M L  
95th Legislature Regular Session  
Michigan Compiled Laws Complete Through PA 242 of 2009  
House: Adjourned until Wednesday, February 10, 2010 1:30:00 PM  
Senate: Adjourned until Wednesday, February 10, 2010 10:00:00 AM  
HomeRegisterWhy Register?LoginNew!Help




Section 445.1645

CONSUMER MORTGAGE PROTECTION ACT (EXCERPT)
Act 660 of 2002


445.1645 Standards; uniformity; preemption.

Sec. 15.

(1) The laws of this state relating to the brokering, making, servicing, and collecting of mortgage loans prescribe rules of conduct upon citizens generally, comprise a comprehensive regulatory framework intended to operate uniformly throughout the state under the same circumstances and conditions, and constitute general laws of this state.

(2) Silence in the statutes of this state with respect to any act or practice in the brokering, making, servicing, or collecting of mortgage loans shall not be interpreted to mean that the state has not completely occupied the field or has only set minimum standards in its regulation of brokering, making, servicing, or collecting of mortgage loans.

(3) It is the intent of the legislature to entirely preempt municipal corporations and other political subdivisions from the regulation and licensing of persons engaged in the brokering, making, servicing, or collecting of mortgage loans in this state.


History: 2002, Act 660, Imd. Eff. Dec. 23, 2002


© 2009 Legislative Council, State of Michigan
Acceptable Use Policy Privacy Policy Copyright Infringement Comment Form
The Michigan Legislature Website is a free service of the Legislative Internet Technology Team in cooperation with the Michigan Legislative Council, the Michigan House of Representatives, and the Michigan Senate.  The information obtained from this site is not intended to replace official versions of that information and is subject to revision. The Legislature presents this information, without warranties, express or implied, regarding the accuracy of the information, timeliness, or completeness. If you believe the information is inaccurate, out-of-date, or incomplete or if you have problems accessing or reading the information, please send your concerns to the appropriate agency using the online Comment Form in the bar above this text.

Questions about the law?  Contact the State Law Library between 1-5pm (M-F) - (517) 373-0630 or use the comment form to send them email.