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Representatives Afendoulis, Chris Albert, Thomas Alexander, Julie Allor, Sue Banks, Brian Barrett, Tom Bellino, Joseph Bizon, John Brann, Tommy Brinks, Winnie Byrd, Wendell Calley, Julie Cambensy, Sara Camilleri, Darrin Canfield, Edward Chang, Stephanie Chatfield, Lee Chirkun, John Clemente, Cara Cochran, Tom Cole, Triston Cox, Laura Crawford, Kathy Dianda, Scott Durhal, Fred Elder, Brian Ellison, Jim Faris, Pam Farrington, Diana Frederick, Ben Garcia, Daniela Garrett, LaTanya Gay-Dagnogo, Sherry Geiss, Erika Glenn, Gary Graves, Joseph Green, Patrick Greig, Christine Greimel, Tim Griffin, Beth Guerra, Vanessa Hammoud, Abdullah Hauck, Roger Hernandez, Shane Hertel, Kevin Hoadley, Jon Hoitenga, Michele Hornberger, Pamela Howell, Gary Howrylak, Martin Hughes, Holly Iden, Brandt Inman, Larry Johnson, Steven Jones, Jewell Kahle, Bronna Kelly, Tim Kesto, Klint Kivela, John Kosowski, Robert LaFave, Beau LaGrand, David LaSata, Kimberly Lasinski, Donna Lauwers, Dan Leonard, Tom Leutheuser, Eric Liberati, Frank Lilly, Jim Love, Leslie Lower, James Lucido, Peter Marino, Steve Maturen, David McCready, Michael Miller, Aaron Moss, Jeremy Neeley, Sheldon Noble, Jeffrey Pagan, Kristy Pagel, Dave Peterson, Ronnie Phelps, Phil Rabhi, Yousef Reilly, John Rendon, Daire Roberts, Brett Robinson, Rose Mary Runestad, Jim Sabo, Terry Santana, Sylvia Schor, Andy Scott, Bettie Cook Sheppard, Jason Singh, Samir Sneller, Tim Sowerby, William Tedder, Jim Theis, Lana VanderWall, Curtis VanSingel, Scott Vaupel, Hank VerHeulen, Rob Victory, Roger Webber, Michael Wentworth, Jason Whiteford, Mary Wittenberg, Robert Yancey, Tenisha Yanez, Henry Yaroch, Jeff Zemke, Adam Senators Ananich, Jim Bieda, Steven Booher, Darwin Brandenburg, Jack Casperson, Tom Colbeck, Patrick Conyers, Ian Emmons, Judy Green, Mike Gregory, Vincent Hansen, Goeff Hertel, Curtis Hildenbrand, Dave Hood, Morris Hopgood, Hoon-Yung Horn, Kenneth Hune, Joe Johnson, Bert Jones, Rick Knezek , David Knollenberg, Marty Kowall, Mike MacGregor, Peter Marleau, James Meekhof, Arlan Nofs, Mike O'Brien, Margaret Pavlov, Phillip Proos, John Robertson, David Rocca, Tory Schmidt, Wayne Schuitmaker, Tonya Shirkey, Mike Stamas, Jim Warren, Rebekah Young II, Coleman Zorn, Dale Senate Committees Agriculture Appropriations Banking and Financial Institutions Commerce Economic Development and International Investment Education Elections and Government Reform Energy and Technology Families, Seniors and Human Services Finance Government Operations Health Policy Insurance Joint Committee on Administrative Rules Judiciary Local Government Michigan Competitiveness Natural Resources Outdoor Recreation and Tourism Oversight Regulatory Reform Transportation Veterans, Military Affairs and Homeland Security Only items with status Sort by BillSort by SponsorSort by Committee Committees: BANKING AND FINANCIAL INSTITUTIONS (8/15/2018)Sorted by: SequenceNo Bill/ResolutionReferred DateCommitteeSponsorSubjectMeetingsStatus HB 4580 of 2017 (PA 127 of 2017)Referred 6/6/2017Banking and Financial InstitutionsFarrington, DianaHousing; housing development authority; refinancing option; allow. Amends sec. 44 of 1966 PA 346 (MCL 125.1444).9/12/2017REPORTED FAVORABLY WITHOUT AMENDMENT on 9/12/2017 HB 5094 of 2017 (PA 76 of 2018)Referred 12/13/2017Banking