Michigan 2025-2026 Regular Session Status: Passed House 1 R cosponsors

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).

Last action — REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has passed the House. Introduced June 02, 2026. It now moves to the second chamber.

Next likely step: consideration and a floor vote in the Senate.

Prognosis

Advancing 48% · moderate confidence

Where this bill stands today.

Odds of enactment

Moderate

How often bills like it became law.

  • Passed House

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

The bill allows prepayment penalties on certain business mortgage loans.

This bill amends existing laws to permit prepayment penalties for certain mortgage loans made for business purposes. It specifically updates regulations around consumer credit and interest rates.

What this means for you
  • Small Business: This means you could face prepayment penalties if you pay off your business mortgage loan early.

Summary

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 Text

What changed in the latest version

9 added · 8 removed

Plain-language change summary

In the latest version of Bill HB 5552, some lines have been added while others have been removed, indicating a revision in the text. The added lines enhance the bill by providing clearer information or guidelines, while the removed lines were likely outdated or unnecessary. This change matters because it aims to improve the effectiveness of the bill and ensure it better addresses the needs it seeks to fulfill.

→
Previous
Latest
HOUSE BILL NO.
HB-5552, As Passed House, May 21, 2026 HOUSE BILL NO.
USC 78a to 78o, 78o-3 to 78dd-1, 78ee to 78hh, and 78ll 78rr, for carrying a debit balance in an account for JJB H05149'25_HB5552_INTR_1 qadnsm 1 a customer is not subject to the limitations of this act if the debit balance is payable on demand and secured by stocks or bonds.
USC 78a to 78o, 78o-3 to 78dd-1, 78ee to 78hh, and 78ll 78rr, for carrying a debit balance in an account for JJB H05149'25_HB5552_APH_1 yu4gfa 1 a customer is not subject to the limitations of this act if the debit balance is payable on demand and secured by stocks or bonds.
(c) Charge If the loan is made primarily for a personal, family, or household purpose, charge a prepayment fee or penalty in JJB H05149'25_HB5552_INTR_1 qadnsm 1 excess of 1% of the amount of any prepayment made within 3 years of after the date of the loan, or any prepayment fee or penalty at all thereafter.
(c) Charge If the loan is made primarily for a personal, family, or household purpose, charge a prepayment fee or penalty in JJB H05149'25_HB5552_APH_1 yu4gfa 1 excess of 1% of the amount of any prepayment made within 3 years of after the date of the loan, or any prepayment fee or penalty at all thereafter.
A second mortgage made pursuant to JJB H05149'25_HB5552_INTR_1 qadnsm 1 under this subsection shall must be made in compliance with Act No.
A second mortgage made pursuant to JJB H05149'25_HB5552_APH_1 yu4gfa 1 under this subsection shall must be made in compliance with Act No.
299 of the Public Acts of 1980, as amended, being sections 1980 PA 299, MCL 339.2501 to 339.2515 of the Michigan Compiled Laws, 339.2518, and engaged in the sale of real estate as a principal vocation, when made or negotiated in connection with a real estate sale where the JJB H05149'25_HB5552_INTR_1 qadnsm 1 real estate broker or salesperson affiliated with the real estate broker represents either the buyer or seller.
299 of the Public Acts of 1980, as amended, being sections 1980 PA 299, MCL 339.2501 to 339.2515 of the Michigan Compiled Laws, 339.2518, and engaged in the sale of real estate as a principal vocation, when made or negotiated in connection with a real estate sale where the JJB H05149'25_HB5552_APH_1 yu4gfa 1 real estate broker or salesperson affiliated with the real estate broker represents either the buyer or seller.
(9) A mortgage loan or land contract made under this act shall must not provide for a rate of interest added or deducted in JJB H05149'25_HB5552_INTR_1 qadnsm 1 advance and interest on the mortgage loan or land contract shall must be computed from time to time only on the basis of unpaid balances.
(9) A mortgage loan or land contract made under this act shall must not provide for a rate of interest added or deducted in JJB H05149'25_HB5552_APH_1 yu4gfa 1 advance and interest on the mortgage loan or land contract shall must be computed from time to time only on the basis of unpaid balances.
All interest earned on the pledged deposit account shall must be credited to the JJB H05149'25_HB5552_INTR_1 qadnsm 1 deposit account.
All interest earned on the pledged deposit account shall must be credited to the JJB H05149'25_HB5552_APH_1 yu4gfa 1 deposit account.
JJB H05149'25_HB5552_INTR_1 qadnsm 1 However, the borrower shall must not be required to maintain funds in the account in excess of an amount sufficient to meet the required biweekly loan payments, including required escrow payments for taxes and insurance, if any, as they become due.
JJB H05149'25_HB5552_APH_1 yu4gfa 1 However, the borrower shall must not be required to maintain funds in the account in excess of an amount sufficient to meet the required biweekly loan payments, including required escrow payments for taxes and insurance, if any, as they become due.
Final Page JJB H05149'25_HB5552_INTR_1 qadnsm
Final Page JJB H05149'25_HB5552_APH_1 yu4gfa
⬇ Download PDF
View plain text versions (2)

Action History

  1. REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 146 not signed on · 25 voted No

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (146)

146 members have not signed on to this bill.

