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MI HB6186
Bill
Status
9/21/2022
Primary Sponsor
Ann Bollin
Click for details
AI Summary
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Limits commissioner authority to authorize or order financial institution office closures due to emergencies to the period through December 31, 2022.
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Allows financial institutions to close on days designated by presidential or gubernatorial proclamation as occasions for national mourning, rejoicing, or other special observance.
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Permits chief executive officers or designated officers of financial institutions to order office closures during emergencies when the commissioner has not made a determination.
Legislative Description
Financial institutions: banks; authority to close certain banks and savings and loan association definitions; modify. Amends secs. 2 & 3 of 1978 PA 232 (MCL 487.942 & 487.943).
Financial institutions: banks
Last Action
Referred To Committee On Oversight
9/27/2022