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Legislators with BillsLegislators(200)
Referred Bills (174)
A resolution to urge the United States Congress to enact legislation preventing federal regulators from sanctioning depository institutions for providing financial services to legitimate marijuana-related businesses in states where marijuana has been legalized.
Insurance: life; gift limit for life insurance producers; modify. Amends sec. 2024a of 1956 PA 218 (MCL 500.2024a).
Property tax: assessments; true cash value of certain nonprofit housing property; clarify method to determine. Amends sec. 27 of 1893 PA 206 (MCL 211.27).
Property: personal; determining the period of vesting for future interests; modify. Amends secs. 2, 3 & 4 of 2008 PA 148 (MCL 554.92 et seq.).
Law: uniform or model acts; uniform fraudulent transfer act; update to coincide with qualified dispositions in trust act. Amends secs. 1, 4, 5 & 10 of 1998 PA 434 (MCL 566.31 et seq.).
State agencies (proposed): boards and commissions; the blockchain and cryptocurrency commission; establish. Creates new act.
Occupations: securities; notification and temporary hold on certain account disbursements for the protection of certain adults by broker-dealers and investment advisors; allow. Amends title of 2008 PA 551 (MCL 451.2101 - 451.2703) & adds art. 5A.
Trade: data security; an affirmative defense for covered entities with cybersecurity programs under certain circumstances; provide for. Amends title of 2004 PA 452 (MCL 445.61 - 445.79d) & adds sec. 12c.
Housing: housing development authority; note and bond purchase for cancellation; modify. Amends sec. 30 of 1966 PA 346 (MCL 125.1430).
Housing: housing development authority; restrictions on resident member voting rights; remove. Amends sec. 21 of 1966 PA 346 (MCL 125.1421). TIE BAR WITH: HB 5096'21
Housing: housing development authority; sales price limit of the average purchase price; modify. Amends sec. 44 of 1966 PA 346 (MCL 125.1444).
Commercial code: secured transactions; references to certain forms and statements; update. Amends secs. 9520, 9521 & 9525 of 1962 PA 174 (MCL 440.9520 et seq.).
A resolution to urge the United States Congress to oppose unnecessary and harmful changes to Internal Revenue Service reporting requirements for Michigan’s financial institutions.
A resolution to declare October 2021 as Cryptocurrency Education Month in the state of Michigan.
Civil rights: open meetings; Michigan state housing development authority board meetings; allow to be conducted electronically. Amends sec. 3a of 1976 PA 267 (MCL 15.263a).
Financial institutions: credit cards; notice of insufficient funds and lack of payment; require to be deemed as evidence of intent. Amends sec. 157w of 1931 PA 328 (MCL 750.157w).
Financial institutions: payday lending; legislative report requirement concerning deferred presentment service providers and transactions; revise. Amends sec. 51 of 2005 PA 244 (MCL 487.2171).
Housing: housing development authority; Michigan state housing development authority board meetings; allow to be conducted electronically. Amends sec. 21 of 1966 PA 346 (MCL 125.1421).
Financial institutions: payday lending; notices related to and requirements for deferred presentment service transactions; modify. Amends secs. 22, 31, 32, 33, 34 & 40 of 2005 PA 244 (MCL 487.2142 et seq.).
A resolution to urge the U.S. Congress, the U.S. Securities and Exchange Commission, and other federal financial regulators to investigate the management of hedge funds, insider trading, market manipulation, the exploitation of customer data, and methods of stock market trading.
Trade: data security; data breach notification act; enact. Creates new act. TIE BAR WITH: HB 4186'19
Trade: data security; enactment of data breach notification act; make conforming changes to identity theft protection act. Amends sec. 4 of 2004 PA 452 (MCL 445.64). TIE BAR WITH: HB 4187'19
Occupations: appraisers; appraisal management company requirements; modify. Amends secs. 2661, 2663, 2665, 2667, 2671, 2673 & 2677 of 1980 PA 299 (MCL 339.2661 et seq.) & adds sec. 2670.
Financial institutions: other; office of the student loan ombudsman; create. Creates new act.
A resolution to memorialize the United States Department of the Treasury to use its rulemaking authority to exempt Coronavirus Aid, Relief, and Economic Security (CARES) Act stimulus payments from garnishment by creditors and debt collectors.
A resolution to memorialize the United States Department of the Treasury to use its rulemaking authority to exempt Coronavirus Aid, Relief, and Economic Security (CARES) Act stimulus payments from private debt collection by banks.