and Financial InstitutionsBellino, JosephConsumer credit; credit reports and reporting agencies; free security freeze for consumers; provide for. Amends title & secs. 11, 14, 17, 21, 23 & 31 of 2013 PA 229 (MCL 445.2521 et seq.).2/27/2018REPORTED FAVORABLY WITHOUT AMENDMENT on 2/27/2018 HB 5811 of 2018 (PA 330 of 2018)Referred 5/17/2018Banking and Financial InstitutionsFarrington, DianaOccupations; notaries public; remote performance of notarial acts; authorize. Amends secs. 15, 25 & 27 of 2003 PA 238 (MCL 55.275 et seq.) & adds secs. 26b & 54.6/5/2018REPORTED FAVORABLY WITHOUT AMENDMENT on 6/7/2018 SB 0238 of 2017 (PA 0171 of 2017)Referred 3/14/2017Banking and Financial InstitutionsBooher, DarwinConsumer credit; lending practices; authority to pay referral fees under regulatory loan act; clarify. Amends sec. 12 of 1939 PA 21 (MCL 493.12).3/28/2017REPORTED FAVORABLY WITHOUT AMENDMENT on 3/28/2017 SB 0284 of 2017Referred 3/29/2017Banking and Financial InstitutionsJones, 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).REASSIGNED TO COMMITTEE ON Judiciary on 3/31/2017 SB 0345 of 2017Referred 5/2/2017Banking and Financial InstitutionsJones, 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 2017Referred 5/2/2017Banking and Financial InstitutionsAnanich, 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 2017Referred 6/6/2017Banking and Financial InstitutionsGregory, 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 2017Referred 6/6/2017Banking and Financial InstitutionsGregory, VincentFinancial institutions; small loan companies; licensing of certain small loan providers; require. Creates new act. TIE BAR WITH: SB 0432'17 SB 0432 of 2017Referred 6/6/2017Banking and Financial InstitutionsRobertson, 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 2017Referred 6/15/2017Banking and Financial InstitutionsBooher, 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).4/24/20185/1/2018REPORTED FAVORABLY WITH SUBSTITUTE S-2 on 5/2/2018 SB 0516 of 2017Referred 9/6/2017Banking and Financial InstitutionsSchmidt, 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 0517'1710/31/2017 SB 0517 of 2017Referred 9/6/2017Banking and Financial InstitutionsSchmidt, WayneCivil procedure; alternate dispute resolution; agricultural mediation program; establish for certain qualified persons. Creates new act. TIE BAR WITH: SB 0516'17, SB 0518'1710/31/2017 SB 0518 of 2017Referred 9/6/2017Banking and Financial InstitutionsSchmidt, 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 0517'1710/31/2017 SB 0604 of 2017Referred 10/3/2017Banking and Financial InstitutionsZorn, DaleCivil procedure; civil actions; liability for returned checks; include fees charged by financial institution. Amends sec. 2952 of 1961 PA 236 (MCL 600.2952). SB 0632 of 2017Referred 10/17/2017Banking and Financial InstitutionsBooher, DarwinState financing and management; authorities; cybersecurity council; create. Amends 1984 PA 431 (MCL 18.1101 - 18.1594) by adding sec. 466. TIE BAR WITH: SB 0633'175/1/20185/15/2018 SB 0633 of 2017Referred 10/17/2017Banking and Financial InstitutionsBooher, DarwinTrade; data security; personal identifying information; require encryption of certain computerized data and provide remedy to depository institutions for security breaches. Amends secs. 11 & 12 of 2004 PA 452 (MCL 445.71 & 