Banking and Financial Institutions

MI - Senator Darwin L Booher (R)

Title:

Committee Chair

MI - Senator Mike Nofs (R)

Title:

Majority Vice Chair

MI - Senator Mike Green (R)

Title:

Member

MI - Senator Jim Marleau (R)

Title:

Member

MI - Senator Tory Rocca (R)

Title:

Member

MI - Senator Jim Ananich (D)

Title:

Minority Vice Chair

MI - Senator Virgil Smith (D)

Title:

Member

MI - HB5795 Civil procedure; foreclosure; eligibility for right to redeem property; require interest to be recorded. Amends sec. 3140 of 1961 PA 236 (MCL 600.3140).

MI - HB5794 Civil procedure; foreclosure; property inspections during redemption period; correct procedural requirement. Amends secs. 3238 & 3241a of 1961 PA 236 (MCL 600.3238 & 600.3241a).

MI - SB883 Individual income tax; deductions; mortgage forgiveness relief; provide for. Amends sec. 30 of 1967 PA 281 (MCL 206.30).

MI - HB5960 Property tax; delinquent taxes; bids on foreclosed properties from certain individuals; prohibit under certain circumstances and require registrations. Amends sec. 78m of 1893 PA 206 (MCL 211.78m).

MI - SR98 A resolution to urge the Congress and the President of the United States to enact legislation that would reinstate the separation of commercial and investment banking functions in effect under the Glass-Steagall Act.

MI - SB567 Financial institutions; banks; written disclosure of rights of account holders; require for joint accounts. Amends 1999 PA 276 (MCL 487.11101 - 487.15105) by adding sec. 4103a.

MI - SB555 Liquor; retail sales; access to family independence program assistance from certain automatic teller machines (ATMs); prohibit. Amends 1998 PA 58 (MCL 436.1101 - 436.2303) by adding sec. 1024.

MI - SB554 Gaming; horse racing; access to family independence program assistance from certain automatic teller machines (ATMs) with bridge card; prohibit. Amends 1995 PA 279 (MCL 431.301 - 431.336) by adding sec. 9b.

MI - SB366 Financial institutions; banks; overdraft fees by state banks; regulate. Amends 1999 PA 276 (MCL 487.11101 - 487.15105) by adding sec. 4101a.

MI - SB565 Financial institutions; credit unions; written disclosure of rights of account holders; require for joint accounts. Amends 1968 PA 41 (MCL 490.51 - 490.65) by adding sec. 14b.

MI - SB550 Commercial code; bank deposits and collections; application of article 4a of the uniform commercial code; revise. Amends sec. 4A108 of 1962 PA 174 (MCL 440.4608).

MI - SB548 Commercial code; commercial paper; references to uniform commercial code in uniform electronic transactions act; update. Amends sec. 16 of 2000 PA 305 (MCL 450.846). TIE BAR WITH: SB 0547'13

MI - SB640 Property tax; delinquent taxes; procedure for land banks to purchase delinquent tax property; provide for. Amends sec. 78m of 1893 PA 206 (MCL 211.78m). TIE BAR WITH: SB 0295'13

MI - SB551 Commercial code; secured transactions; calculation of damages for violation of article 9 by secured party; revise, and extend rules in deficiency actions to consumer transactions. Amends secs. 9625 & 9626 of 1962 PA 174 (MCL 440.9625 & 440.9626).

MI - SB556 Human services; services or financial assistance; access to family independence program assistance from certain automated teller machines (ATMs); prohibit. Amends sec. 57v of 1939 PA 280 (MCL 400.57v).

MI - SB434 Financial institutions; credit unions; access to cash benefits from certain automated teller machines (ATMs) with bridge card; prohibit. Amends 2003 PA 215 (MCL 490.101 - 490.601) by adding sec. 413.

MI - SB383 Civil procedure; foreclosure; redemption period; terminate redemption rights if property is damaged. Amends sec. 3240 of 1961 PA 236 (MCL 600.3240). TIE BAR WITH: HB 4765'13, HB 4766'13, SB 0380'13

MI - SB240 Consumer credit; credit cards; surcharges on credit card purchases; prohibit. Amends sec. 3 of 1976 PA 331 (MCL 445.903).

MI - SB295 Property tax; delinquent taxes; bids on foreclosed properties from certain individuals; prohibit under certain circumstances and require registration. Amends sec. 78m of 1893 PA 206 (MCL 211.78m).

MI - SB632 Property tax; delinquent taxes; interest rate on tax foreclosures; modify. Amends secs. 78a & 78g of 1893 PA 206 (MCL 211.78a & 211.78g).

MI - SB547 Commercial code; commercial paper; general revisions to article 3 of the uniform commercial code; provide for. Amends secs. 3103, 3106, 3116, 3119, 3305, 3309, 3312, 3416, 3417, 3419, 3602, 3604 & 3605 of 1962 PA 174 (MCL 440.3103 et seq.).

MI - SB566 Financial institutions; savings banks; written disclosure of rights of account holders; require for joint accounts. Amends 1996 PA 354 (MCL 487.3101 - 487.3804) by adding sec. 435.

MI - SB549 Commercial code; bank deposits and collections; general revisions to article 4 of the uniform commercial code; provide for. Amends secs. 4104, 4207, 4208, 4212, 4301 & 4403 of 1962 PA 174 (MCL 440.4104 et seq.).

