HB 6201 amends the Michigan Mortgage Brokers, Lenders, and Servicers Licensing Act to update how licensing fees are calculated and managed. The bill requires applicants to pay investigation fees and establishes a tiered annual operating fee based on the number of loans closed and the total dollar volume of loans serviced by a licensee. It also creates a specific state fund to collect these fees, which will be used exclusively to cover the costs of administering and enforcing the mortgage licensing laws. Additionally, the legislation clarifies the financial penalties for failing to submit required reports or pay renewal fees on time.
This bill prohibits individuals who worked for specific U.S. immigration agencies between September 1, 2025, and January 20, 2029, from becoming or remaining state correctional officers in Michigan. It requires all correctional officers to be certified or recertified by the Michigan Commission of Corrections, but explicitly excludes those with recent employment at U.S. Immigration and Customs Enforcement, Customs and Border Protection, or U.S. Citizenship and Immigration Services from this requirement. The law applies to anyone seeking certification or recertification after six months from the act's effective date, ensuring that only eligible candidates meet the state's training standards.
HB 6203 amends the Michigan Mortgage Loan Originator Licensing Act to change where certain fees collected from mortgage brokers and lenders must be deposited. Specifically, it requires that money from these fees be placed into the Residential Mortgage Administration Fund rather than a different account previously used for these funds. The bill also clarifies that annual operating fees set by the state regulator must only cover the estimated costs of administering and enforcing the licensing program. This change is tied to another bill, HB 6177, meaning HB 6203 will only take effect if that companion legislation is also passed.
This bill updates the Animal Welfare Fund Act by clarifying the definitions of several key terms used within the law. It explicitly states that "animal control shelter" and "animal protection shelter" refer to facilities licensed under a 1969 statute, while also defining the responsible state department, the fund itself, and who qualifies as a veterinarian. Additionally, it specifies that "state animal anticruelty laws" include specific chapters of the Michigan penal code regarding animal care. The bill is tied to another piece of legislation and will only take effect if that companion bill is also passed.
HB 6182 amends Michigan law to clarify how the state defines "credit cards" and "credit card arrangements" for local governments. The bill updates these definitions to include licenses issued by the new residential mortgage licensing and supervision act, ensuring that mortgage lenders are properly categorized alongside traditional credit card issuers. This change directly affects local units of government, such as cities, counties, and school districts, which must adopt credit card policies for their operations. The legislation is contingent upon the passage of a companion bill, HB 6177, before it can take effect.
This bill amends Michigan's Uniform Prudent Management of Institutional Funds Act to clarify how charitable organizations can spend money from their endowment funds. It establishes a rebuttable presumption of imprudence if an organization spends more than 8% of an endowment's average fair market value over a three-year period. The legislation also clarifies that certain standard terms in donor agreements do not automatically restrict spending to just the income generated by the fund. These changes aim to provide clearer guidance for institutions managing donor-restricted assets while maintaining the ability to act prudently based on specific donor instructions.
HB 6184 amends the Michigan Business Tax Act to clarify how mortgage brokers and lenders calculate their taxable gross receipts. The bill specifically excludes from taxable income amounts received for principal and interest on mortgage loans, as well as payments for real estate taxes, utilities, and insurance premiums collected on behalf of clients. By aligning state tax definitions with federal accounting methods, the legislation aims to simplify tax reporting for financial institutions engaged in residential mortgage activities. This change directly affects mortgage brokers and lenders operating in Michigan by adjusting the revenue they must report for state tax purposes.
This bill requires every public high school in Michigan to offer at least one computer science course starting in the 2027-2028 school year. The course must meet state education standards and be listed on the school's catalog, with a preference for in-person instruction unless a school operates entirely virtually. The legislation defines computer science as a field focused on creating new technologies rather than just using them, ensuring the curriculum covers principles, design, and societal impact.
This bill establishes a formal appeal process and creates a new Cannabis Licensing Appeals Board to handle disputes involving violations of Michigan's marijuana laws. It directs the state regulatory agency to use a graduated disciplinary system that starts with warnings or citations for minor issues and escalates to fines or license suspensions only for serious offenses like public safety risks or repeated violations. The legislation sets specific rules for how penalties are determined, including a two-year lookback period for prior warnings and a maximum fine of $10,000 or daily gross receipts for each violation. Licensees will receive written notices explaining their right to appeal before facing license suspensions, ensuring due process in enforcement actions.
This bill amends Michigan's existing law to update the definitions of "credit card" and "financial transaction device" for local governments. Specifically, it clarifies which types of financial institutions, such as mortgage lenders and depository banks, are authorized to issue credit cards that local units like cities, counties, and school districts can accept as payment. The changes rely on current licensing acts to determine eligibility, ensuring that only properly licensed entities can provide these services to public bodies. Additionally, the bill is tied to another piece of legislation, meaning it will only become effective if that companion bill is also passed.
HB 6186 amends Michigan's existing mortgage interest laws to clarify and update rules regarding rates and fees for residential loans. The bill primarily affects lenders, mortgage brokers, and borrowers by reinforcing restrictions on prepayment penalties, limiting upfront fees, and capping interest rates at 11% per annum for certain types of loans, such as those made by unqualified lenders or second mortgages. It also ensures that interest is calculated only on unpaid balances and prohibits interest from being added or deducted in advance. By updating the 1966 statute, the legislation aims to maintain consumer protections while aligning the law with current lending practices.
HB 6187 amends Michigan's Identity Theft Protection Act to update and clarify the definitions of key terms used throughout the law. The bill specifically revises how the statute defines "financial institutions" to ensure consistency with other state licensing laws and explicitly includes mortgage brokers and lenders under its protections. Additionally, it clarifies what constitutes a "security breach" by specifying that accidental access by employees acting in good faith does not count as a breach, and it expands the definition of "child or spousal support" to include various expenses like medical care and education. These changes aim to provide clearer guidance for businesses and individuals regarding data privacy and identity theft reporting requirements.
