2013 House Bill 4766 / Public Act 106

Revise foreclosure restrictions

Introduced in the House

May 23, 2013

Introduced by Rep. Mike Callton (R-87)

To extend to “mortgage servicers” including small servicers certain specified federal policies and procedures for foreclosure proceedings begun after January 9, 2014.

Referred to the Committee on Financial Services

June 13, 2013

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

Substitute offered

To adopt the substitute that does not contain the original provisions but instead uses the bill as a "vehicle" for another purpose - see House-passed version for details.

The substitute passed by voice vote

Amendment offered by Rep. Rashida Tlaib (D-6)

To eliminate the "tie bar" that requires Senate Bill 383 to become law for this one to. SB 383 would clarify the right of a mortgage foreclosure auction property buyer to monitor the property during the post-auction redemption period.

The amendment failed by voice vote

Amendment offered by Rep. Mike Callton (R-87)

To clarify that the revised provisions of the bill also apply to a successor to an institution involved in the referenced lawsuit settlement; see House-passed bill for details.

The amendment passed by voice vote

Passed in the House 99 to 8 (details)

To allow a mortgage borrower from an institution that was a defendant that entered into a consent judgment in United States of America, et al. v Bank of America Corp., et al, to request a face to face meeting with the lender to attempt to work out a modification to avoid foreclosure, and delay foreclosure until after the meeting.

Received in the Senate

June 18, 2013

Referred to the Committee of the Whole

June 19, 2013

Amendment offered by Sen. Virgil Smith (D-4)

To eliminate the "tie bar" that requires several related bills to become law for this one to.

The amendment failed 12 to 26 (details)

Passed in the Senate 35 to 3 (details)

To allow a mortgage borrower from an institution that was a defendant that entered into a consent judgment in United States of America, et al. v Bank of America Corp., et al, to request a face to face meeting with the lender to attempt to work out a modification to avoid foreclosure, and delay foreclosure until after the meeting.

Signed by Gov. Rick Snyder

July 3, 2013