2013 Senate Bill 381

Extend foreclosure restrictions sunset

Introduced in the Senate

May 22, 2013

Introduced by Sen. Mike Nofs (R-19)

To extend until June 30, 2014 the sunset on a <a href="http://www.michiganvotes.org/2009-HB-4453">2009 law</a> that forces mortgage lenders to attempt to negotiate revisions in the terms of delinquent loans before they can proceed to a “foreclosure by advertisement” (instead of the more costly judicial foreclosure process). This would be the second time this “temporary” law has been extended.

Referred to the Committee on Banking and Financial Institutions

May 28, 2013

Reported without amendment

With the recommendation that the bill pass.

June 11, 2013

Amendment offered by Sen. Darwin Booher (R-35)

To remove the "tie-bar" that requires some related bills to go into law before this one can.

The amendment passed by voice vote

Passed in the Senate 37 to 0 (details)

Received in the House

June 11, 2013

Referred to the Committee on Financial Services

June 3, 2014

Reported without amendment

With the recommendation that the resolution be adopted.