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Financial Institutions

2005 House Bill 5497 / 2006 Public Act 109

Revise insurance agent continuing education mandate

Introduced by Rep. Joe Hune (R-47) on Dec. 13, 2005
Passed 106 to 0 in the House on Feb. 14, 2006
Passed 36 to 0 in the Senate on March 28, 2006
Signed by Gov. Jennifer Granholm on April 7, 2006

2005 House Bill 5353 / Public Act 319

Allow car loans to wrap in additional costs

Introduced by Rep. David Robertson (R-51) on Oct. 25, 2005
Passed 106 to 0 in the House on Dec. 1, 2005
Passed 38 to 0 in the Senate on Dec. 13, 2005
Passed 107 to 0 in the House on Dec. 13, 2005
Signed by Gov. Jennifer Granholm on Dec. 22, 2005

2005 House Bill 4834 / Public Act 244

License and regulate “payday lenders”

Introduced by Rep. Bill McConico (D-5) on May 26, 2005
Passed 99 to 7 in the House on June 29, 2005
Passed 31 to 6 in the Senate on Sept. 13, 2005
Failed 48 to 59 in the House on Sept. 13, 2005
Passed 98 to 6 in the House on Nov. 8, 2005
Passed 34 to 4 in the Senate on Nov. 9, 2005
Signed by Gov. Jennifer Granholm on Nov. 26, 2005

2005 House Bill 5000 / Public Act 195

Eliminate certain duplicate financial institution reports

Introduced by Rep. Kevin Green (R-77) on June 23, 2005
Passed 104 to 0 in the House on Sept. 7, 2005
Passed 36 to 0 in the Senate on Oct. 20, 2005
Signed by Gov. Jennifer Granholm on Nov. 5, 2005

2005 House Bill 4999 / Public Act 194

Eliminate certain duplicate financial institution reports

Introduced by Rep. Joe Hune (R-47) on June 23, 2005
Passed 104 to 0 in the House on Sept. 7, 2005
Passed 36 to 0 in the Senate on Oct. 20, 2005
Signed by Gov. Jennifer Granholm on Nov. 5, 2005

2005 House Bill 4998 / Public Act 193

Eliminate certain duplicate financial institution reports

Introduced by Rep. Ed Clemente (D-14) on June 23, 2005
Passed 105 to 0 in the House on Sept. 7, 2005
Passed 36 to 0 in the Senate on Oct. 20, 2005
Signed by Gov. Jennifer Granholm on Nov. 5, 2005

2005 House Bill 4997 / Public Act 192

Eliminate duplicate financial institution reports

Introduced by Rep. Tupac Hunter (D-9) on June 23, 2005
Passed 105 to 0 in the House on Sept. 7, 2005
Passed 36 to 0 in the Senate on Oct. 20, 2005
Signed by Gov. Jennifer Granholm on Nov. 5, 2005

2005 Senate Bill 540 / Public Act 113

Exempt leased employee from mortgage broker licensure

Introduced by Sen. Alan Sanborn (R-11) on May 26, 2005
Passed 35 to 0 in the Senate on June 30, 2005
Passed 107 to 0 in the House on Aug. 31, 2005
Signed by Gov. Jennifer Granholm on Sept. 21, 2005

2003 Senate Bill 851 / 2004 Public Act 534

Streamline electronic pay check procedures

Introduced by Sen. Jason Allen (R-37) on Dec. 2, 2003
Passed 36 to 0 in the Senate on June 30, 2004
Passed 102 to 3 in the House on Dec. 9, 2004
Passed 36 to 0 in the Senate on Dec. 9, 2004
Signed by Gov. Jennifer Granholm on Dec. 31, 2004

2004 House Bill 5833 / Public Act 586

Regulate collective investment funds

Introduced by Rep. Matt Milosch (R-55) on April 29, 2004
Passed 101 to 0 in the House on Sept. 29, 2004
Passed 36 to 0 in the Senate on Dec. 8, 2004
Passed 99 to 0 in the House on Dec. 9, 2004
Signed by Gov. Jennifer Granholm on Dec. 30, 2004

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