State financing and management; bonds; limitation on the aggregate cap on outstanding bonds; increase. Amends sec. 32 of 1966 PA 346 (MCL 125.1432).
Financial institutions: credit cards; credit card arrangements act; modify definitions and update title. Amends title & sec. 1 of 1984 PA 379 (MCL 493.101).
Occupations; securities; notification of suspected cases of financial exploitation of certain adults by broker-dealers and investment advisors; allow. Amends title of 2008 PA 551 (MCL 451.2101 - 451.2703) & adds art. 5A.
Retirement: state employees; annuity option; provide for. Amends sec. 58 of 1943 PA 240 (MCL 38.58). TIE BAR WITH: HB 4274'19
Retirement: public school employees; annuity option; expand. Amends sec. 127 of 1980 PA 300 (MCL 38.1427). TIE BAR WITH: HB 4275'19
Financial institutions; loan officers; definition and use of the term "licensed loan officer" under the mortgage brokers, lenders, and servicers licensing act; modify. Amends secs. 1a & 2 of 1987 PA 173 (MCL 445.1651a & 445.1652). TIE BAR WITH: HB 5084'19
Financial institutions; loan officers; definition and use of the term "licensed secondary mortgage loan officer" in secondary mortgage loan act; modify. Amends secs. 1 & 2 of 1981 PA 125 (MCL 493.51 & 493.52). TIE BAR WITH: HB 5084'19
Crimes; animals; crimes involving dog fighting; include other thing of value in prohibition on profiting from dog fights. Amends sec. 49 of 1931 PA 328 (MCL 750.49).
Crimes; embezzlement; crimes involving embezzlement; include cryptocurrency in definitions in embezzlement section in penal code. Amends sec. 174 of 1931 PA 328 (MCL 750.174).
Crimes; credit cards; crimes involving credit cards; include cryptocurrency and distributed ledger technology in definition section of credit chapter in penal code. Amends sec. 157m of 1931 PA 328 (MCL 750.157m).
Crimes; organized; crimes involving racketeering; include money, property, or any other thing of value in description of financial gain from racketeering. Amends sec. 159g of 1931 PA 328 (MCL 750.159g).
Crimes; definitions; definition of cryptocurrency in money laundering definition section of penal code; provide for. Amends sec. 411j of 1931 PA 328 (MCL 750.411j).
Crimes; forgery; crimes involving forgery and counterfeiting; include altering a record by use of distributed ledger technology. Amends sec. 248 of 1931 PA 328 (MCL 750.248).
Financial institutions: loan officers; mortgage loan originator licensing grace period during certain changes in occupational circumstances; provide for. Amends secs. 3 & 5 of 2009 PA 75 (MCL 493.133 & 493.135) & adds secs. 5a, 5b & 5c.
Property: mortgages; fee assessed by foreclosure sale purchasers to calculate redemption amount; provide cap. Amends sec. 3240 of 1961 PA 236 (MCL 600.3240).
Housing; housing development authority; requirement of United States citizenship or permanent resident status for loan eligibility under the state housing development authority act of 1966; provide for. Amends 1966 PA 346 (MCL 125.1401 - 125.1499c) by adding sec. 44h.
A resolution to urge the U.S. Congress to enact legislation preventing federal regulators from sanctioning depository institutions for providing financial services to legitimate marijuana-related businesses in states where marijuana has been legalized.
Financial institutions: payday lending; deferred presentment service transactions that charge service fees greater than an annual rate of 36%; prohibit. Amends secs. 33 & 40 of 2005 PA 244 (MCL 487.2153 & 487.2160).
Labor; fair employment practices; use of credit history in the hiring process; prohibit. Creates new act.
Consumer protection; other; enactment of data breach notification act; make conforming changes to identity theft protection act. Amends title & sec. 3 of 2004 PA 452 (MCL 445.63) & repeals secs. 12, 12a & 12b of 2004 PA 452 (MCL 445.72 et seq.).
Financial institutions; money transmitters; exemption from requirements of money transmission services act for certain gift cards and other stored value devices; clarify. Amends secs. 2, 3 & 4 of 2006 PA 250 (MCL 487.1002 et seq.).
Financial institutions; credit cards; credit card arrangements act; modify definitions and update title. Amends title & sec. 1 of 1984 PA 379 (MCL 493.101).
