Introduced
by
To revise the law that prohibits a register of deeds from determining the amount necessary for a home loan borrower to redeem a foreclosed property during. The bill would reverse this (but only in Oakland, Macomb and Kent Counties), and allow the register of deeds to charge up to $50 for this.
Referred to the Committee on Intergovernmental, Urban, and Regional Affairs
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Amendment offered
by
To allow a register of deeds to only provide the calculation for a person entitled to redeem the foreclosed property.
The amendment passed by voice vote
Amendment offered
by
To require the purchaser of a foreclosed property to accept the redemption amount calculated by the register of deeds.
The amendment passed by voice vote
Passed in the House 73 to 28 (details)
Referred to the Committee on Banking and Financial Institutions
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The substitute passed by voice vote
Passed in the Senate 33 to 0 (details)
To revise the law that prohibits a register of deeds from determining the amount necessary for a home loan borrower to redeem a foreclosed property during. The bill would reverse this (but only in Oakland, Macomb and Kent Counties), and allow the register of deeds to charge up to $50 for this.
Passed in the House 65 to 29 (details)
To concur with the Senate-passed version of the bill.
