Search Results
Document Type(s): Bills
Legislative Session(s): 2007-2008
Detailed Category: Financial institutions: mortgage brokers and lenders
Legislative Session(s): 2007-2008
Detailed Category: Financial institutions: mortgage brokers and lenders
(34 results found)
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| Document | Type | Description |
|---|---|---|
| SB 0290 of 2007 (PA 0046 of 2007) |
Senate Bill |
Financial institutions; mortgage brokers and lenders; licensing requirements for secondary mortgage companies; exempt certain employees and leased employees. Amends sec. 2 of 1981 PA 125 (MCL 493.52). Last Action: ASSIGNED PA 0046'07 WITH IMMEDIATE EFFECT |
| SB 0343 of 2007 (PA 0530 of 2008) |
Senate Bill |
Financial institutions; mortgage brokers and lenders; coercing or inducing appraisers to inflate value of real property offered as collateral for secondary mortgage loan; prohibit loan origination without secondary loan officer registration. Amends sec. 27 of 1981 PA 125 (MCL 493.77). TIE BAR WITH: HB 4054'07, HB 6148'08, SB 0356'07 Last Action: ASSIGNED PA 0530'08 WITH IMMEDIATE EFFECT |
| SB 0356 of 2007 (PA 0529 of 2008) |
Senate Bill |
Financial institutions; mortgage brokers and lenders; coercing or inducing appraisers to inflate value of mortgaged property; prohibit. Amends sec. 29 of 1987 PA 173 (MCL 445.1679). TIE BAR WITH: HB 4054'07, HB 6148'08, SB 0343'07 Last Action: ASSIGNED PA 0529'08 WITH IMMEDIATE EFFECT |
| SB 0432 of 2007 | Senate Bill |
Criminal procedure; sentencing guidelines; violation of mortgage company act or secondary mortgage loan act; reflect reduction of penalty to misdemeanor. Amends secs. 14h & 14p, ch. XVII of 1927 PA 175 (MCL 777.14h & 777.14p). TIE BAR WITH: SB 0343'07, SB 0356'07 Last Action: referred to Committee on Banking and Financial Services |
| SB 0627 of 2007 | Senate Bill |
Human services; services or financial assistance; estate preservation residential mortgage assessment; establish, and exempt certain participants from Michigan medicaid estate recovery program. Amends title of 1977 PA 135 (MCL 445.1601 - 445.1614) & adds secs. 2b, 2c & 2d. Last Action: REFERRED TO COMMITTEE ON APPROPRIATIONS |
| SB 0826 of 2007 (PA 0064 of 2008) |
Senate Bill |
Financial institutions; mortgage brokers and lenders; regulation of and registration of mortgage loan officers; create mortgage industry advisory board. Amends sec. 33 of 1987 PA 173 (MCL 445.1683). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 Last Action: ASSIGNED PA 0064'08 WITH IMMEDIATE EFFECT |
| SB 0827 of 2007 (PA 0065 of 2008) |
Senate Bill |
Criminal procedure; sentencing guidelines; violation of mortgage company act or secondary mortgage loan act; reflect reduction of penalty to misdemeanor. Amends sec. 14h, ch. XVII of 1927 PA 175 (MCL 777.14h). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 Last Action: ASSIGNED PA 0065'08 WITH IMMEDIATE EFFECT |
| SB 0828 of 2007 (PA 0066 of 2008) |
Senate Bill |
Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; revise title and definition section of mortgage broker act. Amends title & sec. 1a of 1987 PA 173 (MCL 445.1651a). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 Last Action: ASSIGNED PA 0066'08 WITH IMMEDIATE EFFECT |
| SB 0829 of 2007 (PA 0067 of 2008) |
Senate Bill |
Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; establish registration renewal process. Amends 1987 PA 173 (MCL 445.1651 - 445.1684) by adding sec. 2b. TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 Last Action: ASSIGNED PA 0067'08 WITH IMMEDIATE EFFECT |
| SB 0830 of 2007 (PA 0068 of 2008) |
Senate Bill |
Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; establish fees and allocate fee revenue to MBLSLA fund. Amends sec. 8 of 1987 PA 173 (MCL 445.1658). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0831'07, SB 0832'07, SB 0833'07 Last Action: ASSIGNED PA 0068'08 WITH IMMEDIATE EFFECT |
| SB 0831 of 2007 (PA 0069 of 2008) |
Senate Bill |
Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; establish effect of surrender, revocation, or suspension of registration. Amends sec. 10 of 1987 PA 173 (MCL 445.1660). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0832'07, SB 0833'07 Last Action: ASSIGNED PA 0069'08 WITH IMMEDIATE EFFECT |
