2007 House Bill 5272

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Introduced by Rep. Shanelle Jackson (D) on September 28, 2007, Authorize sub-prime loan regulation by local governments to give local governments the same authority the state has to regulate sub-prime home loans. The state law was adopted in 2002.
- Referred to the House Banking and Financial Services Committee on September 28, 2007.

Most Recent Comments

1) Clerk [by Anonymous Citizen on October 4, 2007]
Why on earth would townships want to be involved in regulating the sub-prime rate; that seems to be way above thier scope of responsibility.
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2) Why On Earth [by Anonymous Citizen on October 4, 2007]
do we need to "give local governments the same authority the state has"
on anything. These guys can't cut money out of the budget but come up with this crap?
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3) Yes we certainly need more regulation [by Anonymous Citizen on October 4, 2007]
With all the talk about taxes I think we need to remember that over regulation is killing Michigan as much if not more than the high taxes. If I could sell my business I would.
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