Get documents about "2009 10 State Leg Tracking Week of Sept 14 Sept 1809
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MCUL STATE LEGISLATIVE TRACKING 2009-2010
Issue Bill Description Status Background
Financial SB 0008 of 2009 (Gleason) Referred to Senate Committee Bill affects banks only-prohibits a bank from
Institutions Financial institutions; banks; location of branches or ATM's on Banking and Financial establishing an ATM near or on the premises of an
near commercial affiliates; restrict. Institutions on 1/14/2009 affiliate that engages in commercial activities.
PA 12 of 2009 (formerly SB 0379 of 2009) (Olshove) Assigned PA 0012'09, PA SB 379-381 are clean up bills from mortgage loan
Financial institutions; loan officers; mortgage loan officer 0013'09 and PA 0014'09 with officer registration package from last session.
registration requirements; require for consumer financial immediate effect on 4/21/2009; Depositories, including credit unions and their
service companies. TIE BAR WITH: SB 0380'09, SB 0381'09. Effective 4/9/2009 affiliates continue to be exempt. The three bills are
Tie-Barred.
PA 13 of 2009 (formerly SB 0380 of 2009) (Van Woerkom)
Financial institutions; loan officers; registration of consumer
financial services company mortgage loan officers; allow
under mortgage brokers, lenders, and services act. TIE BAR
WITH: SB 0379'09, SB 0381'09.
PA 14 of 2009 (formerly SB 0381 of 2009) (Hardiman)
Financial institutions; loan officers; registration of consumer
financial services company mortgage loan officers; allow
under secondary mortgage act. TIE BAR WITH: SB 0379'09,
SB 0380'09.
PA 75 of 2009 (formerly SB 0462 of 2009) (Richardville) Assigned PA 0075'09, PA SB 462-465 codify the federal mandate of
Financial institutions; loan officers; mortgage loan officer 0076'09, PA 0077'09 and PA licensure/registration of loan officers. Employees of
licensing; adopt statute that complies with federal SAFE act 0078'09 with immediate effect depositories will not need to be licensed, but must
requirements. Creates new act. TIE BAR WITH: SB 0463'09, on 8/5/2009 be registered through the Nationwide Mortgage
SB 0464'09, SB 0465'09. Licensing System and Registry (NMLSR). SB 462
is Tie-Barred to SB 463-465, but SB 463-465 are
only Tie-Barred to SB 462. [MCUL ACTION
TAKEN - Submitted comment call letter on 4/23/09;
Submitted testimony card on 5/13/2009 for SB 462,
neutral on the bill.] For letters go to:
PA 76 of 2009 (formerly SB 0463 of 2009) (T. Stamas) http://www.mcul.org/Legislative_Comment_Calls_1
Financial institutions; mortgage brokers and lenders; 636.html
mortgage brokers, lenders, and servicers licensing act;
amend to comply with federal SAFE act requirements. The
act also corrects the reference in HB 4688, the Uniform
Securities Act (MCL 451.2101 to 451.2703). TIE BAR WITH:
SB 0462'09.
PA 77 of 2009 (formerly SB 0464 of 2009) (Olshove)
Last Updated: 10/4/2012 Page 1
Financial institutions; mortgage brokers and lenders;
secondary mortgage loan act; amend to comply with federal
SAFE act requirements. TIE BAR WITH: SB 0462'09.
PA 78 of 2009 (formerly SB 0465 of 2009) (Sanborn)
Financial institutions; other; consumer financial services act;
amend to comply with federal SAFE act requirements.
Amends sec. 9 of 1988 PA 161 (MCL 487.2059). TIE BAR
WITH: SB 0462'09.
HB 4065 of 2009 (J. Switalski) Referred to House Committee Bills require disclosure of certain information for
Consumer credit; predatory lending; consumer mortgage on Banking and Financial home loans and high-cost home loans.
protection act; replace with home loan protection act. Services on 1/22/2009 Depositories exempted from HB 4065. HB 4066
HB 4066 of 2009 (R. Schmidt) and 4067 are Tie-Barred to HB 4065.
Financial institutions; mortgage brokers and lenders; home
loan protection act; require compliance and impose additional
duties with respect to borrowers. TIE BAR WITH: HB
4065'09.
HB 4067 of 2009 (Gregory)
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. TIE BAR WITH: HB 4065'09.
HB 4585 of 2009 (Melton) Referred to House Committee HB 4585-4593 is the predatory lending package
Consumer credit; predatory lending; general revision to on Banking and Financial reintroduced from last session. The bills would
consumer mortgage protection act; regulate rate spread and Services on 3/17/2009 prohibit certain actions by creditors, including giving
high-cost home loans and revise default provisions. TIE BAR out a loan if the borrower isn't reasonably
WITH: HB 4586'09, HB 4587'09, HB 4588'09, HB 4589'09, determined to be able to pay it back and giving out
HB 4590'09, HB 4591'09, HB 4592'09, HB 4593'09. a high-cost home loan without documenting
whether a borrower received counseling on the
HB 4586 of 2009 (Angerer) advisability of that loan. Credit unions and their
Consumer credit; predatory lending; general revision to operating subsidiaries are exempt from the
consumer mortgage protection act; revise provisions legislation in HB 4592. HB 4585-4593 are Tie-
concerning notices and disclosures. TIE BAR WITH: HB Barred.