| SB 0832 of 2007 (PA 0070 of 2008) |
Senate Bill |
Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; prohibit certain activities by loan officers. Amends sec. 22a of 1987 PA 173 (MCL 445.1672a) & adds sec. 22b. TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0833'07 Last Action: ASSIGNED PA 0070'08 WITH IMMEDIATE EFFECT |
| SB 0833 of 2007 (PA 0071 of 2008) |
Senate Bill |
Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; prohibit acting without registration and establish penalties and remedies for violating act. Amends sec. 29 of 1987 PA 173 (MCL 445.1679). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07 Last Action: ASSIGNED PA 0071'08 WITH IMMEDIATE EFFECT |
| SB 0939 of 2007 (PA 0179 of 2007) |
Senate Bill |
Financial institutions; mortgage brokers and lenders; reference in the mortgage brokers, lenders, and servicers licensing act to single business tax; revise. Amends sec. 2 of 1987 PA 173 (MCL 445.1652). Last Action: ASSIGNED PA 0179'07 WITH IMMEDIATE EFFECT |
| HB 4055 of 2007 | House Bill |
Financial institutions; mortgage brokers and lenders; coercing or inducing appraisers to inflate value of mortgaged property; prohibit. Amends sec. 29 of 1987 PA 173 (MCL 445.1679). Last Action: printed bill filed 01/23/2007 |
| HB 4083 of 2007 | House Bill |
Financial institutions; mortgage brokers and lenders; coercing or inducing appraisers to inflate value of real property offered as collateral for secondary mortgage loan; prohibit. Amends sec. 27 of 1981 PA 125 (MCL 493.77). Last Action: printed bill filed 01/23/2007 |
| HB 4596 of 2007 (PA 72 of 2008) |
House Bill |
Financial institutions; mortgage brokers and lenders; fees, application dates, and license or registration expiration dates; revise, and establish MBLSLA fund. Amends secs. 6, 7, 8 & 25 of 1987 PA 173 (MCL 445.1656 et seq.). Last Action: assigned PA 72'08 with immediate effect |
| HB 5020 of 2007 | House Bill |
Trade; securities; adoption of new uniform securities act (2002); update uniform securities act references in mortgage brokers, lenders, and servicers licensing act. Amends secs. 1a & 29 of 1987 PA 173 (MCL 445.1651a & 445.1679). TIE BAR WITH: HB 5008'07 Last Action: REFERRED TO COMMITTEE ON BANKING AND FINANCIAL INSTITUTIONS |
| HB 5272 of 2007 | House Bill |
Consumer credit; predatory lending; regulation of certain predatory lending practices by municipalities; allow. Repeals secs. 14 & 15 of 2002 PA 660 (MCL 445.1644 & 445.1645). Last Action: printed bill filed 09/29/2007 |
| HB 5287 of 2007 (PA 59 of 2008) |
House Bill |
Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; revise compensation provisions. Amends sec. 2 of 1987 PA 173 (MCL 445.1652). TIE BAR WITH: HB 5288'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 Last Action: assigned PA 59'08 with immediate effect |
| HB 5288 of 2007 (PA 60 of 2008) |
House Bill |
Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; establish registration application process. Amends 1987 PA 173 (MCL 445.1651 - 445.1684) by adding sec. 2a. TIE BAR WITH: HB 5287'07, HB 5289'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 Last Action: assigned PA 60'08 with immediate effect |
| HB 5289 of 2007 (PA 61 of 2008) |
House Bill |
Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; require certain notices to OFIS. Amends 1987 PA 173 (MCL 445.1651 - 445.1684) by adding sec. 2c. TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5290'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 Last Action: assigned PA 61'08 with immediate effect |
| HB 5290 of 2007 (PA 62 of 2008) |
House Bill |
Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; clarify authority of OFIS commissioner and revise administrative process concerning revocation or suspension of registration. Amends secs. 11 & 12 of 1987 PA 173 (MCL 445.1661 & 445.1662). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5291'07, SB 0826'07, SB 0827'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 Last Action: assigned PA 62'08 with immediate effect |
