All Financial Institutions Legislation - Michigan
HB6618 - Criminal procedure; sentencing guidelines; violation of secondary mortgage loan act; reflect reduction of penalty to misdemeanor. Amends sec. 14p, ch. XVII of 1927 PA 175 (MCL 777.14p). TIE BAR WITH: SB 1552'08
Latest Action: 11/25/2008 - Printed bill filed 11/20/2008 Bill Text Criminal procedure; sentencing guidelines; violation of secondary mortgage loan act; reflect reduction of penalty to misdemeanor. Amends sec. 14p, ch. XVII of 1927 PA 175 (MCL 777.14p). TIE BAR WITH: SB 1552'08 Comment on Bill SB1555 - Financial institutions; mortgage brokers and lenders; application of licensing or registration requirements to loan officers; revise. Amends sec. 2 of 1987 PA 173 (MCL 445.1652). TIE BAR WITH: HB 6562'08, SB 1552'08, SB 1553'08, SB 1554'08
Latest Action: 11/13/2008 - Referred to committee on banking and financial services Bill Text Financial institutions; mortgage brokers and lenders; application of licensing or registration requirements to loan officers; revise. Amends sec. 2 of 1987 PA 173 (MCL 445.1652). TIE BAR WITH: HB 6562'08, SB 1552'08, SB 1553'08, SB 1554'08 SB1554 - Financial institutions; mortgage brokers and lenders; criminal history checks and application procedure for loan officer registration applicants; revise. Amends sec. 2a of 1987 PA 173 (MCL 445.1652a). TIE BAR WITH: HB 6562'08, SB 1552'08, SB 1553'08, SB 1555'08
Latest Action: 11/13/2008 - Referred to committee on banking and financial services Bill Text Financial institutions; mortgage brokers and lenders; criminal history checks and application procedure for loan officer registration applicants; revise. Amends sec. 2a of 1987 PA 173 (MCL 445.1652a). TIE BAR WITH: HB 6562'08, SB 1552'08, SB 1553'08, SB 1555'08 SB1553 - Financial institutions; mortgage brokers and lenders; MBLSLA fund; expand authorized uses of money in fund. Amends sec. 8 of 1987 PA 173 (MCL 445.1658). TIE BAR WITH: HB 6562'08, SB 1552'08, SB 1554'08, SB 1555'08
Latest Action: 11/13/2008 - Referred to committee on banking and financial services Bill Text Financial institutions; mortgage brokers and lenders; MBLSLA fund; expand authorized uses of money in fund. Amends sec. 8 of 1987 PA 173 (MCL 445.1658). TIE BAR WITH: HB 6562'08, SB 1552'08, SB 1554'08, SB 1555'08 SB1552 - Financial institutions; mortgage brokers and lenders; secondary mortgage loan officer registration requirements; include in secondary mortgage act. Amends title & secs. 1, 2, 6, 6a, 6b, 11, 13, 20, 22 & 27 of 1981 PA 125 (MCL 493.51 et seq.) & adds secs. 2a, 2b, 2c, 2d & 26a. TIE BAR WITH: HB 6562'08, SB 1553'08, SB 1554'08, SB 1555'08
Latest Action: 11/13/2008 - Referred to committee on banking and financial services Bill Text Financial institutions; mortgage brokers and lenders; secondary mortgage loan officer registration requirements; include in secondary mortgage act. Amends title & secs. 1, 2, 6, 6a, 6b, 11, 13, 20, 22 & 27 of 1981 PA 125 (MCL 493.51 et seq.) & adds secs. 2a, 2b, 2c, 2d & 26a. TIE BAR WITH: HB 6562'08, SB 1553'08, SB 1554'08, SB 1555'08 HB6562 - Financial institutions; mortgage brokers and lenders; duties of mortgage industry advisory board; expand. Amends sec. 33 of 1987 PA 173 (MCL 445.1683). TIE BAR WITH: SB 1552'08, SB 1553'08, SB 1554'08, SB 1555'08
Latest Action: 11/13/2008 - Read a second time Bill Text Financial institutions; mortgage brokers and lenders; duties of mortgage industry advisory board; expand. Amends sec. 33 of 1987 PA 173 (MCL 445.1683). TIE BAR WITH: SB 1552'08, SB 1553'08, SB 1554'08, SB 1555'08 HB6534 - Civil procedure; garnishment and attachment; miscellaneous protections from garnishment; enact. Amends secs. 4031, 4061, 4061a, 6215, 6231 & 6245 of 1961 PA 236 (MCL 600.4031 et seq.). TIE BAR WITH: HB 6535'08
Latest Action: 10/29/2008 - Printed bill filed 10/16/2008 Bill Text Civil procedure; garnishment and attachment; miscellaneous protections from garnishment; enact. Amends secs. 4031, 4061, 4061a, 6215, 6231 & 6245 of 1961 PA 236 (MCL 600.4031 et seq.). TIE BAR WITH: HB 6535'08 HB6392 - Income tax; collections; use of credit cards as payment option for state taxes; allow. Amends sec. 19 of 1941 PA 122 (MCL 205.19).