445.72). TIE BAR WITH: SB 0632'175/1/20185/15/2018 SB 0635 of 2017Referred 10/18/2017Banking and Financial InstitutionsGregory, VincentProperty; mortgages; fee assessed by foreclosure sale purchasers to calculate redemption amount; provide cap. Amends sec. 3240 of 1961 PA 236 (MCL 600.3240).11/28/201712/5/2017REPORTED FAVORABLY WITH SUBSTITUTE S-1 on 12/5/2017 SB 0664 of 2017Referred 1/30/2018Banking and Financial InstitutionsMacGregor, PeterOccupations; notaries public; electronic notarization of documents; clarify. Amends secs. 3, 5, 7 & 15 of 2003 PA 238 (MCL 55.263 et seq.) & adds secs. 26, 26a & 54.5/29/2018DISCHARGE COMMITTEE APPROVED on 1/30/2018 REPORTED FAVORABLY WITH SUBSTITUTE S-2 on 6/7/2018 SB 0728 of 2017Referred 12/13/2017Banking and Financial InstitutionsMacGregor, PeterFinancial institutions; credit cards; credit card arrangements act; modify definitions and update title. Amends title & sec. 1 of 1984 PA 379 (MCL 493.101).1/23/2018REPORTED FAVORABLY WITH SUBSTITUTE S-1 on 1/23/2018 SB 0729 of 2017Referred 12/13/2017Banking and Financial InstitutionsO'Brien, MargaretFinancial institutions; money transmitters; exemption from requirements of money transmission services act for certain gift cards and other stored value devices; clarify. Amends secs. 2, 3 & 4 of 2006 PA 250 (MCL 487.1002 et seq.).1/23/2018REPORTED FAVORABLY WITH SUBSTITUTE S-1 on 1/23/2018 SB 0996 of 2018Referred 5/15/2018Banking and Financial InstitutionsSchmidt, WayneOccupations; notaries public; recognition of notarial acts performed outside of this state; authorize in state notary statute. Amends title & secs. 1, 5 & 11 of 2003 PA 238 (MCL 55.261 et seq.) & adds sec. 25a. TIE BAR WITH: SB 0664'17, SB 0997'18, SB 0998'18, SB 0999'185/29/2018REPORTED FAVORABLY WITH SUBSTITUTE S-1 on 6/7/2018 SB 0997 of 2018Referred 5/15/2018Banking and Financial InstitutionsMacGregor, PeterCivil procedure; evidence; authentication process for notarial acts performed outside of this state; revise. Amends sec. 2102 of 1961 PA 236 (MCL 600.2102). TIE BAR WITH: SB 0664'17, SB 0996'18, SB 0998'18, SB 0999'185/29/2018REPORTED FAVORABLY WITHOUT AMENDMENT on 5/30/2018 SB 0998 of 2018Referred 5/15/2018Banking and Financial InstitutionsMacGregor, PeterLaw; uniform or model acts; uniform recognition of acknowledgments act; repeal. Repeals 1969 PA 57 (MCL 565.261 - 565.270). TIE BAR WITH: SB 0664'17, SB 0996'18, SB 0997'18, SB 0999'185/29/2018REPORTED FAVORABLY WITHOUT AMENDMENT on 5/30/2018 SB 0999 of 2018Referred 5/15/2018Banking and Financial InstitutionsHertel, CurtisProperty; recording; requirements for recording electronic documents; modify. Amends secs. 4 & 5 of 2010 PA 123 (MCL 565.844 & 565.845). TIE BAR WITH: SB 0664'17, SB 0996'18, SB 0997'18, SB 0998'185/29/2018REPORTED FAVORABLY WITHOUT AMENDMENT on 5/30/2018 SB 1036 of 2018 (PA 334 of 2018)Referred 5/29/2018Banking and Financial InstitutionsSchmidt, WayneProperty; conveyances; state-owned property under the jurisdiction of the department of corrections; provide for the sale of. Creates new act.REPORTED FAVORABLY WITHOUT AMENDMENT on 5/30/2018 SR 0145 of 2018Referred 3/21/2018Banking and Financial InstitutionsRobertson, DavidA resolution to urge the United States Congress to repeal the rule on payday and certain other loans submitted by the Consumer Financial Protection Bureau.