4585'09, HB 4587'09, HB 4588'09, HB 4589'09, HB 4590'09,
HB 4591'09, HB 4592'09, HB 4593'09.
HB 4587 of 2009 (J. Switalski)
Consumer credit; predatory lending; general revision to
consumer mortgage protection act; prohibit certain lending
practices. TIE BAR WITH: HB 4585'09, HB 4586'09, HB
4588'09, HB 4589'09, HB 4590'09, HB 4591'09, HB 4592'09,
HB 4593'09.
HB 4588 of 2009 (Leland)
Last Updated: 10/4/2012 Page 2
Consumer credit; predatory lending; general revision to
consumer mortgage protection act; revise references to home
loans in local preemption provisions. TIE BAR WITH: HB
4585'09, HB 4586'09, HB 4587'09, HB 4589'09, HB 4590'09,
HB 4591'09, HB 4592'09, HB 4593'09.
HB 4589 of 2009 (Valentine)
Consumer credit; predatory lending; general revision to
consumer mortgage protection act; prescribe civil sanctions
and penalties. TIE BAR WITH: HB 4585'09, HB 4586'09, HB
4587'09, HB 4588'09, HB 4590'09, HB 4591'09, HB 4592'09,
HB 4593'09.
HB 4590 of 2009 (Young)
Consumer credit; predatory lending; general revision to
consumer mortgage protection act; revise authority of OFIS
commissioner. TIE BAR WITH: HB 4585'09, HB 4586'09, HB
4587'09, HB 4588'09, HB 4589'09, HB 4591'09, HB 4592'09,
HB 4593'09.
HB 4591 of 2009 (Ebli)
Consumer credit; predatory lending; general revision to
consumer mortgage protection act; general applicability of
act. TIE BAR WITH: HB 4585'09, HB 4586'09, HB 4587'09,
HB 4588'09, HB 4589'09, HB 4590'09, HB 4592'09, HB
4593'09.
HB 4592 of 2009 (Simpson)
Consumer credit; predatory lending; general revision to
consumer mortgage protection act; revise title and general
definitions. TIE BAR WITH: HB 4585'09, HB 4586'09, HB
4587'09, HB 4588'09, HB 4589'09, HB 4590'09, HB 4591'09,
HB 4593'09.
HB 4593 of 2009 (Corriveau)
Consumer credit; predatory lending; general revision to
consumer mortgage protection act; revise claims and
defenses in civil actions. TIE BAR WITH: HB 4585'09, HB
4586'09, HB 4587'09, HB 4588'09, HB 4589'09, HB 4590'09,
HB 4591'09, HB 4592'09.
HB 4623 of 2009 (Corriveau) Referred to House Committee Reintroduction of HB 5731 from last session. The
Financial institutions; credit unions; written disclosure of rights on Senior Health, Security, and bill requires written disclosure of rights of joint
of account holders; require for joint accounts. Retirement on 3/18/2009 account holders prior to accepting the account.
MCUL opposed in 2008.
PA 59 of 2009 (formerly HB 4743 of 2009) (Booher) Assigned PA 0059'09 and PA Allows banks to have a 12 month time period for
Financial institutions; banks; time period for writing off certain 0058'09 with immediate effect writing off bad debt. Credit unions already have 12
bad debt; modify. Amends sec. 4205 of 1999 PA 276 (MCL on 7/14/2009 months. Companion bills.
487.14205).
Last Updated: 10/4/2012 Page 3
0058'09 with immediate effect writing off bad debt. Credit unions already have 12
on 7/14/2009 months. Companion bills.
PA 58 of 2009 (HB 4749 of 2009) (Clemente)
Financial institutions; savings banks; time period writing off
certain bad debts; modify. Amends sec. 512 of 1996 PA 354
(MCL 487.3512).
SB 0772 of 2009 (Kahn) Referred to Senate Committee Prohibits banks from charging account inactivity
Financial institutions; banks; account inactivity fees; prohibit. on Banking and Financial fees.
Amends sec. 4101 of 1999 PA 276 (MCL 487.14101). Institutions on 8/26/2009
SB 0779 of 2009 (Sanborn) Referred to Senate Committee Requires a domestic credit union to notify an
Financial institutions; credit unions; notice of withdrawal from on Banking and Financial account holder within 48 hours if there was an error
account to correct error by credit union; require within 48 Institutions on 8/27/2009 in dispensing money from a customer's account.
hours of withdrawal. Amends 2003 PA 215 (MCL 490.101 -
490.601) by adding sec. 413.
HB 4640 of 2009 (Johnson) Referred to Second Reading in This bill puts extra burdens on notaries by
Occupations; notaries public; requirement for record keeping the House on 9/9/2009 mandating they keep an extensive log of their
of certain notarial acts; provide for. Amends sec. 25 of 2003 actions.