A resolution to declare December 16-22, 2018, as Children’s Savings Account Awareness Week in the state of Michigan.
Consumer protection; other; data breach notification act; enact. Creates new act. TIE BAR WITH: HB 6406'18
Occupations; notaries public; electronic notarization of documents; clarify. Amends secs. 3, 5, 7, 15, 26b & 27 of 2003 PA 238 (MCL 55.263 et seq.) & adds secs. 26 & 26a. TIE BAR WITH: SB 0996'18, SB 0996'18, SB 0997'18, SB 0997'18, SB 0998'18, SB 0998'18
Property; recording; requirements for recording electronic documents; modify. Amends secs. 4 & 5 of 2010 PA 123 (MCL 565.844 & 565.845). TIE BAR WITH: SB 0664'17, SB 0664'17, SB 0996'18, SB 0996'18, SB 0997'18, SB 0997'18, SB 0998'18, SB 0998'18
Civil procedure; evidence; authentication process for notarial acts performed outside of this state; revise. Amends sec. 2102 of 1961 PA 236 (MCL 600.2102). TIE BAR WITH: SB 0664'17, SB 0996'18, SB 0998'18
Occupations; notaries public; recognition of notarial acts performed outside of this state; authorize in state notary statute. Amends title & secs. 1 & 11 of 2003 PA 238 (MCL 55.261 & 55.271) & adds sec. 25a. TIE BAR WITH: SB 0664'17, SB 0997'18, SB 0998'18
Law; uniform or model acts; uniform recognition of acknowledgments act; repeal. Repeals 1969 PA 57 (MCL 565.261 - 565.270). TIE BAR WITH: SB 0664'17, SB 0996'18, SB 0997'18
Liens; construction; architects, engineers, and surveyors; allow to have a lien on recording a notice, without an actual physical improvement. Amends secs. 104, 106, 108, 108a, 109, 112 & 119 of 1980 PA 497 (MCL 570.1104 et seq.) & adds secs. 107a & 107b & repeals sec. 301 of 1980 PA 497 (MCL 570.1301).
Vehicles; abandoned; recovery procedures for abandoned vehicles; modify. Amends secs. 252a, 252f & 252g of 1949 PA 300 (MCL 257.252a et seq.).
Financial institutions; generally; investment reports to municipal clients; require. Amends 1943 PA 20 (MCL 129.91 - 129.97a) by adding sec. 6a.
Financial institutions; payday lending; deferred presentment service transactions that charge service fees greater than an annual rate of 36%; prohibit. Amends secs. 33 & 40 of 2005 PA 244 (MCL 487.2153 & 487.2160).
Occupations; notaries public; remote performance of notarial acts; authorize. Amends secs. 15, 25 & 27 of 2003 PA 238 (MCL 55.275 et seq.) & adds secs. 26b & 54.
Consumer protection; unfair trade practices; veterans; prohibit pension poaching. Amends sec. 3 of 1976 PA 331 (MCL 445.903) & adds sec. 3k.
Property; mortgages; fee assessed by foreclosure sale purchasers to calculate redemption amount; provide cap. Amends sec. 3240 of 1961 PA 236 (MCL 600.3240).
Crimes; forgery; provision related to sworn certificates made evidence; modify. Amends sec. 257 of 1931 PA 328 (MCL 750.257).
Financial institutions; credit unions; authority of credit union service organization to provide investment-related services; revise. Amends sec. 407 of 2003 PA 215 (MCL 490.407).
Consumer credit; credit reports and reporting agencies; free security freeze for consumers; provide for. Amends title & secs. 11, 14, 17, 21, 23 & 31 of 2013 PA 229 (MCL 445.2521 et seq.).
A concurrent resolution to urge the United States Congress to repeal the rule on payday and certain other loans submitted by the Consumer Financial Protection Bureau.
Financial institutions; payday lending; legislative report requirement concerning deferred presentment service providers and transactions; revise. Amends sec. 51 of 2005 PA 244 (MCL 487.2171).
Property; land contracts; land contract terms and conditions; prohibit certain terms, and prohibit certain mortgages by vendors. Amends title & secs. 1 & 6 of 1879 PA 237 (MCL 565.351 & 565.356) & adds secs. 1a, 1b & 4a.
