Allow Certain Business Mortgage Loans with Interest Rates and Prepayment Fees

This bill would let lenders and business borrowers agree to any interest rate and prepayment penalties on mortgage loans secured by single-family homes, if the loan is for business, commercial, or investment use. For personal, family, or household loans, existing protections remain, such as prepayment penalties being capped at 1% if paid off within 3 years and banned after that, deposits can't be required except for escrow, and extra fees or points are restricted. Interest must be charged only on unpaid loan balances.

66.7%

Alignment

Yes

Abstain

House

passed; given immediate effect Roll Call #164 Yeas 81 Nays 26 Excused 0 Not Voting 3 · May 21, 2026 · pass

Legislator	Party	District	Their vote	District vote
Tyrone Carter	Democratic	MI0001L	yes	N/A
Tullio Liberati	Democratic	MI0002L	yes	N/A
Alabas Farhat	Democratic	MI0003L	yes	N/A
Karen Whitsett	Democratic	MI0004L	N/A	N/A
Regina Weiss	Democratic	MI0005L	no	N/A
Natalie Price	Democratic	MI0006L	no	N/A
Tonya Phillips	Democratic	MI0007L	N/A	N/A
Helena Scott	Democratic	MI0008L	yes	N/A
Joe Tate	Democratic	MI0009L	yes	N/A
Veronica Paiz	Democratic	MI0010L	yes	N/A
Donavan McKinney	Democratic	MI0011L	no	N/A
Kimberly Edwards	Democratic	MI0012L	no	N/A
Mai Xiong	Democratic	MI0013L	yes	N/A
Mike McFall	Democratic	MI0014L	no	N/A
Erin Byrnes	Democratic	MI0015L	no	N/A
Stephanie Young	Democratic	MI0016L	yes	N/A
Laurie Pohutsky	Democratic	MI0017L	no	N/A
Jason Hoskins	Democratic	MI0018L	yes	N/A
Samantha Steckloff	Democratic	MI0019L	yes	N/A
Noah Arbit	Democratic	MI0020L	yes	N/A
Kelly Breen	Democratic	MI0021L	yes	N/A
Matt Koleszar	Democratic	MI0022L	no	N/A
Jason Morgan	Democratic	MI0023L	no	N/A
Ranjeev Puri	Democratic	MI0024L	yes	N/A
Peter Herzberg	Democratic	MI0025L	yes	N/A
Dylan Wegela	Democratic	MI0026L	no	N/A
Rylee Linting	Republican	MI0027L	yes	N/A
Jamie Thompson	Republican	MI0028L	yes	N/A
Jim DeSana	Republican	MI0029L	yes	N/A
Will Bruck	Republican	MI0030L	no	N/A
Reggie Miller	Democratic	MI0031L	no	N/A
Jimmie Wilson	Democratic	MI0032L	no	N/A
Morgan Foreman	Democratic	MI0033L	no	N/A
Nancy Jenkins-Arno	Republican	MI0034L	yes	N/A
Jennifer Wortz	Republican	MI0035L	no	N/A
Steve Carra	Republican	MI0036L	yes	N/A
Brad Paquette	Republican	MI0037L	yes	N/A
Joey Andrews	Democratic	MI0038L	no	N/A
Pauline Wendzel	Republican	MI0039L	yes	N/A
Matt Longjohn	Democratic	MI0040L	no	N/A
Julie Rogers	Democratic	MI0041L	yes	N/A
Matt Hall	Republican	MI0042L	yes	N/A
Rachelle Smit	Republican	MI0043L	yes	N/A
Steve Frisbie	Republican	MI0044L	yes	N/A
Sarah Lightner	Republican	MI0045L	yes	N/A