PA 238 (MCL 55.285).
HB 5412 of 2009 (Geiss) Referred to House Committee Requires credit unions to receive in writing an
Financial institutions; credit unions; procedure for the on Banking and Financial individual's specific informed consent prior to
disclosure of nonpublic financial information to unaffiliated Services on 9/17/2009 disclosing or sharing nonpublic personal financial
third parties; revise. information. HB 5413-5415 would apply to banks,
saving banks and savings and loan associations.
This four bill package is a reintroduction of
legislation that was introduced in 2005 but never
passed committee.
Financial PA 21 of 2009 (formerly SB 0195 of 2009) (T. Stamas) Assigned PA 0021'09 with “CDARS” bills introduced by Sen. Stamas to permit
Institutions Local government; financing; investment in certain certificates immediate effect on 5/6/2009; school districts, intermediate school districts and
(CDARS) of deposit; include credit unions. Amends sec. 1 of 1943 PA Effective 5/5/2009 public corporations to invest with a CU registry.
20 (MCL 129.91).
SB 0196 of 2009 (T. Stamas) Referred to House Committee
Education; financing; investment in certain certificates of on Banking and Financial
deposit; include credit unions. Amends secs. 622 & 1223 of Services on 2/17/2009
1976 PA 451 (MCL 380.622 & 380.1223).
PA 22 of 2009 (formerly HB 4397 of 2009) (Mayes) Assigned PA 0022'09 with HB 4397 and 4398 are the House version of
Education; financing; investment of certain deposit; include immediate effect on 5/6/2009; “CDARS,” introduced by Rep. Jeff Mayes (D-Bay
credit unions. Effective 5/5/2009 City). [MCUL ACTION TAKEN - Submitted support
letter to the House Banking and Financial Services
HB 4398 of 2009 (Mayes) Referred to Senate Committee Committee on 3/12/2009] For letters go to:
on Banking and Financial
Services on 3/18/2009
Last Updated: 10/4/2012 Page 4
Referred to Senate Committee
Local government; financing; investment in certain certificates on Banking and Financial http://www.mcul.org/Letters_to_Lawmakers_2131.h
of deposit; include credit unions. Services on 3/18/2009 tml
SB 0583 (S-1) of 2009 (T. Stamas) Referred to Second Reading in Allows community college surplus funds invested in
Higher education; community colleges; investment of surplus the House on 6/18/2009 CDs to utilize the Certificate of Deposit Accounts
funds in certain certificates of deposit; authorize. Amends Registry Service (CDARS). [MCUL ACTION
sec. 142 of 1966 PA 331 (MCL 389.142). TAKEN - Testified on requested amendment on
5/27/2009. Submitted testimony card on
6/18/2009.]
Civil SB 0029 of 2009 (Clarke) Referred to Senate Committee Bills provide a 2 year moratorium on foreclosure.
Procedure/ Civil procedure; foreclosure; 2-year moratorium on mortgage on Banking and Financial SB 29 is Tie-Barred to SB 30 and 31 and SB 30
Foreclosure foreclosures; provide for. Amends secs. 3115, 3201 & 3236 of Services on 1/28/2009 and 31 are ony Tie-Barred to SB 29. [MCUL
1961 PA 236 (MCL 600.3115 et seq.) & adds secs. 3116 & ACTION TAKEN - The MCUL has contacted Sen.
3237. TIE BAR WITH: SB 0030'09, SB 0031'09 Richardville's office, they don't see much action
being taken at all on SB 29-33 as other foreclosure
SB 0030 of 2009 (Olshove) legislation is considered.]
Property tax; delinquent taxes; stay of foreclosure for unpaid
property taxes; allow if stay of mortgage foreclosure is
ordered. Amends secs. 78k & 78m of 1893 PA 206 (MCL
211.78k & 211.78m). TIE BAR WITH: SB 0029'09.
SB 0031 of 2009 (Gleason)
Housing; housing development authority; mortgage
foreclosure extension guarantee program; allow housing
development authority to offer. Amends 1966 PA 346 (MCL
125.1401 - 125.1499c) by adding sec. 44h. TIE BAR WITH:
SB 0029'09.
SB 0032 of 2009 (Clarke) Referred to Senate Committee When foreclosing a rental property, tenants must
Civil procedure; evictions; eviction after foreclosure; require on Judiciary on 1/27/2009 be given a 90-day notice of eviction and a notice by
90-day notice of eviction to tenants. mail within 15 days after the first publication of the
notice. Provides details if the property is described
SB 0033 of 2009 (Clarke) in a deed. Companion bills.
Civil procedure; foreclosure; lease of foreclosed property;
provide that lease continues after property is foreclosed, and
provide notice of foreclosure to tenants.
SB 0078 of 2009 (Clarke) Referred to Senate Committee Provides that every notice of foreclosure by
Civil procedure; foreclosure; notice of foreclosure of mortgage on Judiciary on 1/27/2009 advertisement shall include a street address of the
by advertisement; require to include street address. Amends mortgaged property.
sec. 3212 of 1961 PA 236 (MCL 600.3212).
