08-64d0d1012333", "session": "2025-2026", "jurisdiction": {"id": "ocd-jurisdiction/country:us/state:mi/government", "name": "Michigan", "classification": "state"}, "from_organization": {"id": "ocd-organization/d387cf69-631c-4013-bb32-4a00c848fcc4", "name": "House", "classification": "lower"}, "identifier": "HB 5552", "title": "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).", "classification": ["bill"], "subject": ["Consumer credit: interest rates", "Financial institutions: mortgage brokers and lenders", "Property: mortgages"], "extras": {}, "created_at": "2026-02-19T23:29:08.087155+00:00", "updated_at": "2026-06-02T16:34:52.548661+00:00", "openstates_url": "https://openstates.org/mi/bills/2025-2026/HB5552/", "first_action_date": "2026-02-19", "latest_action_date": "2026-06-02", "latest_action_description": "REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION", "latest_passage_date": "2026-06-02"}