Michigan passed a bill repealing the Borrower Bill of Rights and the Consumer Caution and Home Ownership Counseling Notice. Under the bill, a lender is no longer required to provide a Borrower Bill of Rights or a Consumer Caution and Home Ownership Counseling Notice to a mortgage loan applicant. In lieu of the Borrower Bill of Rights and the Consumer Caution and Home Ownership Counseling Notice, the lender must provide an applicant with a copy of the Special Information booklet that is required under the federal Real Estate Settlement Procedures Act. The bill becomes effective June 13, 2016.
See Michigan Legislative website for the full text of the Statutes:
http://www.legislature.mi.gov/documents/2015-2016/billenrolled/Senate/pdf/2015-SNB-0578.pdf