Property; land contracts; land contract forfeiture; require recording of land contract certificate for certain residential premises. Amends sec. 5728 of 1961 PA 236 (MCL 600.5728). TIE BAR WITH: HB 5365'17
Property; land contracts; land contract certificates; provide for the recording of. Amends sec. 4 of 1879 PA 237 (MCL 565.354). TIE BAR WITH: HB 5363'17
Property; mortgages; transfer of title on foreclosure; make subject to prior land contract if land contract certificate was recorded. Amends secs. 3130 & 3236 of 1961 PA 236 (MCL 600.3130 & 600.3236). TIE BAR WITH: HB 5365'17
Occupations; collection practices; engagement of staff attorneys by licensed debt collection agencies; allow. Amends sec. 915a of 1980 PA 299 (339.915a).
Consumer protection; unfair trade practices; disclosure requirement for certain veterans' benefit services; establish. Amends sec. 3 of 1976 PA 331 (MCL 445.903) & adds sec. 3l.
Consumer credit; lending practices; authority to pay referral fees under regulatory loan act; clarify. Amends sec. 12 of 1939 PA 21 (MCL 493.12).
Housing; housing development authority; refinancing option; allow. Amends sec. 44 of 1966 PA 346 (MCL 125.1444).
Consumer credit; credit reports and reporting agencies; requests for security freeze in connection with a security breach of a database maintained by a consumer reporting agency; prohibit assessment of fees. Amends sec. 31 of 2013 PA 229 (MCL 445.2541).
Property; recording; marital status in instruments conveying or mortgaging real estate; modify. Amends sec. 1 of 1915 PA 79 (MCL 565.221).
Consumer credit; collection practices; unlicensed debt collectors; prohibit certain acts. Amends sec. 2 of 1981 PA 70 (MCL 445.252).
Occupations; collection practices; licensed debt collectors; prohibit certain acts. Amends sec. 915 of 1980 PA 299 (MCL 339.915).
Occupations; securities; Occupations; securities; financial advisors to report suspected cases of financial abuse of elderly or other vulnerable adults; require certain record keeping and posting of information. Amends 2008 PA 551 (MCL 451.2101 - 451.2703) by adding art. 5A. TIE BAR WITH: HB 4589'17
Occupations; securities; financial advisors to report suspected cases of financial abuse of elderly or other vulnerable adults; require. Amends title of 2008 PA 551 (MCL 451.2101 - 451.2703) & adds art. 5A. TIE BAR WITH: HB 4588'17
Property; recording; statement of marital status in instruments conveying or mortgaging real estate; remove requirement. Amends sec. 1 of 1915 PA 79 (MCL 565.221).
Consumer protection; unfair trade practices; certain prepaid discount cards or programs; regulate as gift cards. Amends sec. 3e of 1976 PA 331 (MCL 445.903e).
Trade; fair trade practices; issuance of gift certificates and gift cards; prohibit expiration dates. Amends sec. 3g of 1976 PA 331 (MCL 445.903g).
Labor; fair employment practices; use of credit history in the hiring process; prohibit. Creates new act.
Consumer credit; credit reports and reporting agencies; free credit freeze for active duty military personnel; provide for. Amends sec. 31 of 2013 PA 229 (MCL 445.2541).
Financial institutions; money transmitters; posting of fees for money orders and other money transmission services; require. Amends 2006 PA 250 (MCL 487.1001 - 487.1047) by adding sec. 35.
Health; funding; children with special needs fund; expand investment options. Amends secs. 5861 & 5863 of 1978 PA 368 (MCL 333.5861 & 333.5863).
Financial institutions; other; bank deposit accounts of state money; require to deposit in state-owned bank. Amends secs. 1 & 2 of 1861 PA 111 (MCL 21.181 & 21.182). TIE BAR WITH: HB 5833'16
Corporate income tax; financial institutions; certain foreign corporations, tax base, and unitary filing provisions; revise. Amends secs. 651, 655 & 657 of 1967 PA 281 (MCL 206.651 et seq.).
Financial institutions; credit cards; credit card arrangements act; modify definition of credit card or charge card. Amends sec. 1 of 1984 PA 379 (MCL 493.101).
Financial institutions; money transmitters; parity for depository financial institutions under the money transmission services act; establish. Amends sec. 4 of 2006 PA 250 (MCL 487.1004).
Corporate income tax; financial institutions; tax base; revise. Amends sec. 655 of 1967 PA 281 (MCL 206.655). TIE BAR WITH: SB 0234'15
Crimes; gambling; loan promotion raffles by credit unions and banks; exclude from gambling and lottery crimes. Amends secs. 315a & 376a of 1931 PA 328 (MCL 750.315a & 750.376a).
