2008 House Bill 6148 / Public Act 528

Prohibit appraisers inflating appraisal for pay

Introduced in the House

May 21, 2008

Introduced by Rep. Barbara Farrah (D-13)

To establish sentencing guidelines for the crime proposed by Senate Bills 342 and 356 of a mortgage broker coercing or inducing a real estate appraiser to inflate an appraisal developed in connection with a particular loan.

Referred to the Committee on Banking and Financial Services

May 27, 2008

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Nov. 12, 2008

Passed in the House 108 to 0 (details)

Received in the Senate

Nov. 13, 2008

Referred to the Committee on Banking and Financial Institutions

Dec. 4, 2008

Reported without amendment

With the recommendation that the bill pass.

Dec. 19, 2008

Passed in the Senate 33 to 0 (details)

To establish sentencing guidelines for the crime proposed by Senate Bills 342 and 356 of a mortgage broker coercing or inducing a real estate appraiser to inflate an appraisal developed in connection with a particular loan.

Signed by Gov. Jennifer Granholm

Dec. 31, 2008