Show all 146 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

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

Passed 81 Yea · 26 Nay
Party YeaNayPresentNot Voting
Republican 53300
Democrat 262200
Unaffiliated 2100
Total 812600
% of votes cast 76%24%0%0%
How each member voted (107)
Member Party Vote
O’Neal — Yea
Myers-Phillips — Nay
St. Germaine — Yea
Alabas Farhat Democrat Yea
Angela Witwer Democrat Yea
Betsy Coffia Democrat Nay
Brenda Carter Democrat Yea
Carol Glanville Democrat Nay
Carrie Rheingans Democrat Nay
Cynthia Neeley Democrat Yea
Denise Mentzer Democrat Yea
Donavan McKinney Democrat Nay
Dylan Wegela Democrat Nay
Emily Dievendorf Democrat Nay
Erin Byrnes Democrat Nay
Helena Scott Democrat Yea
Jason M Hoskins Democrat Yea
Jason Morgan Democrat Nay
Jasper Martus Democrat Yea
Jennifer Conlin Democrat Yea
Jimmie Wilson Jr Democrat Nay
Joey Andrews Democrat Nay
John Fitzgerald Democrat Yea
Joseph Tate Democrat Yea
Julie Brixie Democrat Nay
Julie M. Rogers Democrat Yea
Kelly A Breen Democrat Yea
Kimberly Edwards Democrat Nay
Kristian Grant Democrat Nay
Laurie Pohutsky Democrat Nay
Mai Xiong Democrat Yea
Matt Koleszar Democrat Nay
Matt Longjohn Democrat Nay
Mike McFall Democrat Nay
Morgan Foreman Democrat Nay
Natalie Price Democrat Nay
Noah Arbit Democrat Yea
Penelope Tsernoglou Democrat Yea
Peter Herzberg Democrat Yea
Phil Skaggs Democrat Yea
Ranjeev Puri Democrat Yea
Reggie Miller Democrat Nay
Regina Weiss Democrat Nay
Samantha Steckloff Democrat Yea
Sharon MacDonell Democrat Nay
Stephanie A Young Democrat Yea
Stephen Wooden Democrat Yea
Tullio Liberati Jr. Democrat Yea
Tyrone Carter Democrat Yea
Veronica Paiz Democrat Yea
Will Snyder Democrat Yea
Angela Rigas Republican Yea
Ann M. Bollin Republican Yea
Bill Schuette Republican Yea
Brad Paquette Republican Yea
Bradley Slagh Republican Yea
Brian BeGole Republican Yea
Bryan Posthumus Republican Yea
Cameron Cavitt Republican Yea
Curtis S VanderWall Republican Yea
David Prestin Republican Yea
David W. Martin Republican Yea
Donni Steele Republican Yea
Douglas C Wozniak Republican Yea
Gina Johnsen Republican Yea
Greg VanWoerkom Republican Yea
Gregory Alexander Republican Yea
Gregory Markkanen Republican Yea
Jaime Greene Republican Yea
James DeSana Republican Yea
Jamie Thompson Republican Yea
Jason Woolford Republican Yea
Jay DeBoyer Republican Yea
Jennifer Wortz Republican Nay
Jerry Neyer Republican Yea
John R. Roth Republican Yea
Joseph A. Aragona Republican Yea
Joseph Pavlov Republican Yea
Josh Schriver Republican Yea
Karl Bohnak Republican Yea
Kathy Schmaltz Republican Yea
Ken Borton Republican Yea
Luke Meerman Republican Yea
Mark A Tisdel Republican Yea
Matt Hall Republican Yea
Matt Maddock Republican Yea
Matthew Bierlein Republican Yea
Mike Harris Republican Yea
Mike Hoadley Republican Yea
Mike Mueller Republican Yea
Nancy DeBoer Republican Yea
Nancy Jenkins-Arno Republican Yea
Parker Fairbairn Republican Yea
Pat Outman Republican Yea
Pauline Wendzel Republican Yea
Phil Green Republican Yea
Rachelle Smit Republican Yea
Ron Robinson Republican Yea
Rylee Linting Republican Yea
Sarah Lightner Republican Yea
Steve Carra Republican Yea
Steve Frisbie Republican Yea
Thomas Kuhn Republican Yea
Tim Kelly Republican Yea
Timothy Beson Republican Nay
Tom Kunse Republican Yea
William Bruck Republican Nay

