2004 House Bill 5859 / Public Act 186

Revise mortgage foreclosure procedures

Introduced in the House

May 6, 2004

Introduced by Rep. Alexander Lipsey (D-60)

To revise technical details in the law that establishes procedures for the foreclosure by advertisement of mortgages that have been assigned from one mortgage holder to another.

Referred to the Committee on Commerce

May 13, 2004

Reported without amendment

With the recommendation that the substitute (H-3) be adopted and that the bill then pass.

May 19, 2004

Substitute offered

To replace the previous version of the bill with one containing technical changes that do not affect its substance as previously described.

The substitute passed by voice vote

Passed in the House 106 to 0 (details)

Received in the Senate

May 20, 2004

Referred to the Committee on Banking and Financial Institutions

June 1, 2004

Reported without amendment

With the recommendation that the bill pass.

June 9, 2004

Amendment offered

To clarify certain technical requirements in the bill.

The amendment passed by voice vote

June 10, 2004

Passed in the Senate 34 to 0 (details)

To revise technical details in the law that establishes procedures for the foreclosure by advertisement of mortgages that have been assigned from one mortgage holder to another.

Received in the House

June 10, 2004

June 17, 2004

Passed in the House 104 to 0 (details)

To concur with the Senate-passed version of the bill.

Signed by Gov. Jennifer Granholm

July 1, 2004