February 17, 2005, Introduced by Reps. Espinoza, Tobocman, Gonzales, Cheeks, Farrah, McConico, Murphy and Hunter and referred to the Committee on Banking and Financial Services.
A bill to amend 2003 PA 215, entitled
"Credit union act,"
(MCL 490.101 to 490.601) by adding section 425.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 425. A domestic credit union is subject to and shall
comply with all of the requirements of the home loan protection
act, 2002 PA 660, MCL 445.1631 to 445.1645.
Enacting section 1. This amendatory act does not take effect
unless Senate Bill No.____ or House Bill No. 4343(request no.
01449'05) of the 93rd Legislature is enacted into law.