Latest Action: 09/09/2008 - Printed bill filed 09/04/2008 Bill Text Income tax; collections; use of credit cards as payment option for state taxes; allow. Amends sec. 19 of 1941 PA 122 (MCL 205.19). HB6292 - Business tax; other; definition of equity capital for financial institutions; provide for. Amends sec. 265 of 2007 PA 36 (MCL 208.1265).
Latest Action: 07/16/2008 - Printed bill filed 06/30/2008 Bill Text Business tax; other; definition of equity capital for financial institutions; provide for. Amends sec. 265 of 2007 PA 36 (MCL 208.1265). HB6153 - Business tax; other; eligibility for all credits; eliminate exclusion of insurance companies and financial institutions. Amends secs. 403, 431, 433, 435 & 437 of 2007 PA 36 (MCL 208.1403 et seq.) & repeals sec. 400 of 2007 PA 36 (MCL 208.1400).
Latest Action: 05/27/2008 - Printed bill filed 05/23/2008 Bill Text Business tax; other; eligibility for all credits; eliminate exclusion of insurance companies and financial institutions. Amends secs. 403, 431, 433, 435 & 437 of 2007 PA 36 (MCL 208.1403 et seq.) & repeals sec. 400 of 2007 PA 36 (MCL 208.1400). HB6148 - Criminal procedure; sentencing guidelines; violation of mortgage company act or secondary mortgage loan act; reflect reduction of penalty to misdemeanor. Amends sec. 14p, ch. XVII of 1927 PA 175 (MCL 777.14p). TIE BAR WITH: SB 0343'07, SB 0356'07
Latest Action: 11/13/2008 - Referred to committee on banking and financial institutions Bill Text Criminal procedure; sentencing guidelines; violation of mortgage company act or secondary mortgage loan act; reflect reduction of penalty to misdemeanor. Amends sec. 14p, ch. XVII of 1927 PA 175 (MCL 777.14p). TIE BAR WITH: SB 0343'07, SB 0356'07 HB6106 - Financial institutions; banks; notice of transfer of personal identifying information; require. Amends 1999 PA 276 (MCL 487.11101 - 487.15105) by adding sec. 3914. TIE BAR WITH: HB 6099'08, HB 6100'08, HB 6101'08, HB 6102'08, HB 6103'08, HB 6104'08, HB 6105'08, HB 6107'08
Latest Action: 05/13/2008 - Printed bill filed 05/09/2008 Bill Text Financial institutions; banks; notice of transfer of personal identifying information; require. Amends 1999 PA 276 (MCL 487.11101 - 487.15105) by adding sec. 3914. TIE BAR WITH: HB 6099'08, HB 6100'08, HB 6101'08, HB 6102'08, HB 6103'08, HB 6104'08, HB 6105'08, HB 6107'08 HB6107 - Financial institutions; credit unions; notice of transfer of personal identifying information; require. Amends 2003 PA 215 (MCL 490.101 - 490.601) by adding sec. 388. TIE BAR WITH: HB 6099'08, HB 6100'08, HB 6101'08, HB 6102'08, HB 6103'08, HB 6104'08, HB 6105'08, HB 6106'08
Latest Action: 05/13/2008 - Printed bill filed 05/09/2008 Bill Text Financial institutions; credit unions; notice of transfer of personal identifying information; require. Amends 2003 PA 215 (MCL 490.101 - 490.601) by adding sec. 388. TIE BAR WITH: HB 6099'08, HB 6100'08, HB 6101'08, HB 6102'08, HB 6103'08, HB 6104'08, HB 6105'08, HB 6106'08 SB0920 - Financial institutions; generally; Utah industrial loan corporations; prohibit operation as out-of-state banks. Amends secs. 1201, 1202 & 3711 of 1999 PA 276 (MCL 487.11201 et seq.).
Latest Action: 11/27/2007 - Referred to committee on banking and financial institutions Bill Text Financial institutions; generally; Utah industrial loan corporations; prohibit operation as out-of-state banks. Amends secs. 1201, 1202 & 3711 of 1999 PA 276 (MCL 487.11201 et seq.). SB0905 - Environmental protection; landfills; HDPE and PETE plastic; prohibit disposal of. Amends sec. 11514 of 1994 PA 451 (MCL 324.11514).
Latest Action: 11/08/2007 - Referred to committee on natural resources and environmental affairs Bill Text Environmental protection; landfills; HDPE and PETE plastic; prohibit disposal of. Amends sec. 11514 of 1994 PA 451 (MCL 324.11514). SB0904 - Environmental protection; landfills; newsprint; prohibit disposal of. Amends sec. 11514 of 1994 PA 451 (MCL 324.11514).
