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2009-2010
Financial Institutions

2010 Senate Bill 1525 / Public Act 356

Establish new mortgage fraud provisions and penalties

Introduced by Sen. Randy Richardville (R-17) on Sept. 28, 2010
Passed 38 to 0 in the Senate on Nov. 10, 2010
Passed 92 to 3 in the House on Dec. 15, 2010
Signed by Gov. Jennifer Granholm on Dec. 22, 2010

2009 House Bill 5193

Authorize financial exploitation of a vulnerable adult penalties

Introduced by Rep. Sarah Roberts (D-24) on July 14, 2009
Passed 86 to 18 in the House on June 17, 2010

2009 House Bill 5187

Require reporting of financial exploitation of incapacitated adult

Introduced by Rep. Andy Neumann (D-106) on July 14, 2009
Passed 89 to 15 in the House on June 17, 2010

2009 House Bill 4992 / Public Act 232

Regulate auto "guaranteed asset protection waivers”

Introduced by Rep. Tim Melton (D-29) on May 26, 2009
Passed 106 to 1 in the House on Oct. 7, 2009
Passed 36 to 0 in the Senate on Dec. 17, 2009
Signed by Gov. Jennifer Granholm on Dec. 31, 2009

2009 House Bill 4991 / Public Act 231

Regulate auto "guaranteed asset protection waivers”

Introduced by Rep. Bert Johnson (D-5) on May 26, 2009
Passed 106 to 1 in the House on Oct. 7, 2009
Passed 35 to 0 in the Senate on Dec. 17, 2009
Signed by Gov. Jennifer Granholm on Dec. 31, 2009

2009 House Bill 4990 / Public Act 230

Regulate auto "guaranteed asset protection waivers”

Introduced by Rep. Bert Johnson (D-5) on May 26, 2009
Passed 106 to 1 in the House on Oct. 7, 2009
Passed 35 to 0 in the Senate on Dec. 17, 2009
Signed by Gov. Jennifer Granholm on Dec. 31, 2009

2009 House Bill 4989 / Public Act 229

Regulate auto "guaranteed asset protection waivers”

Introduced by Rep. Tory Rocca (R-30) on May 26, 2009
Passed 106 to 1 in the House on Oct. 7, 2009
Passed 36 to 0 in the Senate on Dec. 17, 2009
Signed by Gov. Jennifer Granholm on Dec. 31, 2009

2009 Senate Bill 583 / Public Act 179

Allow community colleges to put money in CDs

Introduced by Sen. Tony Stamas (R-36) on May 19, 2009
Passed 37 to 0 in the Senate on June 9, 2009
Passed 101 to 0 in the House on Nov. 12, 2009
Signed by Gov. Jennifer Granholm on Dec. 15, 2009

2009 Senate Bill 465 / Public Act 78

Comply with federal mortgage loan officer licensure mandate

Introduced by Sen. Alan Sanborn (R-11) on April 23, 2009
Passed 36 to 0 in the Senate on June 24, 2009
Passed 105 to 1 in the House on July 15, 2009
Signed by Gov. Jennifer Granholm on July 29, 2009

2009 Senate Bill 464 / Public Act 77

Comply with federal mortgage loan officer licensure mandate

Introduced by Sen. Dennis Olshove (D-9) on April 23, 2009
Passed 36 to 0 in the Senate on June 24, 2009
Passed 105 to 1 in the House on July 15, 2009
Signed by Gov. Jennifer Granholm on July 29, 2009

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