SB 0350 of 2009 (Cassis) Referred to Senate Committee Similar to SB 1390 from last session, the bill would
on Banking and Financial allow a register of deeds to determine the amount
Services on 3/10/2009 necessary to redeem property sold at a foreclosure
sale, if the county board of commissioners had
Last Updated: 10/4/2012 given approval to do so. Page 5
Referred to Senate Committee Similar to SB 1390 from last session, the bill would
Civil procedure; foreclosure; amount required to redeem on Banking and Financial allow a register of deeds to determine the amount
foreclosed property; allow certain registers of deeds to Services on 3/10/2009 necessary to redeem property sold at a foreclosure
calculate. Amends sec. 3240 of 1961 PA 236 (MCL sale, if the county board of commissioners had
600.3240). given approval to do so.
HB 4033 of 2009 (Jackson) Referred to House Committee Provides for a 1 year moratorium on foreclosures
Civil procedure; foreclosure; 1-year moratorium on residential on Banking and Financial for residential mortgages and land contracts. HB
mortgage and land contract foreclosures; make applicable to Services on 1/22/2009 4033 and 4034 are Tie Barred.
MSHDA mortgages and land contracts. TIE BAR WITH: HB
4034'09
HB 4034 of 2009 (Jackson)
Civil procedure; foreclosure; 1-year moratorium on residential
mortgage and land contract foreclosures; provide for. TIE
BAR WITH: HB 4033'09
HB 4046 of 2009 (B. Scott) Referred to House Committee Establishes a mediation program and moratorium
Civil procedure; foreclosure; mediation program and on Banking and Financial for residential foreclosures.
moratorium for residential mortgage foreclosures; establish. Services on 1/22/2009
HB 4211 (H-3) of 2009 (Jackson) Referred to Senate Committee The bill requires a rental agreement to contain a
Housing; landlord and tenants; 30-day notice of foreclosure of on Banking and Financial provision that a landlord must notify a tenant of any
property; require. Amends 1978 PA 454 (MCL 554.631 - Institutions on 3/18/2009 foreclosure actions being taken.
554.641) by adding sec. 10a.
HB 4273 of 2009 (Booher) Referred to House Committee Allows sales of foreclosed property to be made in
Liens; mortgages; public sale of property being foreclosed by on Intergovernmental and the office of the county sheriff. Under current law
advertisement; allow to be held in sheriff's office. Regional Affairs on 2/17/2009 the sales must take place in the office of the county
clerk.
PA 29 of 2009 (formerly HB 4453 of 2009) (Jackson) Assigned PA 0029'09, PA HB 4453-4455 is the foreclosure prevention
Civil procedure; foreclosure; mediation program for 0030'09 and PA 0031'09 with package being spearheaded by Rep. Andy
mortgages of certain residential property that are in default; immediate effect on 5/26/2009; Coulouris and the House Dems to provide for a 90
create. Amends title & sec. 3204 of 1961 PA 236 (MCL Effective 7/5/2009 day workout period in an effort to modify loans and
600.3204) & adds sec. 3205. TIE BAR WITH: HB 4454'09, avoid foreclosure. [MCUL ACTION TAKEN -
HB 4455'09. Submitted four support letters, three to House
Banking Committee on 2/26/2009, 3/5/2009 and
3/11/2009 and one to the Senate Banking
Committee on 3/18/2009. For letters go to:
PA 30 of 2009 (fomerly HB 4454 of 2009) (Coulouris) http://www.mcul.org/Letters_to_Lawmakers_2131.h
Civil procedure; foreclosure; mediation program for On June 29, MCUL hosted a Foreclosure webinar
mortgages of certain residential property that are in default; to discuss the new requirements for the Mortgage
create. Amends 1961 PA 236 (MCL 600.101 - 600.9947) by Mediation law that is effective July 5. A borrower is
adding secs. 3205a & 3205b. TIE BAR WITH: HB 4453'09, eligible for a loan modification under the Act if a
HB 4455'09. combination of adjustments to the interest rate
PA 31 of 2009 (formerly HB 4455 of 2009) (Johnson) and/or loan term, a deferral of some portion of the
principal, or a reduction or elimination of late fees
can lower the borrower's housing-related debt to
Last Updated: 10/4/2012 Page 6
income ratio to 38%. For more information, click
here.]
eligible for a loan modification under the Act if a
combination of adjustments to the interest rate
and/or loan term, a deferral of some portion of the
Civil procedure; foreclosure; mediation program for principal, or a reduction or elimination of late fees
mortgages of certain residential property that are in default; can lower the borrower's housing-related debt to
create. Amends 1961 PA 236 (MCL 600.101 - 600.9947) by income ratio to 38%. For more information, click
adding secs. 3205c, 3205d & 3205e & repeals secs. 3205a to here.]
3205d of 1961 PA 236 (MCL 600.3205 et seq.). TIE BAR
WITH: HB 4453'09, HB 4454'09
Housing HB 4142 of 2009 (Jackson) Referred to House Committee Requires registration and maintenance of vacant
Property; other; requirements for maintenance of vacant on Urban Policy on 2/4/2009 property. [MCUL ACTION TAKEN - Submitted
property; enhance. Amends title & secs. 2a, 123, 125, 132, comment call letter on 5/18/2009; Contacted Rep.
