2007 House Bill 5376: Authorize mortgage downpayment and foreclosure subsidies

Legislation watch

Comments on this legislation Post new comment Text and Analysis Add to Watch List
Previous Next

Introduced by Rep. Bettie Scott (D) on October 26, 2007, to create a new state fund to provide subsidies to “low income individuals seeking to avoid foreclosure” on home loans, subsidies for downpayments to people seeking mortgages, and various other purposes. The bill would earmark for the fund certain fines on lenders for violation of a http://www.michiganvotes.org/2002-HB-6121"subprime mortgage regulation law passed in 2002.
- Referred to the House Banking and Financial Services Committee on October 26, 2007.

Most Recent Comments

Add Comment

1) Stop Irresponsible Spending by Anonymous Citizen on November 5, 2007
Michigan legislators should call for a moratorium on new spending bills. It's time they learned that when you find yourself in a hole that you can't get out of, the first thing you do is STOP DIGGING!
Reply

Line

2) Excuse Me? by Anonymous Citizen on November 5, 2007
The state is on a near bankruptcy path and you want another give away program? What are you doing to solve the states problems? Zip! Nada! Nothing!
Reply

Line

3) 2007 House Bill 5376 (Authorize mortgage downpayment and foreclosure subsidies ) by admin on January 1, 2001
Introduced in the House on October 26, 2007

Click here to view bill details.
Reply

Line

View Full Conversation