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					                                         MCUL STATE LEGISLATIVE TRACKING 2009-2010
    Issue                             Bill Description                                   Status                                Background
 Operations, SB 0008 of 2009 (Gleason)                                       Referred to Senate           Amends the Banking Code of 1999 to prohibit a
Technology & Financial institutions; banks; location of branches or ATM's    Committee on Banking and     bank from establishing an ATM near or on the
  Security   near commercial affiliates; restrict. Amends the Banking Code   Financial Institutions on    premises of an affiliate that engages in commercial
             of 1999.                                                        1/14/2009                    activities.
             SB 0717 of 2009 (Garcia)                                        Referred to Senate           Would establish that a person or business is
             Identity theft; data security; Michigan information security    Committee on Homeland        immune from civil liability for any damages resulting
             program standards act; create. Creates a new act.               Security and Emerging        from unauthorized access to information, if a
                                                                             Technologies on 8/5/2009     comprehensive written information security
                                                                                                          program based on industry standards is
                                                                                                          established.
               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, variable annuity contracts. Sen. Whitmer introduced
               Amends sec. 102c of 2008 PA 551 (MCL 451.2102c).               and Retirement on 3/18/2009 SB 900'09 on 10/14/09 that mirrors HB 4616.
                                                                                                          [MCUL ACTION TAKEN - 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.]
               HB 4732 of 2009 (Valentine)                                    Referred to Senate          HB 4732 is similar to HB 6102 from last session
               Identity theft; consumer protection; identity theft prevention Committee on Judiciary on   which requires certain financial institutions to
               programs by employers; require. Amends 2004 PA 452 (MCL 9/10/2009                          establish a written identity theft prevention program.
               445.61 - 445.77), the Identity Theft Protection Act by adding                              Credit unions are exempt. HB 4734 is similar to HB
               sec. 12c.                                                                                  6105 from 2008 which provides that disposal of any
                                                                                                          data from a database which included any
                                                                                                          unencrypted, unredacted personal information
               HB 4734 of 2009 (Dean)                                                                     would have to be destroyed. HB 4732 and 4734
               Identity theft; consumer protection; personal identifying                                  are Tie-Barred to HB 4729-4734. [MCUL ACTION
               information contained in databases; regulate disposal of.                                  TAKEN - Submitted testimony card on HB 4732 on
               Amends sec. 12a of 2004 PA 452 (MCL 445.72a), the Identity                                 7/14/09, neutral.]
               Theft Protection Act.
               HB 5821 of 2010 (Scripps) (H-1)                               Referred to Full House on      This bill would allow employers to require
                                                                             5/6/2010                       employees to receive wages by either direct deposit
                                                                                                            or a payroll debit card, if the employer follows
                                                                                                            certain requirements. The bill would also allow for
                                                                                                            employees to have at least one withdrawal or
                                                                                                            transfer per pay period without charge for any
                                                                                                            amount the employee elects up to the balance
                                                                                                            accessible through the card. [MCUL ACTION
                                                                                                            TAKEN - Sent comment call letter on 2/2/10,
                                                                                                            submitted neutal testimony card on substitute on
   Last Updated: 11/13/2010                                                                                 5/6/10]. To view the letter and Issue Brief, please
                                                                                                                                                         Page 1
                                                                                                            go to:
                                                                            Referred to Full House on         This bill would allow employers to require
              Labor; hours and wages; payroll debit card; revise            5/6/2010                          employees to receive wages by either direct deposit
              requirements for issuing.                                                                       or a payroll debit card, if the employer follows
                                                                                                              certain requirements. The bill would also allow for
                                                                                                              employees to have at least one withdrawal or
                                                                                                              transfer per pay period without charge for any
                                                                                                              amount the employee elects up to the balance
                                                                                                              accessible through the card. [MCUL ACTION
                                                                                                              TAKEN - Sent comment call letter on 2/2/10,
                                                                                                              submitted neutal testimony card on substitute on
                                                                                                              5/6/10]. To view the letter and Issue Brief, please
                                                                                                              go to:
                                                                                                              http://www.mcul.org/Legislative_Affairs_506.html

 Taxation & SB 0201 (S-2) of 2009 (Sanborn)                                  Referred to House Committee      The bill would exclude from the sales tax the
Legal Affairs 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 3/12/09.] For letters go to:

                                                                                                        http://www.mcul.org/Letters_to_Lawmakers_2131.h
                                                                                                        tml
              HB 5527 of 2009 (Meadows)                                     Referred to House Committee This bill would extend the state sales tax to
              Sales tax; other; sales tax on services; implement.           on Tax Policy on 10/21/2009 services. The tax would be five percent of the
                                                                                                        “gross proceeds” paid by a consumer to a provider
                                                                                                        for a service. Nonprofits and business-to-business
                                                                                                        services are exempt for now. This bill is Tie-Barred
                                                                                                        to HJR KK and HB 5529'09 which is Tie-Barred to
                                                                                                        HB 5527 and 5528'09. HB 5528 would amend the
                                                                                                        Use Tax Act and HB 5529 would repeal the MBT
                                                                                                        surcharge. [MCUL ACTION TAKEN - Met with bill
                                                                                                        sponsor].
              HJR KK of 2009 (Meadows)                                      Referred to House Committee HJR KK would have to be approved by voters in the
              Sales tax; rate; lower sales and use tax rate and apply sales on Tax Policy on 10/21/2009 next election and would expand the state sales tax
              tax to services; amend constitution to provide for. Amends                                to services and lower the rate to 5 percent.
              secs. 8, 10 & 11, art. IX of the state constitution.
              HB 5846 of 2010 (J. Stamas)                                       Referred to House Committee   Under this legislation, a property that is reverted
              Property tax; principal residence exemption; eligibility to claim on Tax Policy on 2/18/2010    back to a bank, credit union, or other lending
              exemption on certain homes in foreclosure; clarify. Amends                                      institution after foreclosure, would stay a principal
              sec. 7dd of 1893 PA 206 (MCL 211.7dd).                                                          residence for three years, if that property qualified
                                                                                                              as a principal residence prior to foreclosure.
  Last Updated: 11/13/2010                                                                                                                               Page 2
           HB 5419 of 2009 (Meadows)                                    Referred to House Committee    The use or consumption of certain intrastate and
           Use tax; collections; definition of interstate               on Tax Policy on 9/17/2009     interstate telecommunications services are taxed
           telecommunications services; expand to include international                                under the Use Tax Act in the same manner as
           services.                                                                                   tangible personal property, however some services
                                                                                                       are excluded from taxation. HB 5419 would amend
                                                                                                       the Use Tax Act to impose the use tax on intrastate
                                                                                                       fixed wireless service and 800 service, which are
                                                                                                       currently excluded. It would also impose the use tax
                                                                                                       on interstate or international private
                                                                                                       communications service, fixed wireless service,
                                                                                                       and 800 service.
           HB 5810 of 2010 (Wheeler Smith)                             Referred to House Committee     Would expand the sales tax to include consumer
           Use tax; other; application of use tax to certain services; on Tax Policy on 2/16/2010      services, and reduce the sales tax rate to 5.5
           provide for, and lower rate. Amends secs. 3 & 20 of 1937 PA                                 percent. Reportedly the net effect of these changes
           94 (MCL 205.93 & 205.110) & adds sec. 3g.                                                   would be to extract $900 million more from
                                                                                                       taxpayers (other reports suggest $1.3 billion).

           SB 0471 of 2009 (Sanborn)                                      Referred to Senate           Requires a lender that sells previously foreclosed
           Property tax; assessments; sales ratio studies; require report Committee on Finance on      real property to submit a statement describing that
           regarding certain foreclosure sales. Amends sec. 27 of 1893 4/28/2009                       sale. If the lender fails to submit the statement
           PA 206 (MCL 211.27), the General Property Tax Act.                                          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
                                                                                                       5/18/09. Met with Sen. Sanborn's staff on 6/22/09.]
           SB 0472 of 2009 (Sanborn)                                                                   For letter go to:
           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), the General Property Tax Act.

           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         Would amend the State Constitution to limit the
                                                                            Committee on Finance on    increase in taxable value of real property under
                                                                            3/25/2009                  certain cicumstances.

Last Updated: 11/13/2010                                                                                                                         Page 3
                                                                                Referred to Senate             Would amend the State Constitution to limit the
             Property tax; assessments; limitation on taxable value based       Committee on Finance on        increase in taxable value of real property under
             on change in SEV; amend constitution to provide for. Amends        3/25/2009                      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
             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.
             HB 6106 of 2010 (DeShazor)                                         Referred to House Committee Would amend the MBT to change the amount of
             Michigan business tax; financial institutions; franchise tax       on Tax Policy on 5/4/2010   franchise tax imposed on the tax base of a financial
             rate; reduce. Amends sec. 263 of 2007 PA 36 (MCL                                               institution. For tax years that begin after Dec. 31,
             208.1263). TIE BAR WITH: HB 5249'09, HB 6103'10, HB                                            2007 and before Jan 1, 2011 it would be .235% and
             6104'10, HB 6105'10, HB 6107'10, HB 6108'10, HB 6109'10,                                       for tax years that begin after Dec. 31, 2010 it would
             HB 6110'10, HB 6111'10, HB 6112'10, HB 6113'10, HB                                             be .20%.
             6114'10, HB 6115'10, HB 6116'10, HB 6117'10, HB 6118'10,
             HB 6119'10