134, 141 & 141a of 1917 PA 167 (MCL 125.402a et seq.). Leland's office, they don’t see much action being
taken at all on HB 4142.] For letters go to:
http://www.mcul.org/Legislative_Comment_Calls_1
636.html
HB 4758 of 2009 (Donigan) Referred to Senate Committee The bill would remove an improperly drafted
Housing; other; supportive housing property; revise certain on Finance on 5/6/2009 enacting section, and allow PA 456 of 2008 - one of
enacting sections. Repeals enacting section 1 of 2008 PA three laws to create a supportive housing program
456. for needy residents - to go into effect.
Securities HB 4616 of 2009 (Neumann) Referred to House Committee Amends the Uniform Securities Act to include
Trade; securities; variable annuities; regulate as securities. on Senior Health, Security, and variable annuity contracts. [MCUL ACTION TAKEN
Amends sec. 102c of 2008 PA 551 (MCL 451.2102c). Retirement on 3/18/2009 - MCUL met with the bill sponsor, who chairs the
committee, to assess affect on credit unions -
doesn't see much action being taken on HB 4616.]
Identity HB 4732 of 2009 (Valentine) Referred to Senate Committee HB 4732 is similar to HB 6102 from last session
Theft Identity theft; consumer protection; identity theft prevention on Judiciary on 9/10/2009 which requires certain financial institutions to
programs by employers; require. Amends 2004 PA 452 (MCL establish a written identity theft prevention program.
445.61 - 445.77) by adding sec. 12c. TIE BAR WITH: HB Credit unions are exempt. HB 4734 is similar to HB
4729'09, HB 4730'09, HB 4731'09, HB 4733'09, HB 4734'09. 6105 from 2008 which provides that disposal of any
data from a database which included any
HB 4734 of 2009 (Dean) unencrypted, unredacted personal information
Identity theft; consumer protection; personal identifying would have to be destroyed. HB 4732 and 4734
information contained in databases; regulate disposal of. are Tie-Barred to HB 4729-4734. [MCUL ACTION
Amends sec. 12a of 2004 PA 452 (MCL 445.72a). TIE BAR TAKEN - Submitted testimony card on HB 4732 on
WITH: HB 4729'09, HB 4730'09, HB 4731'09, HB 4732'09, 7/14/2009, neutral.]
HB 4733'09.
SB 0717 of 2009 (Garcia) Referred to Senate Committee Would create the information security program
on Homeland Security and standard act to establish that a person or business
Emerging Technologies on is immune from civil liability for any damages
8/5/2009 resulting from unauthorized access to information,
if a comprehensive written information security
Last Updated: 10/4/2012 program based on industry standards is Page 7
established.
Referred to Senate Committee Would create the information security program
Identity theft; data security; Michigan information security on Homeland Security and standard act to establish that a person or business
program standards act; create. Creates new act. Emerging Technologies on is immune from civil liability for any damages
8/5/2009 resulting from unauthorized access to information,
if a comprehensive written information security
program based on industry standards is
established.
Property SB 0471 of 2009 (Sanborn) Referred to Senate Committee Requires a lender that sells previously foreclosed
Tax Property tax; assessments; sales ratio studies; require report on Finance on 4/28/2009 real property to submit a statement describing that
regarding certain foreclosure sales. Amends sec. 27 of 1893 sale. If the lender fails to submit the statement
PA 206 (MCL 211.27). within 45 days of the date of sale the lender is
subject to a fee up to $200. A report is provided by
the assessor for sale of all foreclosures. [MCUL
ACTION TAKEN - Submitted comment call letter on
5/18/2009. Met with Sen. Sanborn's staff on
6/22/2009.] For letter go to:
SB 0472 of 2009 (Sanborn)
Property tax; assessments; sales ratio studies; require report http://www.mcul.org/Legislative_Comment_Calls_1
regarding certain foreclosure sales. Amends sec. 27 of 1893 636.html
PA 206 (MCL 211.27).
SJR H (S-1) of 2009 (Pappageorge) Referred to House Committee Would amend the State Constitution to require the
Property tax; assessments; taxable value; limit increase when on Tax Policy on 3/18/2009 Legislature to provide that if a property's assessed
market value decreases. Amends sec. 3, art. IX of the state value had decreased, adjusted for additions and
constitution. losses, the property's taxable value in the following
year would be the property's taxable value in the
preceding year of the property's assesed value,
whichever was less. Would apply for taxes levied
after 2009. Requires a 2/3 vote.
SJR I of 2009 (McManus) Referred to Senate Committee Would amend the State Constitution to limit the
Property tax; assessments; limitation on taxable value based on Finance on 3/25/2009 increase in taxable value of real property under
on change in SEV; amend constitution to provide for. Amends certain cicumstances.
sec. 3, art. IX of the state constitution.
