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Financial Institutions

2007 House Bill 5289 / 2008 Public Act 61

Impose new subprime mortgage regulations

Introduced by Rep. Ed Clemente (D-14) on Oct. 11, 2007
Passed 108 to 0 in the House on Feb. 13, 2008
Passed 38 to 0 in the Senate on Feb. 27, 2008
Passed 107 to 0 in the House on March 20, 2008
Signed by Gov. Jennifer Granholm on April 2, 2008

2007 House Bill 5288 / 2008 Public Act 60

Impose new subprime mortgage regulations

Introduced by Rep. Andy Coulouris (D-95) on Oct. 11, 2007
Passed 108 to 0 in the House on Feb. 13, 2008
Passed 108 to 0 in the House on Feb. 13, 2008
Passed 38 to 0 in the Senate on Feb. 27, 2008
Passed 108 to 0 in the House on March 19, 2008
Passed 37 to 0 in the Senate on March 20, 2008
Signed by Gov. Jennifer Granholm on April 2, 2008

2007 House Bill 5287 / 2008 Public Act 59

Impose new subprime mortgage regulations

Introduced by Rep. Shanelle Jackson (D-9) on Oct. 11, 2007
Passed 108 to 0 in the House on Feb. 13, 2008
Passed 38 to 0 in the Senate on Feb. 27, 2008
Passed 108 to 0 in the House on March 19, 2008
Signed by Gov. Jennifer Granholm on April 2, 2008

2007 House Bill 4596 / 2008 Public Act 72

Expand mortgage loan officer licensure

Introduced by Rep. Shanelle Jackson (D-9) on April 12, 2007
Passed 108 to 0 in the House on Feb. 13, 2008
Passed 38 to 0 in the Senate on Feb. 27, 2008
Passed 108 to 0 in the House on March 19, 2008
Signed by Gov. Jennifer Granholm on April 2, 2008

2008 House Bill 5768

Allow joint government/bank blight loans

Introduced by Rep. Coleman Young II (D-4) on Feb. 19, 2008

2008 House Bill 5733

Require joint bank account customer disclosures

Introduced by Rep. Robert Dean (D-75) on Feb. 13, 2008

2008 House Bill 5732

Require joint bank account customer disclosures

Introduced by Rep. Mary Valentine (D-91) on Feb. 13, 2008

2008 House Bill 5731

Require joint bank account customer disclosures

Introduced by Rep. Marc Corriveau (D-20) on Feb. 13, 2008

2008 Senate Bill 1067

Prohibit mortgage loan “flipping”

Introduced by Sen. Tupac Hunter (D-5) on Jan. 30, 2008

2008 Senate Bill 1022

Require encryption of certain financial data

Introduced by Sen. Randy Richardville (R-17) on Jan. 22, 2008

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