MI HB5367

Amends MCL 750.219e and 750.219f regarding fraudulent loan applications and forwarding of credit instruments in the Michigan Penal Code

Changes grammatical references from "who" to "that" throughout both sections and updates citation terminology from "credit reporting bureau" to "credit reporting agency"

Updates the Motor Vehicle Sales Finance Act citation from MCL 492.101 to 492.141 to MCL 492.101 to 492.137a in the definition of "financial institution"

Removes reference to "Office of Thrift Management" from the list of federal regulatory agencies that oversee financial institutions, retaining only the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Federal Reserve

Bill is contingent on enactment of Senate Bill No. ____ or House Bill No. 5354 of the 102nd Legislature