HB 4323 of 2009 (Spade) Referred to House Committee Bill eliminates the May 1st filing deadline for
Property tax; principal residence exemption; filing deadline for on Tax Policy on 2/18/2009 property in foreclosure.
homestead property tax exemptions for individuals
purchasing foreclosed homes; revise. Amends sec. 7cc of
1893 PA 206 (MCL 211.7cc).
HB 4676 of 2009 (Kurtz) Referred to House Committee A bill to consider exempting nonprofit housing
Property tax; exemptions; certain eligible nonprofit housing on Tax Policy on 3/24/2009 property from property taxes.
property; exempt for certain period. Amends sec. 7kk of 1893
PA 206 (MCL 211.7kk).
HB 4682 of 2009 (Johnson) Re-referred to House Would ban the foreclosure of homes of senior
Committee on Urban Policy on citizens or persons with disabilities for delinquent
Last Updated: 10/4/2012 4/29/2009 taxes. Page 8
Re-referred to House Would ban the foreclosure of homes of senior
Property tax; delinquent taxes; foreclosure on senior citizen's Committee on Urban Policy on citizens or persons with disabilities for delinquent
or handicapped person's home for delinquent taxes; prohibit. 4/29/2009 taxes.
Amends 1893 PA 206 (MCL 211.1 - 211.155) by adding sec.
70d.
EITC HB 4514 (H-1) of 2009 (Lahti) Referred to Senate Committee Bill provides that in order to qualify for the EITC, a
Income tax; credit; eligibility for state earned income tax of the Whole on 6/9/2009 person must be a resident of the state for at least 6
credit; require taxpayer to be resident for at least 6 months. months.
Education HB 4410 of 2009 (Sheltrown) Referred to Senate Committee Would put financial literacy on equal footing with
Education; curricula; general diploma curriculum as on Education on 9/9/2009 albegra II so a student could chose between
alternative for high school graduation; provide for. Amends algebra II, a financial literacy course or a career
secs. 1278a, 1278b & 1280 of 1976 PA 451 (MCL 380.1278a and technical course as their 3rd math credit in high
et seq.) & adds sec. 1278c. school, bypassing algebra II altogether. Financial
literacy could still be applied as the 4th credit, if it is
not used as the 3rd credit.
Consumer SB 0189 of 2009 (Thomas) Referred to Senate Committee Would require providers of tax refund anticipation
Protection on Banking and Financial loans to disclose various items to customers.
Consumer credit; other; tax refund anticipation loans; require Institutions on 2/24/2009
disclosures and prohibit certain practices. Creates new act.
SB 0200 of 2009 (Patterson) Referred to Senate Committee Would require banks and other financial institutions
Consumer protection; unfair trade practices; disclosure of on Banking and Financial to disclose in advance the fees charged to a
fees, charges, and interest rates for financial services; Institutions on 2/5/2009 consumer who starts an account, takes a loan or
require. Amends sec. 3 of 1976 PA 331 (MCL 445.903). acquires other financial services.
SB 0234 of 2009 (Patterson) Referred to Senate Committee Requires a firm offering credit to a consumer to
Consumer protection; unfair trade practices; fees or bonuses on Economic Development and disclose if the employee arranging the credit gets a
paid to employee if consumer completes a credit application; Regulatory Reform on fee or bonus for doing so.
require disclosure. Amends sec. 3 of 1976 PA 331 (MCL 2/17/2009
445.903).
SB 0235 of 2009 (Patterson) Requires a firm offering credit to a consumer to
Consumer protection; unfair trade practices; consumer credit disclose contact information for any complaints or
solicitations; require name, address, and contact information to obtain independent data about the firm's credit
for consumer complaints. Amends sec. 3 of 1976 PA 331 practices.
(MCL 445.903).
SB 0236 of 2009 (Patterson) If a consumer notifies a consumer reporting agency
about an error in their credit report and the agency
does not investigate it, the agency could get fined.
Last Updated: 10/4/2012 Page 9
If a consumer notifies a consumer reporting agency
Consumer credit; credit reports and reporting agencies; about an error in their credit report and the agency
information in credit report; require resolution of errors does not investigate it, the agency could get fined.
reported by consumer. Amends secs. 3 & 5 of 1976 PA 331
(MCL 445.903 & 445.905).
PA 66 of 2009 (formerly HB 4166 of 2009) (Tlaib) Assigned PA 0066'09 and HB 4166 and 4607 would create two new acts to
Consumer credit; other; tax refund anticipation loans; require 0067'09 with immediate effect require certain information to be disclosed to a
disclosures and prohibit certain practices. Creates new act. on 7/14/2009 customer before an application for a refund
anticipation loan was completed and prior to
entering into a loan agreement. Credit unions are
exempt. Companion bills. [MCUL ACTION TAKEN
- Submitted support letter to the House Banking
and Financial Services Committee on 3/19/2009.