Latest Action: 11/08/2007 - Referred to committee on natural resources and environmental affairs Bill Text Environmental protection; landfills; newsprint; prohibit disposal of. Amends sec. 11514 of 1994 PA 451 (MCL 324.11514). SB0877 - Business tax; other; tax rate levied and imposed on financial institutions; revise. Amends sec. 263 of 2007 PA 36 (MCL 208.1263). TIE BAR WITH: SB 0870'07, SB 0871'07, SB 0873'07, SB 0874'07, SB 0875'07
Latest Action: 11/01/2007 - Referred to committee on finance Bill Text Business tax; other; tax rate levied and imposed on financial institutions; revise. Amends sec. 263 of 2007 PA 36 (MCL 208.1263). TIE BAR WITH: SB 0870'07, SB 0871'07, SB 0873'07, SB 0874'07, SB 0875'07 SB0876 - Business tax; other; certain tax bases, tax rates, tax credits, and refunds based on business tax revenue; revise, and repeal certain use tax exemptions and statutory appropriations. Amends secs. 201, 203, 235, 263, 417 & 601 of 2007 PA 36 (MCL 208.1201 et seq.) & repeals sec. 6a of 1937 PA 94 (MCL 205.96a).
Latest Action: 11/01/2007 - Referred to committee on finance Bill Text Business tax; other; certain tax bases, tax rates, tax credits, and refunds based on business tax revenue; revise, and repeal certain use tax exemptions and statutory appropriations. Amends secs. 201, 203, 235, 263, 417 & 601 of 2007 PA 36 (MCL 208.1201 et seq.) & repeals sec. 6a of 1937 PA 94 (MCL 205.96a). SB1067 - Consumer credit; predatory lending; practice of flipping a home loan; prohibit. Amends sec. 4 of 2002 PA 660 (MCL 445.1634).
Latest Action: 01/30/2008 - Referred to committee on banking and financial institutions Bill Text Consumer credit; predatory lending; practice of flipping a home loan; prohibit. Amends sec. 4 of 2002 PA 660 (MCL 445.1634). SB1022 - Consumer protection; identity theft; personal identifying information; require encryption of certain computerized data and provide remedy to depository institutions for security breaches. Amends secs. 11 & 12 of 2004 PA 452 (MCL 445.71 & 445.72).
Latest Action: 01/22/2008 - Referred to committee on banking and financial institutions Bill Text Consumer protection; identity theft; personal identifying information; require encryption of certain computerized data and provide remedy to depository institutions for security breaches. Amends secs. 11 & 12 of 2004 PA 452 (MCL 445.71 & 445.72). SB0627 - Human services; services or financial assistance; estate preservation residential mortgage assessment; establish, and exempt certain participants from Michigan medicaid estate recovery program. Amends title of 1977 PA 135 (MCL 445.1601 - 445.1614) & adds secs. 2b, 2c & 2d.
Latest Action: 06/28/2007 - Referred to committee on appropriations Bill Text Human services; services or financial assistance; estate preservation residential mortgage assessment; establish, and exempt certain participants from Michigan medicaid estate recovery program. Amends title of 1977 PA 135 (MCL 445.1601 - 445.1614) & adds secs. 2b, 2c & 2d. SB0454 - Financial institutions; small loan companies; cap on payday lenders' charges allowed for military personnel or families; provide for. Amends secs. 2, 33 & 35 of 2005 PA 244 (MCL 487.2122 et seq.).
Latest Action: 04/26/2007 - Referred to committee on banking and financial institutions Bill Text Financial institutions; small loan companies; cap on payday lenders' charges allowed for military personnel or families; provide for. Amends secs. 2, 33 & 35 of 2005 PA 244 (MCL 487.2122 et seq.). SB0384 - Financial institutions; other; service fee for authorizing electronic debit or withdrawal from deposit account for second mortgage payment; allow. Amends sec. 22 of 1981 PA 125 (MCL 493.72).
Latest Action: 03/28/2007 - Referred to committee on banking and financial institutions Bill Text Financial institutions; other; service fee for authorizing electronic debit or withdrawal from deposit account for second mortgage payment; allow. Amends sec. 22 of 1981 PA 125 (MCL 493.72). SB0169 - Businesses; other; licensure of check cashing businesses; require. Creates new act.
Latest Action: 02/06/2007 - Referred to committee on banking and financial institutions Bill Text Businesses; other; licensure of check cashing businesses; require. Creates new act. SB0065 - Consumer credit; other; debt management act; make general revisions. Amends secs. 2, 4, 5, 6, 8, 12, 13, 14, 16, 18 & 19 of 1975 PA 148 (MCL 451.412 et seq.).
Latest Action: 01/24/2007 - Referred to committee on banking and financial institutions Bill Text Consumer credit; other; debt management act; make general revisions. Amends secs. 2, 4, 5, 6, 8, 12, 13, 14, 16, 18 & 19 of 1975 PA 148 (MCL 451.412 et seq.). SB0939 - Financial institutions; mortgage brokers and lenders; reference in the mortgage brokers, lenders, and servicers licensing act to single business tax; revise. Amends sec. 2 of 1987 PA 173 (MCL 445.1652).
Latest Action: 12/27/2007 - Presented to governor 12/19/2007 @ 4:58 pm Bill Text Financial institutions; mortgage brokers and lenders; reference in the mortgage brokers, lenders, and servicers licensing act to single business tax; revise. Amends sec. 2 of 1987 PA 173 (MCL 445.1652). SB0833 - Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; prohibit acting without registration and establish penalties and remedies for violating act. Amends sec. 29 of 1987 PA 173 (MCL 445.1679). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07
Latest Action: 04/15/2008 - Approved by governor 4/2/2008 @ 2:29 pm Bill Text Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; prohibit acting without registration and establish penalties and remedies for violating act. Amends sec. 29 of 1987 PA 173 (MCL 445.1679). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07 SB0832 - Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; prohibit certain activities by loan officers. Amends sec. 22a of 1987 PA 173 (MCL 445.1672a) & adds sec. 22b. TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0833'07
Latest Action: 04/15/2008 - Approved by governor 4/2/2008 @ 2:27 pm Bill Text Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; prohibit certain activities by loan officers. Amends sec. 22a of 1987 PA 173 (MCL 445.1672a) & adds sec. 22b. TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0833'07 SB0831 - Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; establish effect of surrender, revocation, or suspension of registration. Amends sec. 10 of 1987 PA 173 (MCL 445.1660). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0832'07, SB 0833'07
Latest Action: 04/15/2008 - Approved by governor 4/2/2008 @ 2:25 pm Bill Text Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; establish effect of surrender, revocation, or suspension of registration. Amends sec. 10 of 1987 PA 173 (MCL 445.1660). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0832'07, SB 0833'07 SB0830 - Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; establish fees and allocate fee revenue to MBLSLA fund. Amends sec. 8 of 1987 PA 173 (MCL 445.1658). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0831'07, SB 0832'07, SB 0833'07
Latest Action: 04/15/2008 - Approved by governor 4/2/2008 @ 2:23 pm Bill Text Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; establish fees and allocate fee revenue to MBLSLA fund. Amends sec. 8 of 1987 PA 173 (MCL 445.1658). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0831'07, SB 0832'07, SB 0833'07 SB0829 - Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; establish registration renewal process. Amends 1987 PA 173 (MCL 445.1651 - 445.1684) by adding sec. 2b. TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07
Latest Action: 04/15/2008 - Approved by governor 4/2/2008 @ 2:21 pm Bill Text Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; establish registration renewal process. Amends 1987 PA 173 (MCL 445.1651 - 445.1684) by adding sec. 2b. TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 SB0828 - Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; revise title and definition section of mortgage broker act. Amends title & sec. 1a of 1987 PA 173 (MCL 445.1651a). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07
Latest Action: 04/15/2008 - Approved by governor 4/2/2008 @ 2:19 pm Bill Text Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; revise title and definition section of mortgage broker act. Amends title & sec. 1a of 1987 PA 173 (MCL 445.1651a). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 SB0827 - Criminal procedure; sentencing guidelines; violation of mortgage company act or secondary mortgage loan act; reflect reduction of penalty to misdemeanor. Amends sec. 14h, ch. XVII of 1927 PA 175 (MCL 777.14h). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07
Latest Action: 04/15/2008 - Approved by governor 4/2/2008 @ 2:17 pm Bill Text Criminal procedure; sentencing guidelines; violation of mortgage company act or secondary mortgage loan act; reflect reduction of penalty to misdemeanor. Amends sec. 14h, ch. XVII of 1927 PA 175 (MCL 777.14h). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 SB0826 - Financial institutions; mortgage brokers and lenders; regulation of and registration of mortgage loan officers; create mortgage industry advisory board. Amends sec. 33 of 1987 PA 173 (MCL 445.1683). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07
Latest Action: 04/15/2008 - Approved by governor 4/2/2008 @ 2:15 pm Bill Text Financial institutions; mortgage brokers and lenders; regulation of and registration of mortgage loan officers; create mortgage industry advisory board. Amends sec. 33 of 1987 PA 173 (MCL 445.1683). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 SB0432 - Criminal procedure; sentencing guidelines; violation of mortgage company act or secondary mortgage loan act; reflect reduction of penalty to misdemeanor. Amends secs. 14h & 14p, ch. XVII of 1927 PA 175 (MCL 777.14h & 777.14p). TIE BAR WITH: SB 0343'07, SB 0356'07
Latest Action: 05/02/2007 - Passed roll call # 81 yeas 38 nays 0 excused 0 not voting 0 Bill Text Criminal procedure; sentencing guidelines; violation of mortgage company act or secondary mortgage loan act; reflect reduction of penalty to misdemeanor. Amends secs. 14h & 14p, ch. XVII of 1927 PA 175 (MCL 777.14h & 777.14p). TIE BAR WITH: SB 0343'07, SB 0356'07 SB0356 - Financial institutions; mortgage brokers and lenders; coercing or inducing appraisers to inflate value of mortgaged property; prohibit. Amends sec. 29 of 1987 PA 173 (MCL 445.1679). TIE BAR WITH: SB 0342'07, SB 0343'07
Latest Action: 05/27/2008 - Reported with recommendation with substitute h-2 Bill Text Financial institutions; mortgage brokers and lenders; coercing or inducing appraisers to inflate value of mortgaged property; prohibit. Amends sec. 29 of 1987 PA 173 (MCL 445.1679). TIE BAR WITH: SB 0342'07, SB 0343'07 SB0343 - Financial institutions; mortgage brokers and lenders; coercing or inducing appraisers to inflate value of real property offered as collateral for secondary mortgage loan; prohibit. Amends sec. 27 of 1981 PA 125 (MCL 493.77). TIE BAR WITH: SB 0342'07, SB 0356'07
Latest Action: 05/27/2008 - Reported with recommendation with substitute h-1 Bill Text Financial institutions; mortgage brokers and lenders; coercing or inducing appraisers to inflate value of real property offered as collateral for secondary mortgage loan; prohibit. Amends sec. 27 of 1981 PA 125 (MCL 493.77). TIE BAR WITH: SB 0342'07, SB 0356'07 SB0290 - Financial institutions; mortgage brokers and lenders; licensing requirements for secondary mortgage companies; exempt certain employees and leased employees. Amends sec. 2 of 1981 PA 125 (MCL 493.52).
Latest Action: 07/18/2007 - Approved by governor 7/17/2007 @ 9:00 am Bill Text Financial institutions; mortgage brokers and lenders; licensing requirements for secondary mortgage companies; exempt certain employees and leased employees. Amends sec. 2 of 1981 PA 125 (MCL 493.52). HB5768 - Local government; other; municipalities and financial institutions working together to grant loans to private property owners to rehabilitate blighted property; allow. Amends sec. 3 of 1945 PA 344 (MCL 125.73).
Latest Action: 02/20/2008 - Printed bill filed 02/20/2008 Bill Text Local government; other; municipalities and financial institutions working together to grant loans to private property owners to rehabilitate blighted property; allow. Amends sec. 3 of 1945 PA 344 (MCL 125.73). HB5733 - Financial institutions; savings and loan associations; written disclosure of joint account policy; require. Amends 1980 PA 307 (MCL 491.102 - 491.1202) by adding sec. 629.
Latest Action: 03/11/2008 - Reported with recommendation with substitute h-1 Bill Text Financial institutions; savings and loan associations; written disclosure of joint account policy; require. Amends 1980 PA 307 (MCL 491.102 - 491.1202) by adding sec. 629. HB5732 - Financial institutions; banks; written disclosure of joint account policy; require. Amends 1999 PA 276 (MCL 487.11101 - 487.15105) by adding sec. 4103b.
Latest Action: 03/11/2008 - Reported with recommendation with substitute h-1 Bill Text Financial institutions; banks; written disclosure of joint account policy; require. Amends 1999 PA 276 (MCL 487.11101 - 487.15105) by adding sec. 4103b. HB5731 - Financial institutions; credit unions; written disclosure of joint account policy; require. Amends 1968 PA 41 (MCL 490.51 - 490.65) by adding sec. 14b.
Latest Action: 03/11/2008 - Reported with recommendation with substitute h-1 Bill Text Financial institutions; credit unions; written disclosure of joint account policy; require. Amends 1968 PA 41 (MCL 490.51 - 490.65) by adding sec. 14b. HB5730 - Financial institutions; savings banks; written disclosure of joint account policy; require. Amends 1996 PA 354 (MCL 487.3101 - 487.3804) by adding sec. 435.
Latest Action: 05/01/2008 - Read a second time Bill Text Financial institutions; savings banks; written disclosure of joint account policy; require. Amends 1996 PA 354 (MCL 487.3101 - 487.3804) by adding sec. 435. HB5728 - Human services; other; reporting requirements for financial professionals and employees of financial institutions of financial exploitation; require. Amends sec. 11 of 1939 PA 280 (MCL 400.11).
Latest Action: 06/05/2008 - Referred to committee on banking and financial institutions Bill Text Human services; other; reporting requirements for financial professionals and employees of financial institutions of financial exploitation; require. Amends sec. 11 of 1939 PA 280 (MCL 400.11). HB5637 - Financial institutions; generally; Utah industrial loan corporations; prohibit operation as out-of-state banks. Amends secs. 1201, 1202 & 3711 of 1999 PA 276 (MCL 487.11201 et seq.).
Latest Action: 01/22/2008 - Printed bill filed 01/18/2008 Bill Text Financial institutions; generally; Utah industrial loan corporations; prohibit operation as out-of-state banks. Amends secs. 1201, 1202 & 3711 of 1999 PA 276 (MCL 487.11201 et seq.). HB5408 - Business tax; other; levy and imposition of surcharge on certain businesses and various credit revisions to replace revenue from the repeal of use tax on certain services; provide for. Amends secs. 105, 111, 113, 201, 239, 265, 403, 405, 409, 413, 445, 447, 515 & 601 of 2007 PA 36 (MCL 208.1105 et seq.); adds ch. 2C & sec. 451; repeals secs. 353c, 353e & 353f of 1984 PA 431 (MCL 18.1353c et seq.) & repeals sec. 3d of 1937 PA 94 (MCL 205.93d).
Latest Action: 12/04/2007 - Presented to the governor 12/1/2007 @ 4:55 pm Bill Text Business tax; other; levy and imposition of surcharge on certain businesses and various credit revisions to replace revenue from the repeal of use tax on certain services; provide for. Amends secs. 105, 111, 113, 201, 239, 265, 403, 405, 409, 413, 445, 447, 515 & 601 of 2007 PA 36 (MCL 208.1105 et seq.); adds ch. 2C & sec. 451; repeals secs. 353c, 353e & 353f of 1984 PA 431 (MCL 18.1353c et seq.) & repeals sec. 3d of 1937 PA 94 (MCL 205.93d). HB5404 - Business tax; other; tax rate levied and imposed on financial institutions; revise. Amends sec. 263 of 2007 PA 36 (MCL 208.1263). TIE BAR WITH: HB 5401'07, HB 5402'07, HB 5403'07, HB 5405'07, HB 5406'07
Latest Action: 11/01/2007 - Printed bill filed 11/01/2007 Bill Text Business tax; other; tax rate levied and imposed on financial institutions; revise. Amends sec. 263 of 2007 PA 36 (MCL 208.1263). TIE BAR WITH: HB 5401'07, HB 5402'07, HB 5403'07, HB 5405'07, HB 5406'07 HB5400 - Business tax; other; revenue from Michigan business tax to cover repeal of use tax on certain services; increase by raising certain rates. Amends secs. 201, 203, 235, 263, 417 & 601 of 2007 PA 36 (MCL 208.1201 et seq.) & repeals sec. 6a of 1937 PA 94 (MCL 205.96a) & repeals secs. 353c, 353e & 353f of 1984 PA 431 (MCL 18.1353c et seq.).
Latest Action: 11/01/2007 - Printed bill filed 11/01/2007 Bill Text Business tax; other; revenue from Michigan business tax to cover repeal of use tax on certain services; increase by raising certain rates. Amends secs. 201, 203, 235, 263, 417 & 601 of 2007 PA 36 (MCL 208.1201 et seq.) & repeals sec. 6a of 1937 PA 94 (MCL 205.96a) & repeals secs. 353c, 353e & 353f of 1984 PA 431 (MCL 18.1353c et seq.). HB5376 - Consumer credit; other; Michigan homeownership preservation fund; create, and finance with civil fines. Amends title & sec. 10 of 2002 PA 660 (MCL 445.1640).
Latest Action: 10/29/2007 - Printed bill filed 10/29/2007 Bill Text Consumer credit; other; Michigan homeownership preservation fund; create, and finance with civil fines. Amends title & sec. 10 of 2002 PA 660 (MCL 445.1640). HB5310 - Consumer credit; other; home loan protection act; provide for enforcement in the Michigan consumer protection act. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: HB 5294'07, HB 5295'07, HB 5296'07, HB 5297'07, HB 5298'07, HB 5299'07, HB 5300'07, HB 5301'07, HB 5302'07, HB 5303'07
Latest Action: 10/16/2007 - Printed bill filed 10/11/2007 Bill Text Consumer credit; other; home loan protection act; provide for enforcement in the Michigan consumer protection act. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: HB 5294'07, HB 5295'07, HB 5296'07, HB 5297'07, HB 5298'07, HB 5299'07, HB 5300'07, HB 5301'07, HB 5302'07, HB 5303'07 HB5309 - Consumer credit; other; home loan protection act; require compliance by savings and loan associations. Amends 1980 PA 307 (MCL 491.102 - 491.1202) by adding sec. 737. TIE BAR WITH: HB 5294'07, HB 5295'07, HB 5296'07, HB 5297'07, HB 5298'07, HB 5299'07, HB 5300'07, HB 5301'07, HB 5302'07, HB 5303'07
Latest Action: 10/16/2007 - Printed bill filed 10/11/2007 Bill Text Consumer credit; other; home loan protection act; require compliance by savings and loan associations. Amends 1980 PA 307 (MCL 491.102 - 491.1202) by adding sec. 737. TIE BAR WITH: HB 5294'07, HB 5295'07, HB 5296'07, HB 5297'07, HB 5298'07, HB 5299'07, HB 5300'07, HB 5301'07, HB 5302'07, HB 5303'07 HB5308 - Financial institutions; mortgage brokers and lenders; home loan protection act; require compliance by mortgage brokers in secondary market and impose additional duties with respect to borrowers. Amends sec. 24 of 1981 PA 125 (MCL 493.74) & adds sec. 24a. TIE BAR WITH: HB 5294'07, HB 5295'07, HB 5296'07, HB 5297'07, HB 5298'07, HB 5299'07, HB 5300'07, HB 5301'07, HB 5302'07, HB 5303'07
Latest Action: 06/24/2008 - Referred to committee on banking and financial institutions Bill Text Financial institutions; mortgage brokers and lenders; home loan protection act; require compliance by mortgage brokers in secondary market and impose additional duties with respect to borrowers. Amends sec. 24 of 1981 PA 125 (MCL 493.74) & adds sec. 24a. TIE BAR WITH: HB 5294'07, HB 5295'07, HB 5296'07, HB 5297'07, HB 5298'07, HB 5299'07, HB 5300'07, HB 5301'07, HB 5302'07, HB 5303'07 HB5307 - Financial institutions; mortgage brokers and lenders; home loan protection act; require compliance and impose additional duties with respect to borrowers. Amends sec. 22 of 1987 PA 173 (MCL 445.1672) & adds sec. 24a. TIE BAR WITH: HB 5294'07, HB 5295'07, HB 5296'07, HB 5297'07, HB 5298'07, HB 5299'07, HB 5300'07, HB 5301'07, HB 5302'07, HB 5303'07
Latest Action: 06/24/2008 - Referred to committee on banking and financial institutions Bill Text Financial institutions; mortgage brokers and lenders; home loan protection act; require compliance and impose additional duties with respect to borrowers. Amends sec. 22 of 1987 PA 173 (MCL 445.1672) & adds sec. 24a. TIE BAR WITH: HB 5294'07, HB 5295'07, HB 5296'07, HB 5297'07, HB 5298'07, HB 5299'07, HB 5300'07, HB 5301'07, HB 5302'07, HB 5303'07 HB5306 - Consumer credit; other; home loan protection act; require compliance by state savings banks. Amends 1996 PA 354 (MCL 487.3101 - 487.3804) by adding sec. 435. TIE BAR WITH: HB 5294'07, HB 5295'07, HB 5296'07, HB 5297'07, HB 5298'07, HB 5299'07, HB 5300'07, HB 5301'07, HB 5302'07, HB 5303'07
Latest Action: 10/16/2007 - Printed bill filed 10/11/2007 Bill Text Consumer credit; other; home loan protection act; require compliance by state savings banks. Amends 1996 PA 354 (MCL 487.3101 - 487.3804) by adding sec. 435. TIE BAR WITH: HB 5294'07, HB 5295'07, HB 5296'07, HB 5297'07, HB 5298'07, HB 5299'07, HB 5300'07, HB 5301'07, HB 5302'07, HB 5303'07 HB5305 - Consumer credit; other; home loan protection act; require compliance by state banks. Amends 1999 PA 276 (MCL 487.11101 - 487.15105) by adding sec. 4206. TIE BAR WITH: HB 5294'07, HB 5295'07, HB 5296'07, HB 5297'07, HB 5298'07, HB 5299'07, HB 5300'07, HB 5301'07, HB 5302'07, HB 5303'07
Latest Action: 10/16/2007 - Printed bill filed 10/11/2007 Bill Text Consumer credit; other; home loan protection act; require compliance by state banks. Amends 1999 PA 276 (MCL 487.11101 - 487.15105) by adding sec. 4206. TIE BAR WITH: HB 5294'07, HB 5295'07, HB 5296'07, HB 5297'07, HB 5298'07, HB 5299'07, HB 5300'07, HB 5301'07, HB 5302'07, HB 5303'07 HB5304 - Consumer credit; other; home loan protection act; require compliance by domestic credit unions. Amends 2003 PA 215 (MCL 490.101 - 490.601) by adding sec. 425. TIE BAR WITH: HB 5294'07, HB 5295'07, HB 5296'07, HB 5297'07, HB 5298'07, HB 5299'07, HB 5300'07, HB 5301'07, HB 5302'07, HB 5303'07
Latest Action: 10/16/2007 - Printed bill filed 10/11/2007 Bill Text Consumer credit; other; home loan protection act; require compliance by domestic credit unions. Amends 2003 PA 215 (MCL 490.101 - 490.601) by adding sec. 425. TIE BAR WITH: HB 5294'07, HB 5295'07, HB 5296'07, HB 5297'07, HB 5298'07, HB 5299'07, HB 5300'07, HB 5301'07, HB 5302'07, HB 5303'07 HB5291 - Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; revise provisions applicable to investigations by OFIS. Amends sec. 14 of 1987 PA 173 (MCL 445.1664). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, SB 0826'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07
Latest Action: 04/08/2008 - Approved by the governor 4/2/2008 @ 2:13 pm Bill Text Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; revise provisions applicable to investigations by OFIS. Amends sec. 14 of 1987 PA 173 (MCL 445.1664). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, SB 0826'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 HB5290 - Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; clarify authority of OFIS commissioner and revise administrative process concerning revocation or suspension of registration. Amends secs. 11 & 12 of 1987 PA 173 (MCL 445.1661 & 445.1662). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07
Latest Action: 04/08/2008 - Approved by the governor 4/2/2008 @ 2:11 pm Bill Text Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; clarify authority of OFIS commissioner and revise administrative process concerning revocation or suspension of registration. Amends secs. 11 & 12 of 1987 PA 173 (MCL 445.1661 & 445.1662). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 HB5289 - Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; require certain notices to OFIS. Amends 1987 PA 173 (MCL 445.1651 - 445.1684) by adding sec. 2c. TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07
Latest Action: 04/08/2008 - Approved by the governor 4/2/2008 @ 2:09 pm Bill Text Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; require certain notices to OFIS. Amends 1987 PA 173 (MCL 445.1651 - 445.1684) by adding sec. 2c. TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 HB5288 - Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; establish registration application process. Amends 1987 PA 173 (MCL 445.1651 - 445.1684) by adding sec. 2a. TIE BAR WITH: HB 5287'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07
Latest Action: 04/08/2008 - Approved by the governor 4/2/2008 @ 2:07 pm Bill Text Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; establish registration application process. Amends 1987 PA 173 (MCL 445.1651 - 445.1684) by adding sec. 2a. TIE BAR WITH: HB 5287'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 HB5287 - Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; revise compensation provisions. Amends sec. 2 of 1987 PA 173 (MCL 445.1652). TIE BAR WITH: HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07
Latest Action: 04/08/2008 - Approved by the governor 4/2/2008 @ 2:05 pm Bill Text Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; revise compensation provisions. Amends sec. 2 of 1987 PA 173 (MCL 445.1652). TIE BAR WITH: HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 HB5272 - Consumer credit; predatory lending; regulation of certain predatory lending practices by municipalities; allow. Repeals secs. 14 & 15 of 2002 PA 660 (MCL 445.1644 & 445.1645).
Latest Action: 09/29/2007 - Printed bill filed 09/29/2007 Bill Text Consumer credit; predatory lending; regulation of certain predatory lending practices by municipalities; allow. Repeals secs. 14 & 15 of 2002 PA 660 (MCL 445.1644 & 445.1645). HB5050 - Family law; friend of the court; bank accounts of self-employed child support payers; require payers to disclose and allow friend of court to obtain information regarding. Amends sec. 5a of 1982 PA 295 (MCL 552.605a) & adds sec. 27a.
Latest Action: 07/25/2007 - Printed bill filed 07/25/2007 Bill Text Family law; friend of the court; bank accounts of self-employed child support payers; require payers to disclose and allow friend of court to obtain information regarding. Amends sec. 5a of 1982 PA 295 (MCL 552.605a) & adds sec. 27a. HB5020 - Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in mortgage brokers, lenders, and servicers licensing act. Amends secs. 1a & 29 of 1987 PA 173 (MCL 445.1651a & 445.1679). TIE BAR WITH: HB 5008'07
Latest Action: 05/01/2008 - Referred to committee on banking and financial institutions Bill Text Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in mortgage brokers, lenders, and servicers licensing act. Amends secs. 1a & 29 of 1987 PA 173 (MCL 445.1651a & 445.1679). TIE BAR WITH: HB 5008'07 HB4911 - Consumer credit; interest rates; cap on credit card and mortgage interest by certain lenders; establish at 15%. Amends sec. 4 of 1995 PA 162 (MCL 445.1854).
Latest Action: 06/13/2007 - Printed bill filed 06/13/2007 Bill Text Consumer credit; interest rates; cap on credit card and mortgage interest by certain lenders; establish at 15%. Amends sec. 4 of 1995 PA 162 (MCL 445.1854). HB4596 - Financial institutions; mortgage brokers and lenders; fees, application dates, and license or registration expiration dates; revise, and establish MBLSLA fund. Amends secs. 6, 7, 8 & 25 of 1987 PA 173 (MCL 445.1656 et seq.).
Latest Action: 04/08/2008 - Approved by the governor 4/2/2008 @ 2:31 pm Bill Text Financial institutions; mortgage brokers and lenders; fees, application dates, and license or registration expiration dates; revise, and establish MBLSLA fund. Amends secs. 6, 7, 8 & 25 of 1987 PA 173 (MCL 445.1656 et seq.). HB4411 - Consumer protection; unfair trade practices; residential mortgage fraud; prohibit. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: HB 4409'07
Latest Action: 03/07/2007 - Printed bill filed 03/07/2007 Bill Text Consumer protection; unfair trade practices; residential mortgage fraud; prohibit. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: HB 4409'07 HB4409 - Financial institutions; generally; residential mortgage fraud; prohibit. Amends 1931 PA 328 (MCL 750.1 - 750.568) by adding sec. 219d.
Latest Action: 03/07/2007 - Printed bill filed 03/07/2007 Bill Text Financial institutions; generally; residential mortgage fraud; prohibit. Amends 1931 PA 328 (MCL 750.1 - 750.568) by adding sec. 219d. HB4083 - Financial institutions; mortgage brokers and lenders; coercing or inducing appraisers to inflate value of real property offered as collateral for secondary mortgage loan; prohibit. Amends sec. 27 of 1981 PA 125 (MCL 493.77).
Latest Action: 01/23/2007 - Printed bill filed 01/23/2007 Bill Text Financial institutions; mortgage brokers and lenders; coercing or inducing appraisers to inflate value of real property offered as collateral for secondary mortgage loan; prohibit. Amends sec. 27 of 1981 PA 125 (MCL 493.77). HB4055 - Financial institutions; mortgage brokers and lenders; coercing or inducing appraisers to inflate value of mortgaged property; prohibit. Amends sec. 29 of 1987 PA 173 (MCL 445.1679).
Latest Action: 01/23/2007 - Printed bill filed 01/23/2007 Bill Text Financial institutions; mortgage brokers and lenders; coercing or inducing appraisers to inflate value of mortgaged property; prohibit. Amends sec. 29 of 1987 PA 173 (MCL 445.1679). |
 Bill Categories in Michigan
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