Kathy Schmaltz	Republican	MI0046L	yes	N/A
Carrie Rheingans	Democratic	MI0047L	no	no
Jennifer Conlin	Democratic	MI0048L	yes	N/A
Ann Bollin	Republican	MI0049L	yes	N/A
Jason Woolford	Republican	MI0050L	yes	N/A
Matt Maddock	Republican	MI0051L	yes	no
Mike Harris	Republican	MI0052L	yes	N/A
Brenda Carter	Democratic	MI0053L	yes	N/A
Donni Steele	Republican	MI0054L	yes	N/A
Mark Tisdel	Republican	MI0055L	yes	N/A
Sharon MacDonell	Democratic	MI0056L	no	N/A
Tom Kuhn	Republican	MI0057L	yes	N/A
Ron Robinson	Republican	MI0058L	yes	N/A
Doug Wozniak	Republican	MI0059L	yes	N/A
Joe Aragona	Republican	MI0060L	yes	N/A
Denise Mentzer	Democratic	MI0061L	yes	N/A
Alicia St. Germaine	Republican	MI0062L	yes	N/A
Jay DeBoyer	Republican	MI0063L	yes	N/A
Joe Pavlov	Republican	MI0064L	yes	N/A
Jaime Greene	Republican	MI0065L	yes	N/A
Josh Schriver	Republican	MI0066L	yes	N/A
Phil Green	Republican	MI0067L	yes	N/A
David Martin	Republican	MI0068L	yes	N/A
Jaz Martus	Democratic	MI0069L	yes	N/A
Cynthia Neeley	Democratic	MI0070L	yes	N/A
Brian BeGole	Republican	MI0071L	yes	N/A
Mike Mueller	Republican	MI0072L	yes	N/A
Julie Brixie	Democratic	MI0073L	no	N/A
Kara Hope	Democratic	MI0074L	N/A	N/A
Penelope Tsernoglou	Democratic	MI0075L	yes	N/A
Angela Witwer	Democratic	MI0076L	yes	N/A
Emily Dievendorf	Democratic	MI0077L	no	N/A
Gina Johnsen	Republican	MI0078L	yes	N/A
Angela Rigas	Republican	MI0079L	yes	N/A
Phil Skaggs	Democratic	MI0080L	yes	N/A
Stephen Wooden	Democratic	MI0081L	yes	N/A
Kristian Grant	Democratic	MI0082L	no	N/A
John Fitzgerald	Democratic	MI0083L	yes	N/A
Carol Glanville	Democratic	MI0084L	no	N/A
Brad Slagh	Republican	MI0085L	yes	N/A
Nancy DeBoer	Republican	MI0086L	yes	N/A
Will Snyder	Democratic	MI0087L	yes	N/A
Greg VanWoerkom	Republican	MI0088L	yes	N/A
Luke Meerman	Republican	MI0089L	yes	N/A
Bryan Posthumus	Republican	MI0090L	yes	N/A
Pat Outman	Republican	MI0091L	yes	N/A
Jerry Neyer	Republican	MI0092L	yes	N/A
Tim Kelly	Republican	MI0093L	yes	N/A
Amos O'Neal	Democratic	MI0094L	yes	N/A
Bill Schuette	Republican	MI0095L	yes	N/A
Timmy Beson	Republican	MI0096L	no	N/A
Matt Bierlein	Republican	MI0097L	yes	N/A
Greg Alexander	Republican	MI0098L	yes	N/A
Mike Hoadley	Republican	MI0099L	yes	N/A
Tom Kunse	Republican	MI0100L	yes	N/A
Joseph Fox	Republican	MI0101L	N/A	N/A
Curt VanderWall	Republican	MI0102L	yes	N/A
Betsy Coffia	Democratic	MI0103L	no	N/A
J.R. Roth	Republican	MI0104L	yes	N/A
Ken Borton	Republican	MI0105L	yes	N/A
Cam Cavitt	Republican	MI0106L	yes	N/A
Parker Fairbairn	Republican	MI0107L	yes	N/A
Dave Prestin	Republican	MI0108L	yes	yes
Karl Bohnak	Republican	MI0109L	yes	N/A
Greg Markkanen	Republican	MI0110L	yes	N/A