Amends Michigan's residential mortgage licensing and supervision act to consolidate certain licensing statutes related to residential mortgages.

This bill amends the Michigan residential mortgage licensing and supervision act to consolidate certain licensing statutes related to residential mortgages. It includes definitions for terms such as "existing customer," "home solicitation sale," "telephone solicitation," and "do-not-call list." The bill also specifies exceptions to these definitions, such as sales made at a fixed business location or pursuant to prior negotiations. The changes are contingent on the enactment of House Bill No. 6177.

Amends Michigan's residential mortgage licensing and supervision act to consolidate certain licensing statutes related to residential mortgages.

This bill amends the Michigan residential mortgage licensing and supervision act to consolidate certain licensing statutes related to residential mortgages. It includes definitions for terms such as "existing customer," "home solicitation sale," "telephone solicitation," and "do-not-call list." The bill also specifies exceptions to these definitions, such as sales made at a fixed business location or pursuant to prior negotiations. The changes are contingent on the enactment of House Bill No. 6177.