MI HB4067 | 2009-2010 | 95th Legislature
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 22 2009 - 25% progression, died in committee
Action: 2009-01-27 - Printed Bill Filed 01/23/2009
Pending: House Banking And Financial Services Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 22 2009 - 25% progression, died in committee
Action: 2009-01-27 - Printed Bill Filed 01/23/2009
Pending: House Banking And Financial Services Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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 4065'09
Title
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 4065'09
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2009-01-27 | Printed Bill Filed 01/23/2009 | |
| 2009-01-22 | Referred To Committee On Banking And Financial Services | |
| 2009-01-22 | Read A First Time | |
| 2009-01-22 | Introduced By Representative Vincent Gregory |
Subjects
Consumer credit, other
Consumer protection, unfair trade practices
Financial institutions, generally
Financial institutions, mortgage brokers and lenders
Consumer protection, unfair trade practices
Financial institutions, generally
Financial institutions, mortgage brokers and lenders
Michigan State Sources
| Type | Source |
|---|---|
| Summary | https://legislature.mi.gov/doc.aspx?2009-HB-4067 |
| Text | https://legislature.mi.gov/documents/2009-2010/billintroduced/House/htm/2009-HIB-4067.htm |