Official roll call →

passed; given immediate effect

Passed 81 Yea · 26 Nay · 3 Other
Party YeaNayPresentNot Voting
Republican 52300
Democrat 262200
Unaffiliated 3100
Total 812600
% of votes cast 76%24%0%0%
How each member voted (107)
Member Party Vote
O’Neal — Yea
Outman — Yea
Myers-Phillips — Nay
St. Germaine — Yea
Alabas Farhat Democrat Yea
Angela Witwer Democrat Yea
Betsy Coffia Democrat Nay
Brenda Carter Democrat Yea
Carol Glanville Democrat Nay
Carrie Rheingans Democrat Nay
Cynthia Neeley Democrat Yea
Denise Mentzer Democrat Yea
Donavan McKinney Democrat Nay
Dylan Wegela Democrat Nay
Emily Dievendorf Democrat Nay
Erin Byrnes Democrat Nay
Helena Scott Democrat Yea
Jason M Hoskins Democrat Yea
Jason Morgan Democrat Nay
Jasper Martus Democrat Yea
Jennifer Conlin Democrat Yea
Jimmie Wilson Jr Democrat Nay
Joey Andrews Democrat Nay
John Fitzgerald Democrat Yea
Joseph Tate Democrat Yea
Julie Brixie Democrat Nay
Julie M. Rogers Democrat Yea
Kelly A Breen Democrat Yea
Kimberly Edwards Democrat Nay
Kristian Grant Democrat Nay
Laurie Pohutsky Democrat Nay
Mai Xiong Democrat Yea
Matt Koleszar Democrat Nay
Matt Longjohn Democrat Nay
Mike McFall Democrat Nay
Morgan Foreman Democrat Nay
Natalie Price Democrat Nay
Noah Arbit Democrat Yea
Penelope Tsernoglou Democrat Yea
Peter Herzberg Democrat Yea
Phil Skaggs Democrat Yea
Ranjeev Puri Democrat Yea
Reggie Miller Democrat Nay
Regina Weiss Democrat Nay
Samantha Steckloff Democrat Yea
Sharon MacDonell Democrat Nay
Stephanie A Young Democrat Yea
Stephen Wooden Democrat Yea
Tullio Liberati Jr. Democrat Yea
Tyrone Carter Democrat Yea
Veronica Paiz Democrat Yea
Will Snyder Democrat Yea
Angela Rigas Republican Yea
Ann M. Bollin Republican Yea
Bill Schuette Republican Yea
Brad Paquette Republican Yea
Bradley Slagh Republican Yea
Brian BeGole Republican Yea
Bryan Posthumus Republican Yea
Cameron Cavitt Republican Yea
Curtis S VanderWall Republican Yea
David Prestin Republican Yea
David W. Martin Republican Yea
Donni Steele Republican Yea
Douglas C Wozniak Republican Yea
Gina Johnsen Republican Yea
Greg VanWoerkom Republican Yea
Gregory Alexander Republican Yea
Gregory Markkanen Republican Yea
Jaime Greene Republican Yea
James DeSana Republican Yea
Jamie Thompson Republican Yea
Jason Woolford Republican Yea
Jay DeBoyer Republican Yea
Jennifer Wortz Republican Nay
Jerry Neyer Republican Yea
John R. Roth Republican Yea
Joseph A. Aragona Republican Yea
Joseph Pavlov Republican Yea
Josh Schriver Republican Yea
Karl Bohnak Republican Yea
Kathy Schmaltz Republican Yea
Ken Borton Republican Yea
Luke Meerman Republican Yea
Mark A Tisdel Republican Yea
Matt Hall Republican Yea
Matt Maddock Republican Yea
Matthew Bierlein Republican Yea
Mike Harris Republican Yea
Mike Hoadley Republican Yea
Mike Mueller Republican Yea
Nancy DeBoer Republican Yea
Nancy Jenkins-Arno Republican Yea
Parker Fairbairn Republican Yea
Pauline Wendzel Republican Yea
Phil Green Republican Yea
Rachelle Smit Republican Yea
Ron Robinson Republican Yea
Rylee Linting Republican Yea
Sarah Lightner Republican Yea
Steve Carra Republican Yea
Steve Frisbie Republican Yea
Thomas Kuhn Republican Yea
Tim Kelly Republican Yea
Timothy Beson Republican Nay
Tom Kunse Republican Yea
William Bruck Republican Nay

Official roll call →

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 5552 do?
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).
Who sponsors HB 5552?
HB 5552 is sponsored by Mark A Tisdel (Republican).
What is the current status of HB 5552?
This bill has passed the House. Introduced June 02, 2026. It now moves to the second chamber.
Where can I track HB 5552?
Track HB 5552 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on HB 5552

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of HB 5552

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →