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MI HB4692
Bill
Status
3/25/2009
Primary Sponsor
Robert Jones
Click for details
AI Summary
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Amends the Credit Services Protection Act (1994 PA 160) to update statutory references related to the Uniform Securities Act.
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Replaces references to the 1964 Uniform Securities Act (1964 PA 265, MCL 451.501 to 451.818) with references to both the original act and the new Uniform Securities Act (2002) (2008 PA 551, MCL 451.2101 to 451.2703).
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Expands the exemption for investment advisers and broker-dealers under the credit services protection act to include those registered under either the original or new uniform securities acts.
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Updates various statutory citations throughout Section 2 of the act to reflect current Michigan Compiled Laws formatting and references.
Legislative Description
Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in credit services protection act. Amends sec. 2 of 1994 PA 160 (MCL 445.1822).
Consumer credit, other
Last Action
Referred To Committee On Banking And Financial Institutions
4/30/2009