2012 Senate Bill 1160 / Public Act 295

Authorize mortgage fraud restitution, plus other spending

Introduced in the Senate

May 31, 2012

Introduced by Sen. Tom Casperson (R-38)

To create a state fund to make restitution payments to victims of fraudulent mortgage foreclosure relief scams, but which would be explicitly allowed to also pay for a broad range of unrelated state government spending. This relates to money Michigan will receive in a national mortgage foreclosure lawsuit settlement.

Referred to the Committee on Banking and Financial Institutions

June 7, 2012

Amendment offered by Sen. Coleman Young (D-1)

To strip out a provision authorizing the use of some of the money for programs related to failed school districts under emergency manager governance, including Detroit's.

The amendment failed 11 to 26 (details)

Passed in the Senate 29 to 8 (details)

Received in the House

June 7, 2012

Referred to the Committee on Appropriations

July 18, 2012

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

Substitute offered

The substitute passed by voice vote

Amendment offered by Rep. Jim Ananich (D-49)

To allow the settlement money to be used to give extra money to police and fire departments in cities with high foreclosure rates.

The amendment failed by voice vote

Passed in the House 109 to 0 (details)

To create a state fund to make restitution payments to victims of fraudulent mortgage foreclosure relief scams, but which would be explicitly allowed to also pay for a broad range of unrelated state government spending. This relates to money Michigan will receive in a national mortgage foreclosure lawsuit settlement.

Received in the Senate

July 18, 2012

Passed in the Senate 36 to 1 (details)

Motion by Sen. Arlan Meekhof (R-30)

The bill be given immediate effect.

The motion passed 36 to 1 (details)

Signed by Gov. Rick Snyder

Aug. 1, 2012