Labor; employment incentives; lifelong learning account program; create. Creates new act.
Financial institutions; other; state surplus funds; authorize loans to eligible municipalities by state-owned bank. Amends sec. 1 of 1855 PA 105 (MCL 21.141). TIE BAR WITH: HB 5833'16, HB 5834'16
Financial institutions; other; constitutional limitation on deposits of state money in financial institutions; exclude deposits in community bank of Michigan. Amends sec. 20, art. IX of the state constitution.
Financial institutions; other; state-owned bank; create. Creates new act.
Financial institutions; other; investments of surplus funds in the state-owned bank; require. Amends title & sec. 7 of 1855 PA 105 (MCL 21.147) & adds sec. 3a. TIE BAR WITH: HB 5833'16
Individual income tax; credit; retirement savings contributions credit; provide for. Amends 1967 PA 281 (MCL 206.1 - 206.713) by adding sec. 273. TIE BAR WITH: HB 5776'16
Retirement; other; retirement program for certain nonpublic employees to participate in a benefit plan; create, and provide oversight. Creates new act.
Financial institutions; banks; fees and examinations of state banks in banking code of 1999; revise, and establish state bank regulatory fund. Amends title & secs. 1202, 1203, 2202, 2203, 2308, 4108 & 4304 of 1999 PA 276 (MCL 487.11202 et seq.). TIE BAR WITH: SB 0749'16, SB 0750'16
Crimes; gambling; loan promotion raffles by state banks; exclude from gambling and lottery crimes. Amends secs. 315a & 376a of 1931 PA 328 (MCL 750.315a & 750.376a).
Financial institutions; banks; general definitions in banking code of 1999; revise. Amends sec. 1201 of 1999 PA 276 (MCL 487.11201). TIE BAR WITH: SB 0748'16, SB 0750'16
Financial institutions; banks; permissible investments by state banks; revise. Amends sec. 4301 of 1999 PA 276 (MCL 487.14301). TIE BAR WITH: SB 0748'16, SB 0749'16
Consumer credit; collection practices; applicability of collection practices statute to repossession and certain other collection activities; modify. Amends sec. 1 of 1981 PA 70 (MCL 445.251).
Occupations; collection practices; applicability of collection practices provisions of occupational code to repossession and certain other collection practices; modify. Amends sec. 901 of 1980 PA 299 (MCL 339.901).
Financial institutions; banks; loan promotion raffles; authorize for state banks. Amends sec. 4111 of 1999 PA 276 (MCL 487.14111). TIE BAR WITH: SB 0752'16
Financial institutions; credit unions; administration and operation of credit unions; make certain revisions to credit union act. Amends secs. 201, 210, 221, 303, 306 & 341 of 2003 PA 215 (MCL 490.201 et seq.). TIE BAR WITH: HB 5017'15, HB 5019'15, HB 5020'15, HB 5021'15, HB 5022'15
Financial institutions; credit unions; loan promotion raffles; authorize. Amends sec. 411 of 2003 PA 215 (MCL 490.411). TIE BAR WITH: HB 5017'15, HB 5018'15, HB 5019'15, HB 5020'15, HB 5021'15
Financial institutions; credit unions; authority to organize or invest in credit union service organizations that provide trust services and other services; revise. Amends sec. 407 of 2003 PA 215 (MCL 490.407). TIE BAR WITH: HB 5017'15, HB 5018'15, HB 5020'15, HB 5021'15, HB 5022'15
Financial institutions; credit unions; examinations by department of insurance and financial services; revise requirements and provide for confidentiality of certain documents. Amends sec. 207 of 2003 PA 215 (MCL 490.207). TIE BAR WITH: HB 5017'15, HB 5018'15, HB 5019'15, HB 5021'15, HB 5022'15
Financial institutions; credit unions; credit union act; make general amendments. Amends title & secs. 102, 103, 202, 214, 304, 305, 342, 345, 353, 355, 357, 401, 408, 409, 423, 431 & 432 of 2003 PA 215 (MCL 490.102 et seq.). TIE BAR WITH: HB 5018'15, HB 5019'15, HB 5020'15, HB 5021'15, HB 5022'15
Financial institutions; credit unions; credit union act; revise provisions relating to mergers. Amends sec. 371 of 2003 PA 215 (MCL 490.371). TIE BAR WITH: HB 5017'15, HB 5018'15, HB 5019'15, HB 5020'15, HB 5022'15
Financial institutions; payday lending; deferred presentment service transactions act; revise definitions. Amends sec. 2 of 2005 PA 244 (MCL 487.2122). TIE BAR WITH: SB 0719'16
Financial institutions; payday lending; satisfaction of deferred presentment transactions; authorize use of debit cards and certain telephone-initiated transactions. Amends sec. 35 of 2005 PA 244 (MCL 487.2155). TIE BAR WITH: SB 0607'15
Children; foster care; fostering futures scholarship trust fund; expand investment options. Amends sec. 3 of 2008 PA 525 (MCL 722.1023).
