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Financial Institutions

2015 House Bill 5017 / 2016 Public Act 152

Revise credit union law

Introduced by Rep. Anthony Forlini (R-24) on Oct. 27, 2015
Passed 104 to 2 in the House on Dec. 9, 2015
Passed 37 to 0 in the Senate on May 18, 2016
Passed 109 to 0 in the House on May 31, 2016
Signed by Gov. Rick Snyder on June 8, 2016

2016 Senate Bill 719 / Public Act 141

Revise payday lenders repayment details

Introduced by Sen. Darwin Booher (R-35) on Jan. 26, 2016
Passed 37 to 0 in the Senate on Feb. 4, 2016
Passed 107 to 1 in the House on May 12, 2016
Signed by Gov. Rick Snyder on May 25, 2016

2015 Senate Bill 607 / 2016 Public Act 140

Revise payday lenders repayment details

Introduced by Sen. Darwin Booher (R-35) on Nov. 5, 2015
Passed 37 to 0 in the Senate on Feb. 4, 2016
Passed 107 to 1 in the House on May 12, 2016
Passed 37 to 0 in the Senate on May 17, 2016
Signed by Gov. Rick Snyder on May 25, 2016

2016 House Bill 5666

Revise bank tax details

Introduced by Rep. Anthony Forlini (R-24) on May 17, 2016

2016 Senate Bill 907

Impose licensure, fees, regulations on some student loan servicers

Introduced by Sen. Coleman Young II (D-1) on April 21, 2016

2016 Senate Bill 905

Create government “student loan ombudsman” bureau

Introduced by Sen. Rebekah Warren (D-18) on April 21, 2016

2016 House Bill 5585

Impose licensure, fees, regulations on some student loan servicers

Introduced by Rep. Winnie Brinks (D-76) on April 20, 2016

2016 House Bill 5583

Create government “student loan ombudsman” bureau

Introduced by Rep. Henry Yanez (D-25) on April 20, 2016

2015 Senate Bill 578 / 2016 Public Act 44

Revise home mortgage lender requirements

Introduced by Sen. Darwin Booher (R-35) on Oct. 22, 2015
Passed 38 to 0 in the Senate on Dec. 10, 2015
Passed 96 to 10 in the House on Feb. 23, 2016
Passed 93 to 13 in the House on Feb. 23, 2016
Passed 36 to 0 in the Senate on Feb. 24, 2016
Signed by Gov. Rick Snyder on March 15, 2016

2016 Senate Bill 751

Permit bank loan raffles

Introduced by Sen. Margaret O’Brien (R-20) on Feb. 4, 2016
Passed 37 to 0 in the Senate on March 9, 2016

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