Michigan · 2025-2026
HB 5552
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).
Bill record: Open States bulk CSV (bills/votes) CC0-1.0
Summary AI-generated
HB 5552 amends section 1c of the 1966 PA 326 to allow prepayment penalties on certain mortgage loans made for business purposes. The bill falls under the jurisdiction of Michigan and addresses consumer credit interest rates.
Software-generated, grounded only in the bill's own fields (it does not invent outcomes, amounts, or dates). Provenance: Open States bulk CSV (bills/votes) CC0-1.0 GovTally LLM enrichment (local oMLX)
Issue tags AI-classified
Classified by a local model from the bill's text; confidence shown. GovTally LLM enrichment (local oMLX)
Sponsors + 3 cosponsors
- Mark Tisdel Republican lead
- Brenda Carter Democratic
- Tom Kuhn Republican
- Tyrone Carter Democratic
Roll-call votes on this bill
| Question | Chamber | Result | Yea | Nay | Other | Date | Source |
|---|---|---|---|---|---|---|---|
| passed; given immediate effect Roll Call #164 Yeas 81 Nays 26 Excused 0 Not… | lower | pass | 80 | 25 | 0 | May 21, 2026 | Open States bulk CSV (bills/votes) CC0-1.0 |