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Financial Institutions

2009 Senate Bill 379 / Public Act 12

Impose new registration requirements on consumer financial service companies

Introduced by Sen. Dennis Olshove (D-9) on March 12, 2009
Passed 37 to 0 in the Senate on March 19, 2009
Passed 109 to 1 in the House on March 31, 2009
Signed by Gov. Jennifer Granholm on April 9, 2009

2009 House Bill 4398

Allow local governments to put money in CDs

Introduced by Rep. Jeff Mayes (D-96) on Feb. 24, 2009
Passed 108 to 0 in the House on March 17, 2009

2009 Senate Bill 196

Let local governments invest in credit union CDs

Introduced by Sen. Tony Stamas (R-36) on Feb. 5, 2009
Passed 34 to 0 in the Senate on Feb. 17, 2009

2007 Senate Bill 356 / 2008 Public Act 529

Prohibit appraisers inflating appraisal for pay

Introduced by Sen. Randy Richardville (R-17) on March 15, 2007
Passed 38 to 0 in the Senate on May 2, 2007
Passed 107 to 1 in the House on Dec. 18, 2008
Passed 35 to 0 in the Senate on Dec. 19, 2008
Signed by Gov. Jennifer Granholm on Dec. 31, 2008

2007 Senate Bill 343 / 2008 Public Act 530

Prohibit appraisers inflating appraisal for pay

Introduced by Sen. John Pappageorge (R-13) on March 7, 2007
Passed 38 to 0 in the Senate on May 2, 2007
Passed 108 to 0 in the House on Dec. 18, 2008
Passed 36 to 0 in the Senate on Dec. 19, 2008
Signed by Gov. Jennifer Granholm on Dec. 31, 2008

2008 House Bill 6148 / Public Act 528

Prohibit appraisers inflating appraisal for pay

Introduced by Rep. Barbara Farrah (D-13) on May 21, 2008
Passed 108 to 0 in the House on Nov. 12, 2008
Passed 33 to 0 in the Senate on Dec. 19, 2008
Signed by Gov. Jennifer Granholm on Dec. 31, 2008

2008 House Bill 6618 / Public Act 323

Revise mortgage loan license penalties

Introduced by Rep. Virgil Smith (D-7) on Nov. 6, 2008
Passed 105 to 0 in the House on Nov. 13, 2008
Passed 37 to 0 in the Senate on Dec. 4, 2008
Passed 106 to 0 in the House on Dec. 9, 2008
Signed by Gov. Jennifer Granholm on Dec. 17, 2008

2008 House Bill 6562 / Public Act 324

Revise mortgage license law details

Introduced by Rep. Brian Calley (R-87) on Oct. 15, 2008
Passed 105 to 0 in the House on Nov. 13, 2008
Passed 37 to 0 in the Senate on Dec. 4, 2008
Passed 108 to 0 in the House on Dec. 9, 2008
Signed by Gov. Jennifer Granholm on Dec. 17, 2008

2008 Senate Bill 1552 / Public Act 325

Expand mortgage loan officer regulations

Introduced by Sen. Cameron Brown (R-16) on Nov. 5, 2008
Passed 35 to 0 in the Senate on Nov. 13, 2008
Passed 108 to 0 in the House on Dec. 3, 2008
Passed 35 to 0 in the Senate on Dec. 4, 2008
Signed by Gov. Jennifer Granholm on Dec. 17, 2008

2008 Senate Bill 1555 / Public Act 328

Expand mortgage loan officer regulations

Introduced by Sen. Jim Barcia (D-31) on Nov. 5, 2008
Passed 35 to 0 in the Senate on Nov. 13, 2008
Passed 108 to 0 in the House on Dec. 3, 2008
Signed by Gov. Jennifer Granholm on Dec. 17, 2008

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