MI SB0658

Amends the Stille-DeRossett-Hale single state construction code act to update the definition of "financial institution" following the elimination of the Michigan Strategic Fund

Replaces the previous definition that referenced the Michigan Strategic Fund Act with a new standalone definition: state or nationally chartered banks, savings and loan associations, savings banks, or credit unions with federally insured deposits and a principal or branch office in Michigan

Maintains existing provisions allowing cities with administrative hearings bureaus to deny building permits, certificates of occupancy, or variances to applicants delinquent on civil fines

Preserves exemptions for properties acquired through foreclosure by government-sponsored enterprises, financial institutions, mortgage servicers, and credit union service organizations

Contingent on enactment of Senate Bill No. 631 of the 103rd Legislature (tie bar requirement)