2009 Senate Bill 929

Impose new regulations on mortgage lenders

Introduced in the Senate

Oct. 21, 2009

Introduced by Sen. Gretchen Whitmer (D-23)

To require banks to post on their website the conditions on which they will “adjust” a mortgage or arrange a “work-out” for a borrower who is subject to foreclosure.

Referred to the Committee on Banking and Financial Institutions