HOUSE BILL No. 4348

 

February 17, 2005, Introduced by Reps. Clack, Tobocman, Gonzales, Cheeks, Farrah, McConico, Murphy and Hunter and referred to the Committee on Banking and Financial Services.

 

     A bill to amend 1980 PA 307, entitled

 

"Savings and loan act of 1980,"

 

(MCL 491.102 to 491.1202) by adding section 737.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 737. An association 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.