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2016 House Bill 5251: Permit bank loan raffles

Public Act 152 of 2016

Introduced by Rep. Brandt Iden R-Oshtemo Township on January 26, 2016
To allow banks to hold loan promotion raffles, which would not be considered a violation of the state‚Äôs illegal gambling laws.   Official Text and Analysis.
Referred to the House Financial Services Committee on January 26, 2016
Received in the Senate on February 11, 2016
Referred to the Senate Banking and Financial Institutions Committee on February 11, 2016
Reported in the Senate on May 4, 2016
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Received in the House on May 18, 2016
Signed by Gov. Rick Snyder on June 8, 2016

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