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).

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Overview Bill text 2 Compare versions History 13 Sponsors

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Chamber: House
Introduced: Feb 19, 2026
Last action: Jun 2, 2026 — REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION
Session: 2025-2026
Momentum: 62 · High

PASSAGE PROBABILITY

17.6% Unlikely

Why this number

Stage base Passed First Chamber — base rate 33%, measured from MI's completed sessions
Momentum +3 62/100 from the pace of recorded action
Time since last action -18 131 days quiet

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