Submitted testimony card on 6/24/2009 in support
of the bills.] For letters go to:
PA 67 of 2009 (HB 4607 of 2009) (Johnson)
Consumer credit; other; tax refund anticipation loans; require http://www.mcul.org/Letters_to_Lawmakers_2131.h
disclosures and prohibit certain practices. tml
HB 4528 of 2009 (J. Switalski) Referred to House Committee The bill would provide that use of a credit history
Labor; fair employment practices; use of credit history in the on Labor on 3/10/2009 would be prohibited during the hiring process.
hiring process; prohibit. Creates new act. Credit unions are exempt. Similar to HB 4887 from
previous session.
HB 4618 of 2009 (Huckleberry) Referred to Senate Committee Increases penalties in some circumstances for the
Crimes; embezzlement; penalties for financial exploitation of on Judiciary on 8/27/2009 financial exploitation of vulnerable adults. House
vulnerable adults; increase under certain circumstances. Bill 4727 would put the new felonies in the Code of
Amends sec. 174a of 1931 PA 328 (MCL 750.174a). Criminal Procedures.
HB 4989 of 2009 (H-2) (Rocca) Referred to Second Reading in Would impose new regulations on auto loan
Consumer protection; retail installment sales; sales of the House on 8/19/2009 “guaranteed asset protection waivers” that are
guaranteed asset protection waivers to installment buyers of offered or provided in connection with finance
certain vehicles; regulate. Creates new act. TIE BAR WITH: agreements for certain motor vehicles. The bill
HB 4990'09, HB 4991'09, HB 4992'09. would also mandate a 30 day right of rescission
HB 4990 of 2009 (H-1) (Johnson) period if a buyer changes his or her mind, without
penalties, fees or costs to the borrower. The
Consumer protection; retail installment sales; guaranteed waiver contract would have to be listed as a
asset protection waivers in certain installment sale contracts separate item and not wrapped into the total charge
for vehicles; exclude from insurance code. Amends 1956 PA or interest. The new law would not be subject to
218 (MCL 500.100 - 500.8302) by adding sec. 127. TIE BAR the State Insurance Code. HB 4989-4992 are Tie-
WITH: HB 4989'09, HB 4991'09, HB 4992'09. Barred.
HB 4991 of 2009 (Johnson)
Last Updated: 10/4/2012 Page 10
the State Insurance Code. HB 4989-4992 are Tie-
Barred.
Consumer protection; retail installment sales; guaranteed
asset protection waivers in installment sales contracts for
certain vehicles; allow under motor vehicle sales finance act.
Amends sec. 13 of 1950 (Ex Sess) PA 27 (MCL 492.113).
TIE BAR WITH: HB 4989'09, HB 4990'09, HB 4992'09.
HB 4992 of 2009 (Melton)
Consumer protection; retail installment sales; guaranteed
asset protection waivers in installment sales contract for
certain vehicles; allow under retail installment sales act.
Amends sec. 3 of 1966 PA 224 (MCL 445.853). TIE BAR
WITH: HB 4989'09, HB 4990'09, HB 4991'09.
HB 5187 of 2009 (Neumann) Referred to House Committee Requires financial institutions to report cases of
Human services; other; mandatory reporting of suspected on Senior, Health, Security, and suspected financial exploitation. HB 5193 is a
financial exploitation of certain adults; require of financial Retirement on 7/14/2009 reintroduction of HB 5728 from 2007.
institutions.
HB 5193 of 2009 (Roberts)
Human services; other; definition of abuse of vulnerable adult;
expand to include financial exploitation.
Campaign HB 4284 of 2009 (Miller) Re-referred to House Would eliminate a requirement that employees
Finance Campaign finance; contributions and expenditures; annual Committee on Ethics and affirm annually that they want paycheck deductions
signature requirement for political action committee checkoff Elections on 4/22/2009 to go into a union or corporate PAC. [MCUL
for payroll deductions; eliminate. ACTION TAKEN - Submitted testimony card on
7/14/2009, in support.]
HB 4997 of 2009 (Geiss) Referred to House Committee Would increase the reporting threshold to $20 and
Campaign finance; contributions and expenditures; general on Ethics and Elections on clarifies procedure if Attorney General is involved.
amendments; provide for. 5/26/2009 [MCUL ACTION TAKEN - Submitted testimony
card on 7/14/2009, in support.]
Vehicles, SB 0201 (S-2) of 2009 (Sanborn) Referred to House Committee The bill would exclude from the sales tax the
Taxation Sales tax; collections; sales tax on difference between trade- on Tax Policy on 3/12/2009 agreed-upon value of certain items that were
in and purchase price of new or used car or boat; provide for. separately stated on the invoice, bill or sale, or
Amends sec. 1 of 1933 PA 167 (MCL 205.51). similar document given to the purchaser. The S-2
version adds snowmobiles, recreational vehicles,
and construction vehicles. [MCUL ACTION TAKEN
- Submitted support letter to the Senate Tax Policy
Committee on 3/12/2009.] For letters go to:
Last Updated: 10/4/2012 Page 11
http://www.mcul.org/Letters_to_Lawmakers_2131.h
tml
SB 0377 of 2009 (C. Brown) Referred to Senate Committee To qualify, the purchased vehicle must have a fuel
Income tax; credit; 1-year tax credit for purchase of certain on Finance on 3/12/2009 economy rating of at least 20 MPG.
new vehicles; provide for.