| HB 5291 of 2007 (PA 63 of 2008) |
House Bill |
Financial institutions; mortgage brokers and lenders; regulation and registration of mortgage loan officers; revise provisions applicable to investigations by OFIS. Amends sec. 14 of 1987 PA 173 (MCL 445.1664). TIE BAR WITH: HB 5287'07, HB 5288'07, HB 5289'07, HB 5290'07, SB 0826'07, SB 0828'07, SB 0829'07, SB 0830'07, SB 0831'07, SB 0832'07, SB 0833'07 Last Action: assigned PA 63'08 with immediate effect |
| HB 5307 of 2007 | House Bill |
Financial institutions; mortgage brokers and lenders; home loan protection act; require compliance and impose additional duties with respect to borrowers. Amends sec. 22 of 1987 PA 173 (MCL 445.1672) & adds sec. 24a. TIE BAR WITH: HB 5294'07, HB 5295'07, HB 5296'07, HB 5297'07, HB 5298'07, HB 5299'07, HB 5300'07, HB 5301'07, HB 5302'07, HB 5303'07 Last Action: REFERRED TO COMMITTEE ON BANKING AND FINANCIAL INSTITUTIONS |
| HB 5308 of 2007 | House Bill |
Financial institutions; mortgage brokers and lenders; home loan protection act; require compliance by mortgage brokers in secondary market and impose additional duties with respect to borrowers. Amends sec. 24 of 1981 PA 125 (MCL 493.74) & adds sec. 24a. TIE BAR WITH: HB 5294'07, HB 5295'07, HB 5296'07, HB 5297'07, HB 5298'07, HB 5299'07, HB 5300'07, HB 5301'07, HB 5302'07, HB 5303'07 Last Action: REFERRED TO COMMITTEE ON BANKING AND FINANCIAL INSTITUTIONS |
| SB 1067 of 2008 | Senate Bill |
Consumer credit; predatory lending; practice of flipping a home loan; prohibit. Amends sec. 4 of 2002 PA 660 (MCL 445.1634). Last Action: REFERRED TO COMMITTEE ON BANKING AND FINANCIAL INSTITUTIONS |
| SB 1552 of 2008 (PA 0325 of 2008) |
Senate Bill |
Financial institutions; mortgage brokers and lenders; secondary mortgage loan officer registration requirements; include in secondary mortgage act. Amends title & secs. 1, 2, 6, 6a, 6b, 11, 13, 20, 22 & 27 of 1981 PA 125 (MCL 493.51 et seq.) & adds secs. 2a, 2b, 2c, 2d & 26a. TIE BAR WITH: HB 6562'08, SB 1553'08, SB 1554'08, SB 1555'08 Last Action: ASSIGNED PA 0325'08 WITH IMMEDIATE EFFECT |
| SB 1553 of 2008 (PA 0326 of 2008) |
Senate Bill |
Financial institutions; mortgage brokers and lenders; MBLSLA fund; expand authorized uses of money in fund. Amends sec. 8 of 1987 PA 173 (MCL 445.1658). TIE BAR WITH: HB 6562'08, SB 1552'08, SB 1554'08, SB 1555'08 Last Action: ASSIGNED PA 0326'08 WITH IMMEDIATE EFFECT |
| SB 1554 of 2008 (PA 0327 of 2008) |
Senate Bill |
Financial institutions; mortgage brokers and lenders; criminal history checks and application procedure for loan officer registration applicants; revise. Amends sec. 2a of 1987 PA 173 (MCL 445.1652a). TIE BAR WITH: HB 6562'08, SB 1552'08, SB 1553'08, SB 1555'08 Last Action: ASSIGNED PA 0327'08 WITH IMMEDIATE EFFECT |
| SB 1555 of 2008 (PA 0328 of 2008) |
Senate Bill |
Financial institutions; mortgage brokers and lenders; exemption from licensing or registration requirements; revise, and revise certain effective dates. Amends sec. 2 of 1987 PA 173 (MCL 445.1652). TIE BAR WITH: HB 6562'08, SB 1552'08, SB 1553'08, SB 1554'08 Last Action: ASSIGNED PA 0328'08 WITH IMMEDIATE EFFECT |
| HB 6148 of 2008 (PA 528 of 2008) |
House Bill |
Criminal procedure; sentencing guidelines; violation of mortgage company act or secondary mortgage loan act; reflect reduction of penalty to misdemeanor. Amends sec. 14p, ch. XVII of 1927 PA 175 (MCL 777.14p). TIE BAR WITH: SB 0343'07, SB 0356'07 Last Action: assigned PA 528'08 with immediate effect 2008 ADDENDA |
| HB 6562 of 2008 (PA 324 of 2008) |
House Bill |
Financial institutions; mortgage brokers and lenders; duties of mortgage industry advisory board; expand. Amends sec. 33 of 1987 PA 173 (MCL 445.1683). TIE BAR WITH: SB 1552'08, SB 1553'08, SB 1554'08, SB 1555'08 Last Action: assigned PA 324'08 with immediate effect |
| HB 6618 of 2008 (PA 323 of 2008) |
House Bill |
Criminal procedure; sentencing guidelines; violation of secondary mortgage loan act; reflect reduction of penalty to misdemeanor. Amends sec. 14p, ch. XVII of 1927 PA 175 (MCL 777.14p). TIE BAR WITH: SB 1552'08 Last Action: assigned PA 323'08 with immediate effect |