Consumer credit; predatory lending; mortgage borrowers' bill of rights; modify to refer to federal home loan publications. Amends secs. 2, 6 & 13 of 2002 PA 660 (MCL 445.1632 et seq.) & repeals sec. 7 of 2002 PA 660 (MCL 445.1637).
Financial institutions; banks; conduct of loan promotion raffles; allow. Amends sec. 4111 of 1999 PA 276 (MCL 487.14111). TIE BAR WITH: SB 0752'16
Consumer credit; credit reports and reporting agencies; free credit freeze for active-duty military personnel; provide for. Amends sec. 31 of 2013 PA 229 (MCL 445.2541).
Financial institutions; banks; procedure for the disclosure of nonpublic financial information to unaffiliated third parties; revise. Amends 1999 PA 276 (MCL 487.11101 - 487.15105) by adding secs. 3914, 3915 & 3916.
Financial institutions; credit unions; procedure for the disclosure of nonpublic financial information to unaffiliated third parties; revise. Amends 2003 PA 215 (MCL 490.101 - 490.601) by adding secs. 388, 389 & 390.
Financial institutions; savings banks; disclosure of nonpublic financial information to unaffiliated third parties; regulate. Amends 1996 PA 354 (MCL 487.3101 - 487.3804) by adding secs. 515, 516 & 517.
State financing and management; funds; Michigan investment program; create. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 88s.
Individual income tax; other; Michigan achieving a better life experience (ABLE) program; create. Creates new act. TIE BAR WITH: HB 4543'15, HB 4544'15, SB 0360'15
Individual income tax; deductions; contributions to the ABLE savings program; provide for. Amends sec. 30 of 1967 PA 281 (MCL 206.30). TIE BAR WITH: HB 4542'15, HB 4544'15, SB 0360'15
Human services; services or financial assistance; financial eligibility for certain assistance programs; prohibit state from considering amount in ABLE savings accounts. Amends 1939 PA 280 (MCL 400.1 - 400.119b) by adding sec. 10g. TIE BAR WITH: HB 4542'15, HB 4543'15, SB 0360'15
A resolution to memorialize the Congress of the United States to enact legislation that allows the refinancing of student loans.
Individual income tax; other; cap on Michigan education savings accounts; increase. Amends sec. 10 of 2000 PA 161 (MCL 390.1480). TIE BAR WITH: HB 4542'15, HB 4543'15, HB 4544'15
Occupations; business licensing and registration; statewide database of transactions by secondhand dealers, precious metal and gem dealers, and pawnbrokers; require participation by precious metal and gem dealers. Amends secs. 3, 4 & 8 of 1981 PA 95 (MCL 445.483 et seq.) & adds sec. 4a. TIE BAR WITH: HB 4267'15, HB 4268'15
Occupations; junk and secondhand dealers; statewide database of transactions by secondhand dealers, precious metal and gem dealers, and pawnbrokers; require participation. Amends secs. 2, 3, 4 & 5 of 1917 PA 350 (MCL 445.402 et seq.) & adds sec. 4a. TIE BAR WITH: HB 4266'15, HB 4268'15
Occupations; pawnbrokers; statewide electronic database of transactions by pawnbrokers, secondhand dealers, and precious metal and gem dealers; establish, require participation, and make general revisions to licensing statute. Amends title & secs. 1, 2, 3, 5 & 6 of 1917 PA 273 (MCL 446.201 et seq.). TIE BAR WITH: HB 4266'15, HB 4267'15
Financial institutions; money transmitters; posting of fees and rates for money orders and other money transmission services; require. Amends 2006 PA 250 (MCL 487.1001 - 487.1047) by adding sec. 35.
