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).

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 2 Compare versions History 13 Sponsors

Jun 2, 2026 · Senate

PASSED BY HOUSE WITH IMMEDIATE EFFECT

Jun 2, 2026 · Senate

REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

May 21, 2026 · House

read a third time

May 21, 2026 · House

passed; given immediate effect Roll Call #164 Yeas 81 Nays 26 Excused 0 Not Voting 3

May 21, 2026 · House

transmitted

Apr 29, 2026 · House

read a second time

Apr 29, 2026 · House

placed on third reading

Mar 17, 2026 · House

reported with recommendation without amendment

Mar 17, 2026 · House

referred to second reading

Feb 24, 2026 · House

bill electronically reproduced 02/19/2026

Feb 19, 2026 · House

introduced by Representative Rep. Mark Tisdel

Feb 19, 2026 · House

read a first time

Feb 19, 2026 · House

referred to Committee on Finance

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

A transparent scoring model over stage, momentum, recency, sponsorship and recorded votes — not a trained predictor. Treat it as a way to rank attention, not as a forecast.