MI - SB435 Financial institutions; savings banks; access to cash benefits from certain automatic teller machines (ATMs) with bridge card; prohibit. Amends 1996 PA 354 (MCL 487.3101 - 487.3804) by adding sec. 436.

MI - SB174 Consumer credit; credit reports and reporting agencies; security freeze on credit reports concerning other children and consumers; allow under certain circumstance. Creates new act.

MI - SB436 Financial institutions; banks; access to cash benefits from certain automatic teller machines (ATMs) with bridge card; prohibit. Amends 1999 PA 276 (MCL 487.11101 - 487.15105) by adding sec. 4110.

MI - SB381 Civil procedure; foreclosure; mortgage modification program; phase out and repeal. Amends sec. 3205e of 1961 PA 236 (MCL 600.3205e) & repeals secs. 3205a - 3205d of 1961 PA 236 (MCL 600.3205a et seq.). TIE BAR WITH: HB 4764'13, HB 4766'13, HB 4767'13, SB 0380'13, SB 0382'13, SB 0383'13

MI - SB267 Education; curriculum; 1/2 credit of financial literacy; require as part of the math credit required for Michigan merit curriculum. Amends sec. 1278a of 1976 PA 451 (MCL 380.1278a).

MI - SB19 Financial institutions; mortgage brokers and lenders; appointments to the mortgage industry advisory board; modify. Amends sec. 33 of 1987 PA 173 (MCL 445.1683).

MI - SB365 Financial institutions; savings banks; overdraft fees; regulate. Amends 1996 PA 354 (MCL 487.3101 - 487.3804) by adding sec. 401a.

MI - SB382 Civil procedure; foreclosure; federal loss mitigation procedures; require lenders to comply. Amends 1961 PA 236 (MCL 600.101 - 600.9947) by adding sec. 3206. TIE BAR WITH: HB 4764'13, HB 4765'13, HB 4767'13, SB 0380'13, SB 0381'13, SB 0383'13

MI - SB380 Civil procedure; foreclosure; mortgage modification program; revise. Amends sec. 3204 of 1961 PA 236 (MCL 600.3204). TIE BAR WITH: HB 4765'13, HB 4766'13, SB 0383'13

MI - SB357 Businesses; business corporations; shareholder vote requirement for certain business combinations; revise. Amends sec. 778 of 1972 PA 284 (MCL 450.1778).

MI - HB4654 Businesses; business corporations; ownership requirements for professional corporations engaged in practice of public accounting; revise. Amends sec. 284 of 1972 PA 284 (MCL 450.1284).

MI - HB4334 Businesses; limited liability companies; ownership requirements for professional limited liability companies engaged in practice of public accounting; revise. Amends sec. 904 of 1993 PA 23 (MCL 450.4904).

MI - SB664 Consumer credit; debt management; debt management act; make general revisions. Amends title & secs. 2, 4, 5, 6, 8, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20 & 26 of 1975 PA 148 (MCL 451.412 et seq.) & adds sec. 8a.

MI - SB1048 Civil procedure; foreclosure; effect of mortgage foreclosure on oil and gas leases; modify. Amends secs. 3130, 3208 & 3236 of 1961 PA 236 (MCL 600.3130 et seq.) & adds sec. 3106.

MI - SB1087 Financial institutions; loan officers; certain servicer loss mitigation staff; exempt from licensure. Amends sec. 5 of 2009 PA 75 (MCL 493.135).

MI - HB5412 Financial institutions; banks; savings promotion raffles by state banks; allow. Amends 1999 PA 276 (MCL 487.11101 - 487.15105) by adding sec. 4111.

MI - HB5413 Crimes; gambling; exclusion of savings promotion raffles by state banks from gambling and lottery crimes; clarify. Amends secs. 315a & 376a of 1931 PA 328 (MCL 750.315a & 750.376a). TIE BAR WITH: HB 5412'14

MI - HCR19 A concurrent resolution to urge the Congress of the United States to repeal section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

MI - HB4996 Trade; securities; exemption from registration of certain securities issued by Michigan companies; create, and revise small offering exemption. Amends secs. 102a, 202, 504 & 510 of 2008 PA 551 (MCL 451.2102a et seq.) & adds sec. 202a.

MI - HB5277 Civil procedure; foreclosure; property inspections during redemption period; revise procedures for. Amends secs. 3204, 3240 & 3278 of 1961 PA 236 (MCL 600.3204 et seq.); adds secs. 3237 & 3238 & repeals secs. 3205, 3205e & 3206 of 1961 PA 236 (MCL 600.3205 et seq.).

MI - HB4638 Records; public; copy of original mortgage verified by affidavit; authorize recording of and provide for protection of lien. Amends sec. 1 of 1937 PA 103 (MCL 565.201). TIE BAR WITH: HB 4640'13

MI - HB4640 Records; public; recording copy of original conveyance; specify requirements for accompanying affidavit. Amends sec. 1a of 1915 PA 123 (MCL 565.451a). TIE BAR WITH: HB 4638'13

MI - HB4639 Records; public; recording affidavit and copy of original conveyance; allow for indexing under name of affiant only in certain cases. Amends sec. 28 of 1846 RS 65 (MCL 565.28). TIE BAR WITH: HB 4638'13, HB 4640'13

MI - HB5273 Trade; securities; Michigan investment markets for transactions in Michigan securities; authorize and regulate. Amends title & secs. 202, 401 & 501 of 2008 PA 551 (MCL 451.2202 et seq.) & adds art. 4A.