Financial institutions; loan officers; certain servicer loss mitigation staff; exempt from licensure. Amends sec. 5 of 2009 PA 75 (MCL 493.135).
Civil procedure; foreclosure; eligibility for right to redeem property; require interest to be recorded. Amends sec. 3140 of 1961 PA 236 (MCL 600.3140).
Civil procedure; foreclosure; property inspections during redemption period; correct procedural requirement. Amends secs. 3238 & 3241a of 1961 PA 236 (MCL 600.3238 & 600.3241a).
Consumer credit; debt management; debt management act; make general revisions. Amends title & secs. 2, 4, 5, 6, 8, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20 & 26 of 1975 PA 148 (MCL 451.412 et seq.) & adds sec. 8a.
Financial institutions; banks; savings promotion raffles by state banks; allow. Amends 1999 PA 276 (MCL 487.11101 - 487.15105) by adding sec. 4111.
Crimes; gambling; exclusion of savings promotion raffles by state banks from gambling and lottery crimes; clarify. Amends secs. 315a & 376a of 1931 PA 328 (MCL 750.315a & 750.376a). TIE BAR WITH: HB 5412'14
Occupations; pawnbrokers; title loans; revise monthly interest and usage fee provisions. Amends secs. 8 & 9 of 1917 PA 273 (MCL 446.208 & 446.209).
A resolution to urge the Congress of the United States to direct the Comptroller General to complete a full audit of the Board of Governors of the Federal Reserve System and the federal reserve banks.
Retirement; investments; investment fiduciary of certain retirement systems investing in small business; increase cap on percentage of retirement system assets. Amends sec. 20a of 1965 PA 314 (MCL 38.1140a).
Financial institutions; mortgage brokers and lenders; requiring a mortgage escrow account for property taxes; prohibit for mortgage of certain exempt property owned by disabled veterans. Amends sec. 22 of 1987 PA 173 (MCL 445.1672).
Occupations; business licensing and regulation; statewide database of transactions by precious metal and gem dealers; create, and require participation. Amends secs. 4 & 8 of 1981 PA 95 (MCL 445.484 & 445.488) & adds sec. 4a. TIE BAR WITH: HB 5836'14, HB 5837'14
Occupations; junk and secondhand dealers; statewide database of transactions; create, and require participation. Amends secs. 4, 5 & 8 of 1917 PA 350 (MCL 445.404 et seq.) & adds sec. 4a. TIE BAR WITH: HB 5835'14, HB 5837'14
Occupations; pawnbrokers; statewide electronic database of pawned items and certain other items of personal property; provide for, and make general revisions to licensing statute. Amends title & secs. 1, 2, 3, 5, 6 & 18 of 1917 PA 273 (MCL 446.201 et seq.). TIE BAR WITH: HB 5835'14, HB 5836'14
A resolution to urge the Congress of the United States to renew the charter for the U.S. Export-Import Bank and to amend the charter to ensure the bank cannot provide an export subsidy to a foreign company which would lead to a significant loss of U.S. jobs.
A resolution to memorialize the Congress of the United States to enact legislation that would prohibit credit inquiries from impacting credit scores.
Financial institutions; other; monthly account service fees for certain closed-end loans; allow for regulatory loan act licensees. Amends sec. 13 of 1939 PA 21 (MCL 493.13).
Financial institutions; loan officers; origination of mortgage loans on behalf of a depository institution or the loan officer's sponsor; allow. Amends sec. 5 of 2009 PA 75 (MCL 493.135).
Civil procedure; foreclosure; property inspections during redemption period; revise procedures for. Amends secs. 3204, 3240 & 3278 of 1961 PA 236 (MCL 600.3204 et seq.); adds secs. 3237 & 3238 & repeals secs. 3205, 3205e & 3206 of 1961 PA 236 (MCL 600.3205 et seq.).
Commercial code; bank deposits and collections; general revisions to article 4 of the uniform commercial code; provide for. Amends secs. 4104, 4207, 4208, 4212, 4301 & 4403 of 1962 PA 174 (MCL 440.4104 et seq.).
Commercial code; commercial paper; general revisions to article 3 of the uniform commercial code; provide for. Amends secs. 3103, 3106, 3116, 3119, 3305, 3309, 3312, 3416, 3417, 3419, 3602, 3604 & 3605 of 1962 PA 174 (MCL 440.3103 et seq.).