HB 4152 of 2009 (Corriveau) Referred to House Committee Would exempt from sales tax the value of a trade-
Sales tax; collections; sales tax on difference between trade- on Tax Policy on 2/5/2009 in on the purchase of a new motor vehicle. The
in and purchase price for privately sold vehicles; provide for. buyer would only pay sales tax on the difference
Amends sec. 1 of 1933 PA 167 (MCL 205.51). between the value of the trade-in vehicle and the
HB 4208 of 2009 (Pearce) Referred to House Committee For a 30-day period, sales tax on new motor vehicle
Sales tax; collections; sales tax on difference between trade- on Tax Policy on 2/5/2009 sales would be suspended.
in and purchase price; provide for. Amends sec. 1 of 1933 PA
167 (MCL 205.51).
HB 4524 of 2009 (Polidori) Referred to House Committee Would grant a $1000 refundable income tax credit
Income tax; credit; tax incentive for purchase of certain new on Tax Policy on 3/10/2009 to a person who buys a new car from GM, Chrysler
motor vehicles; provide for. or Ford.
HB 4564 of 2009 (Hildenbrand) Referred to House Committee Would authorize a 30 day sales tax holiday on the
Sales tax; exemptions; sales tax on new vehicle purchase; on Tax Policy on 3/10/2009 sale of new vehicles.
exempt for certain period of time.
HB 4605 of 2009 (Kowall) Referred to House Committee Eliminates the use of rebates in calculation of sales
Sales tax; exemptions; sales tax levied on rebates of on Tax Policy on 3/17/2009 tax.
automobile purchases; eliminate.
HB 4679 of 2009 (Haugh) Referred to House Committee Would grant a $1000 refundable income tax credit
Income tax; credit; tax incentive for the purchase of certain on Tax Policy on 3/25/2009 to a person who buys a new vehicle that was made
new vehicles; provide for. Amends 1967 PA 281 (MCL 206.1 - in the U.S.
206.532) by adding sec. 254.
HB 4701 of 2009 (Horn) Referred to House Committee Would authorize a stat income tax deduction for
Income tax; deductions; qualified motor vehicle interest; on Tax Policy on 3/25/2009 interest paid on a new vehicle purchase.
provide for.
HB 4702 of 2009 (Crawford) Referred to House Committee Would authorize a refundable income tax credit for
Income tax; credit; credit for sales tax paid for the purchase of on Tax Policy on 3/25/2009 sales tax paid on a new vehicle purchased in 2009
a new motor vehicle; provide for. and 2010.
HB 4703 of 2009 (Horn) Referred to House Committee Would exempt from sales tax the value of a trade-
Sales tax; collections; sales tax on difference between trade- on Tax Policy on 3/25/2009 in on the purchase of a new motor vehicle, and the
in or rebate and purchase price of new vehicle; provide for. value of any new vehicle rebate.
HB 4800 of 2009 (Proos) Referred to House Committee Would exempt from sales tax the value of a trade-
Sales tax; exemptions; exempt trade-in value for purchase of on Tax Policy on 4/21/2009 in on the purchase of a new alternative energy
new alternative energy vehicle; provide for. Amends sec. 1 of vehicle.
1933 PA 167 (MCL 205.51).
HB 4825 of 2009 (Meltzer) Referred to House Committee Would exempt the sale of new motor vehicles from
on Tax Policy on 4/22/2009 the sales tax in 2009 and 2010.
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Referred to House Committee Would exempt the sale of new motor vehicles from
Sales tax; exemptions; sales tax on new vehicle purchase; on Tax Policy on 4/22/2009 the sales tax in 2009 and 2010.
exempt for certain period of time. Amends 1933 PA 167 (MCL
205.51 - 205.78) by adding sec. 4ff.
Resolutions SR 0033 of 2009 (Richardville) Adopted on 4/1/2009
A resolution declaring April 2009 as Financial Literacy for
Youth Month in the state of Michigan.
HR 0029 of 2009 (J. Switalski) Referred to House Committee
A resolution to express support for community banks in on Banking and Financial
Michigan and to urge federal action to promote Michigan's Services on 2/19/2009
banking industry.
HR 0035 of 2009 (Lemmons) Referred to House Committee
A resolution to memorialize the Congress of the United States on Banking and Financial
to create the Homeowners and Bank Protection Act. Services on 2/26/2009
HR 0064 of 2009 (Coulouris) Adopted on 3/31/2009
A resolution recognizing April 2009 as Financial Literacy for
Youth Month in the state of Michigan.
HR 0068 of 2009 (Bolger) Adopted on 4/1/2009
A resolution to encourage Michigan's public schools to
participate in Junior Achievement programs, and declare April
to be Junior Achievement Financial Literacy Month in the
state of Michigan.
HR 0089 of 2009 (Scripps) Adopted on 4/30/2009
A resolution to memorialize Congress to enact the Credit
Cardholders' Bill of Rights Act.
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