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2007-2008
Financial Institutions

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

2008 Senate Bill 1554 / Public Act 327

Expand mortgage loan officer regulations

Introduced by Sen. Mark Jansen (R-28) on Nov. 5, 2008
Passed 35 to 0 in the Senate on Nov. 13, 2008
Passed 107 to 0 in the House on Dec. 3, 2008
Signed by Gov. Jennifer Granholm on Dec. 17, 2008

2008 Senate Bill 1553 / Public Act 326

Expand mortgage loan officer regulations

Introduced by Sen. Alan Sanborn (R-11) 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

2007 House Bill 5308

Impose new subprime mortgage regulations

Introduced by Rep. Mary Valentine (D-91) on Oct. 11, 2007
Passed 81 to 27 in the House on June 18, 2008

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