Commercial code; secured transactions; calculation of damages for violation of article 9 by secured party; revise, and extend rules in deficiency actions to consumer transactions. Amends secs. 9625 & 9626 of 1962 PA 174 (MCL 440.9625 & 440.9626).
Commercial code; commercial paper; references to uniform commercial code in uniform electronic transactions act; update. Amends sec. 16 of 2000 PA 305 (MCL 450.846). TIE BAR WITH: SB 0547'13
Commercial code; bank deposits and collections; application of article 4a to certain fund transfers; revise. Amends sec. 4A108 of 1962 PA 174 (MCL 440.4608).
A concurrent resolution to urge the Congress of the United States to repeal section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Consumer credit; credit reports and reporting agencies; security freeze on credit reports concerning other children and consumers; allow under certain circumstance. Creates new act.
A resolution to urge the Congress of the United States to repeal section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
A resolution to urge the Congress and the President of the United States to enact legislation that would reinstate the separation of commercial and investment banking functions in effect under the Glass-Steagall Act.
Commercial code; bank deposits and collections; application of article 4a of the uniform commercial code; revise. Amends sec. 4A108 of 1962 PA 174 (MCL 440.4608).
Financial institutions; banks; written disclosure of rights of account holders; require for joint accounts. Amends 1999 PA 276 (MCL 487.11101 - 487.15105) by adding sec. 4103a.
Financial institutions; savings banks; written disclosure of rights of account holders; require for joint accounts. Amends 1996 PA 354 (MCL 487.3101 - 487.3804) by adding sec. 435.
Financial institutions; credit unions; written disclosure of rights of account holders; require for joint accounts. Amends 1968 PA 41 (MCL 490.51 - 490.65) by adding sec. 14b.
Civil procedure; foreclosure; redemption period; terminate redemption rights if property is damaged. Amends sec. 3240 of 1961 PA 236 (MCL 600.3240). TIE BAR WITH: HB 4765'13, HB 4766'13, SB 0380'13
Civil procedure; foreclosure; mortgage modification program; revise. Amends sec. 3204 of 1961 PA 236 (MCL 600.3204). TIE BAR WITH: HB 4765'13, HB 4766'13, SB 0383'13
Civil procedure; foreclosure; mortgage modification program; extend sunset and phase out. Amends sec. 3205e of 1961 PA 236 (MCL 600.3205e). TIE BAR WITH: HB 4764'13, HB 4766'13, HB 4767'13
Civil procedure; foreclosure; mortgage modification; require certain mortgage servicing agents to personally meet with mortgagors. Amends 1961 PA 236 (MCL 600.101 - 600.9947) by adding sec. 3206. TIE BAR WITH: HB 4764'13, HB 4765'13, HB 4767'13
Civil procedure; foreclosure; federal loss mitigation procedures; require lenders to comply. Amends 1961 PA 236 (MCL 600.101 - 600.9947) by adding sec. 3206. TIE BAR WITH: HB 4764'13, HB 4765'13, HB 4767'13, SB 0380'13, SB 0381'13, SB 0383'13
Civil procedure; foreclosure; mortgage modification program; phase out and repeal. Amends sec. 3205e of 1961 PA 236 (MCL 600.3205e) & repeals secs. 3205a - 3205d of 1961 PA 236 (MCL 600.3205a et seq.). TIE BAR WITH: HB 4764'13, HB 4766'13, HB 4767'13, SB 0380'13, SB 0382'13, SB 0383'13
Civil procedure; foreclosure; judicial foreclosure; require for certain residential mortgages. Amends secs. 3201 & 3240 of 1961 PA 236 (MCL 600.3201 & 600.3240) & adds secs. 3117 & 3118.
Civil procedure; foreclosure; redemption period; shorten period for foreclosures in which federal loss mitigation procedures have been followed. Amends sec. 3240 of 1961 PA 236 (MCL 600.3240). TIE BAR WITH: HB 4764'13, HB 4765'13, HB 4766'13
Civil procedure; foreclosure; mortgage modification program; adopt federal loss mitigation program. Amends sec. 3204 of 1961 PA 236 (MCL 600.3204). TIE BAR WITH: HB 4765'13, HB 4766'13, HB 4767'13
Financial institutions; mortgage brokers and lenders; appointments to the mortgage industry advisory board; modify. Amends sec. 33 of 1987 PA 173 (MCL 445.1683).