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Michigan Legislature
Michigan Compiled Laws Complete Through PA 101 of 2020
House: Adjourned until Tuesday, July 21, 2020 1:30:00 PM
Senate: Adjourned until Wednesday, July 22, 2020 10:00:00 AM

Michigan Legislature

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  House Committees
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Committee Home Page: Financial Services
Chair: Diana Farrington
Clerk Phone: 5173730910
Click for a list of only bills that are currently in committee.

All bills ever referred to this committee.
PLEASE NOTE: Meeting dates reflect that bill was on agenda, but does not insure that it was taken up at that meeting.
HB 4102 of 2019 (PA 176 of 2019)Financial Services
Marino, SteveCrimes; animals; crimes involving dog fighting; include other thing of value in prohibition on profiting from dog fights. Amends sec. 49 of 1931 PA 328 (MCL 750.49).2019-03-13
HB 4103 of 2019 (PA 175 of 2019)Financial Services
Guerra, VanessaCrimes; credit cards; crimes involving credit cards; include cryptocurrency and distributed ledger technology in definition section of credit chapter in penal code. Amends sec. 157m of 1931 PA 328 (MCL 750.157m).2019-03-13
HB 4104 of 2019 (PA 174 of 2019)Financial Services
LaFave, BeauCrimes: organized; crimes involving racketeering; include money, property, or any other thing of value in description of financial gain from racketeering. Amends sec. 159g of 1931 PA 328 (MCL 750.159g).2019-03-13
HB 4105 of 2019 (PA 173 of 2019)Financial Services
Berman, RyanCrimes; embezzlement; crimes involving embezzlement; include cryptocurrency in definitions in embezzlement section in penal code. Amends sec. 174 of 1931 PA 328 (MCL 750.174).2019-03-13
HB 4106 of 2019 (PA 172 of 2019)Financial Services
Wittenberg, RobertCrimes; forgery; crimes involving forgery and counterfeiting; include altering a record by use of distributed ledger technology. Amends sec. 248 of 1931 PA 328 (MCL 750.248).2019-03-13
HB 4107 of 2019 (PA 171 of 2019)Financial Services
Farrington, DianaCrimes; definitions; definition of cryptocurrency in money laundering definition section of penal code; provide for. Amends sec. 411j of 1931 PA 328 (MCL 750.411j).2019-03-13
HB 4117 of 2019Financial Services
Anthony, SarahLabor; fair employment practices; use of credit history in the hiring process; prohibit. Creates new act.
HB 4186 of 2019Financial Services
Farrington, DianaTrade; data security; enactment of data breach notification act; make conforming changes to identity theft protection act. Amends sec. 4 of 2004 PA 452 (MCL 445.64). TIE BAR WITH: HB 4187'192019-02-20, 2019-03-13
HB 4187 of 2019Financial Services
Farrington, DianaTrade; data security; data breach notification act; enact. Creates new act. TIE BAR WITH: HB 4186'192019-02-20, 2019-03-13
HB 4226 of 2019 (PA 130 of 2019)Financial Services
Berman, RyanProperty; mortgages; fee assessed by foreclosure sale purchasers to calculate redemption amount; provide cap. Amends sec. 3240 of 1961 PA 236 (MCL 600.3240).2019-03-13
HB 4251 of 2019Financial Services
Sowerby, WilliamFinancial institutions; payday lending; deferred presentment service transactions that charge service fees greater than an annual rate of 36%; prohibit. Amends secs. 33 & 40 of 2005 PA 244 (MCL 487.2153 & 487.2160).2019-10-02
HB 4274 of 2019Financial Services
Marino, SteveRetirement: public school employees; annuity option; expand. Amends sec. 127 of 1980 PA 300 (MCL 38.1427). TIE BAR WITH: HB 4275'192019-05-08, 2019-06-12
HB 4275 of 2019Financial Services
Albert, ThomasRetirement; state employees; annuity option; provide for. Amends sec. 58 of 1943 PA 240 (MCL 38.58). TIE BAR WITH: HB 4274'192019-05-08, 2019-06-12
HB 4679 of 2019Financial Services
Reilly, JohnHousing; housing development authority; requirement of United States citizenship or permanent resident status for loan eligibility under the state housing development authority act of 1966; provide for. Amends 1966 PA 346 (MCL 125.1401 - 125.1499c) by adding sec. 44h.
HB 4908 of 2019 (PA 73 of 2020)Financial Services
Whitsett, KarenState financing and management; bonds; limitation on the aggregate cap on outstanding bonds; increase. Amends sec. 32 of 1966 PA 346 (MCL 125.1432).2019-10-02, 2019-10-16
HB 5084 of 2019 (PA 141 of 2019)Financial Services
Farrington, DianaFinancial institutions: loan officers; mortgage loan originator licensing grace period during certain changes in occupational circumstances; provide for. Amends secs. 3 & 5 of 2009 PA 75 (MCL 493.133 & 493.135) & adds secs. 5a, 5b & 5c.2019-10-16
HB 5131 of 2019Financial Services
Witwer, AngelaOccupations; securities; notification of suspected cases of financial exploitation of certain adults by broker-dealers and investment advisors; allow. Amends title of 2008 PA 551 (MCL 451.2101 - 451.2703) & adds art. 5A.2020-02-26, 2020-03-04
HB 5146 of 2019Financial Services
Farrington, DianaFinancial institutions; loan officers; definition and use of the term "licensed secondary mortgage loan officer" in secondary mortgage loan act; modify. Amends secs. 1 & 2 of 1981 PA 125 (MCL 493.51 & 493.52). TIE BAR WITH: HB 5084'192019-10-30
HB 5147 of 2019Financial Services
Gay-Dagnogo, SherryFinancial institutions; loan officers; definition and use of the term "licensed loan officer" under the mortgage brokers, lenders, and servicers licensing act; modify. Amends secs. 1a & 2 of 1987 PA 173 (MCL 445.1651a & 445.1652). TIE BAR WITH: HB 5084'192019-10-30
HB 5481 of 2020Financial Services
Farrington, DianaOccupations; appraisers; appraisal management company requirements; modify. Amends secs. 2661, 2663, 2665, 2667, 2673 & 2677 of 1980 PA 299 (MCL 339.2661 et seq.) & adds sec. 2670.2020-02-12, 2020-02-26, 2020-03-04
HR 0101 of 2019Financial Services
Rabhi, YousefA resolution to urge the U.S. Congress to enact legislation preventing federal regulators from sanctioning depository institutions for providing financial services to legitimate marijuana-related businesses in states where marijuana has been legalized.2019-05-22
SB 0415 of 2019 (PA 76 of 2020)Financial Services
Nesbitt, AricFinancial institutions: credit cards; credit card arrangements act; modify definitions and update title. Amends title & sec. 1 of 1984 PA 379 (MCL 493.101).2020-02-05, 2020-02-26

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