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Michigan Legislature
Michigan Compiled Laws Complete Through PA 118 of 2017
House: Adjourned until Tuesday, September 26, 2017 1:30:00 PM
Senate: Adjourned until Tuesday, September 26, 2017 10:00:00 AM

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Committees:  BANKING AND FINANCIAL INSTITUTIONS (9/22/2017)
Sorted by: SequenceNo
Bill/Resolution
Referred Date
CommitteeSponsorSubjectMeetingsStatus
HB 4580 of 2017
Referred 6/6/2017
Banking and Financial Institutions
Farrington, DianaHousing; housing development authority; refinancing option; allow. Amends sec. 44 of 1966 PA 346 (MCL 125.1444).9/12/2017
REPORTED FAVORABLY WITHOUT AMENDMENT on 9/12/2017
SB 0238 of 2017
Referred 3/14/2017
Banking and Financial Institutions
Booher, DarwinConsumer credit; lending practices; authority to pay referral fees under regulatory loan act; clarify. Amends sec. 12 of 1939 PA 21 (MCL 493.12).3/28/2017
REPORTED FAVORABLY WITHOUT AMENDMENT on 3/28/2017
SB 0284 of 2017
Referred 3/29/2017
Banking and Financial Institutions
Jones, RickProperty; recording; statement of marital status in instruments conveying or mortgaging real estate; remove requirement. Amends sec. 1 of 1915 PA 79 (MCL 565.221).
SB 0345 of 2017
Referred 5/2/2017
Banking and Financial Institutions
Jones, RickOccupations; securities; financial advisors to report suspected cases of financial abuse of elderly or other vulernable adults; require certain record keeping and posting of information. Amends 2008 PA 551 (MCL 451.2101 - 451.2703) by adding art. 5A. TIE BAR WITH: SB 0346'17
SB 0346 of 2017
Referred 5/2/2017
Banking and Financial Institutions
Ananich, JimOccupations; securities; financial advisors to report suspected cases of financial abuse of elderly or other vulnerable adults; require. Amends title of 2008 PA 551 (MCL 451.2101 - 451.2703) & adds art. 5A. TIE BAR WITH: SB 0345'17
SB 0430 of 2017
Referred 6/6/2017
Banking and Financial Institutions
Gregory, VincentFinancial institutions; other; definition of financial licensing acts in consumer financial services act; revise. Amends sec. 2 of 1988 PA 161 (MCL 487.2052). TIE BAR WITH: SB 0431'17
SB 0431 of 2017
Referred 6/6/2017
Banking and Financial Institutions
Gregory, VincentFinancial institutions; small loan companies; licensing of certain small loan providers; require. Creates new act. TIE BAR WITH: SB 0432'17
SB 0432 of 2017
Referred 6/6/2017
Banking and Financial Institutions
Robertson, DavidFinancial institutions; payday lending; general revisions; provide for. Amends secs. 2, 11, 22, 31, 32, 33 & 35 of 2005 PA 244 (MCL 487.2122 et seq.). TIE BAR WITH: SB 0431'17
SB 0465 of 2017
Referred 6/15/2017
Banking and Financial Institutions
Booher, DarwinLiens; construction; architects, engineers, and surveyors; allow to have a lien on recording a notice, without an actual physical improvement. Amends secs. 104, 106, 108, 108a, 109, 112 & 119 of 1980 PA 497 (MCL 570.1104 et seq.) & adds secs. 107a & 107b & repeals sec. 301 of 1980 PA 497 (MCL 570.1301).
SB 0516 of 2017
Referred 9/6/2017
Banking and Financial Institutions
Schmidt, WayneCivil procedure; execution; foreclosure of mortgages and land contracts of agricultural property and collection of agricultural debts; provide opportunity for mediation. Amends secs. 3204, 4001, 4011, 5726, 5728 & 6001 of 1961 PA 236 (MCL 600.3204 et seq.) & adds secs. 3104 & 4010. TIE BAR WITH: SB 0517'17
SB 0517 of 2017
Referred 9/6/2017
Banking and Financial Institutions
Schmidt, WayneCivil procedure; alternate dispute resolution; agricultural mediation program; establish for certain qualified persons. Creates new act. TIE BAR WITH: SB 0516'17, SB 0518'17
SB 0518 of 2017
Referred 9/6/2017
Banking and Financial Institutions
Schmidt, WayneCommercial code; secured transactions; enforcement of security interest in agricultural property; provide opportunity for mediation. Amends sec. 9601 of 1962 PA 174 (MCL 440.9601). TIE BAR WITH: SB 0517'17
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