Michigan HB6198: Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in RS 1846 ch 81. Amends sec. 2 of 1846 RS 81 (MCL 566.132). TIE BAR WITH: HB 6177'26

What the bill says

To amend 1846 RS 81, entitled "Of fraudulent conveyances and contracts, relative to goods, chattels, and things in action," by amending section 2 (MCL 566.132), as amended by 2020 PA 63.

From the introduced text, July 3, 2026:

A bill to amend 1846 RS 81, entitled "Of fraudulent conveyances and contracts, relative to goods, chattels, and things in action," by amending section 2 (MCL 566.132), as amended by 2020 PA 63. the people of the state of michigan enact: Sec. 2. (1) In the following cases an agreement, contract, or promise is void unless that agreement, contract, or promise, or a note or memorandum of the agreement, contract, or promise, is in writing and signed with an authorized signature by the party to be charged with the agreement, contract, or promise: (a) An agreement that, by its terms, is not to be performed within 1 year from the making of the agreement. (b) A special promise to answer for the debt, default, or misdoings of another person. (c) An agreement, promise, or undertaking made upon consideration of marriage, except mutual promises to marry. (d) A special promise made by a personal representative to answer damages out of his or her the personal representative's own estate. (e) An agreement, promise, or contract to pay a commission for or upon the sale of an interest in real estate. (f) An assignment of things in action, whether intended as a transfer for sale, for security, or otherwise. (g) An agreement, promise, contract, or warranty of cure relating to medical care or …

Read the full official text

Sponsors

• Fairbairn, Parker (R, 107) · primary sponsor
• Tisdel, Mark (R, 55)

Latest actions

1. July 3, 2026: bill electronically reproduced 07/03/2026
2. July 3, 2026: referred to Committee on Finance
3. July 3, 2026: read a first time
4. July 3, 2026: introduced by Representative Rep. Parker Fairbairn

Common questions

What is HB6198?

HB6198 is a bill in the Michigan Legislature (103rd Legislature): Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in RS 1846 ch 81. Amends sec. 2 of 1846 RS 81 (MCL 566.132). TIE BAR WITH: HB 6177'26.

What does HB6198 do?

In its own words: To amend 1846 RS 81, entitled "Of fraudulent conveyances and contracts, relative to goods, chattels, and things in action," by amending section 2 (MCL 566.132), as amended by 2020 PA 63.

What is the status of HB6198?

In committee as of July 3, 2026. Latest action: bill electronically reproduced 07/03/2026 (July 3, 2026).

Who sponsored HB6198?

Fairbairn, Parker (R, 107), with 1 co-sponsor.

Where is the official record for HB6198?

On the Michigan Legislature website: https://www.legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-6198