Consumer & HB 4585 of 2009 (Melton)                                             Referred to House Committee HB 4585-4593 is the predatory lending package
 Business  Consumer credit; predatory lending; general revision to              on Banking and Financial    reintroduced from last session. The bills would
 Lending   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. Amends                                       out a loan if the borrower isn't reasonably
           the Consumer Mortgage Protection Act.                                                            determined to be able to pay it back and giving out
                                                                                                            a high-cost home loan without documenting
             HB 4586 of 2009 (Angerer)
                                                                                                            whether a borrower received counseling on the
             Consumer credit; predatory lending; general revision to
                                                                                                            advisability of that loan. Credit unions and their
             consumer mortgage protection act; revise provisions
                                                                                                            operating subsidiaries are exempt from the
             concerning notices and disclosures.
                                                                                                            legislation in HB 4592. HB 4585-4593 are Tie-
             HB 4587 of 2009 (J. Switalski)                                                                 Barred.
             Consumer credit; predatory lending; general revision to
             consumer mortgage protection act; prohibit certain lending
             practices.
             HB 4588 of 2009 (Leland)


  Last Updated: 11/13/2010                                                                                                                               Page 4
              Consumer credit; predatory lending; general revision to
              consumer mortgage protection act; revise references to home
              loans in local preemption provisions.
              HB 4589 of 2009 (Valentine)
              Consumer credit; predatory lending; general revision to
              consumer mortgage protection act; prescribe civil sanctions
              and penalties.
              HB 4590 of 2009 (Young)
              Consumer credit; predatory lending; general revision to
              consumer mortgage protection act; revise authority of OFIS
              commissioner.
              HB 4591 of 2009 (Ebli)
              Consumer credit; predatory lending; general revision to
              consumer mortgage protection act; general applicability of
              act.
              HB 4592 of 2009 (Simpson)
              Consumer credit; predatory lending; general revision to
              consumer mortgage protection act; revise title and general
              definitions.

              HB 4593 of 2009 (Corriveau)
              Consumer credit; predatory lending; general revision to
              consumer mortgage protection act; revise claims and
              defenses in civil actions.

              HB 6159 of 2010 (Lindberg)                                       Referred to House Committee    Changes the name of Off Road Vehicles to Off
              Vehicles; off-road; off-road vehicle legislation; modify.        on Tourism, Outdoor            Highway Vehicles (OHV) and revises various
                                                                               Recreation and Natural         details in the system of registration and titles of
                                                                               Resources on 5/12/2010         OHVs, including allowing the SOS to require the
                                                                                                              applicant to file a properly executed surety bond in
                                                                                                              the amount determined by the SOS.

Real Estate   PA 59 of 2009 (formerly HB 4743 of 2009) (Booher)                  Assigned PA 58 and 59 of      Allows banks to have a 12 month time period for
Lending &     Financial institutions; banks; time period for writing off certain 2009 with immediate effect on writing off bad debt. Credit unions already have 12
Collections   bad debt; modify. Amends sec. 4205 of 1999 PA 276 (MCL             7/14/2009                     months. Companion bills.
              487.14205).
              PA 58 of 2009 (formerly 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).
              HB 4142 of 2009 (Jackson)                                        Referred to House Committee Requires registration and maintenance of vacant
                                                                               on Urban Policy on 2/4/2009 property. [MCUL ACTION TAKEN - Submitted
  Last Updated: 11/13/2010                                                                                                                           Page 5
                                                                                                           comment call letter on 5/18/09; Contacted Rep.
                                                                                                           Leland's office, they don’t see much action being
                                                                            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 5/18/09; 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             The bill would remove an improperly drafted
           Housing; other; supportive housing property; revise certain      Committee on Finance on        enacting section, and allow PA 456 of 2008 - one of
           enacting sections. Repeals enacting section 1 of 2008 PA         5/6/2009                       three laws to create a supportive housing program
           456.                                                                                            for needy residents - to go into effect.
           SB 0332 of 2009 (Jelinek) (S-4)                                  Referred to House Committee Would specifically allow an affidavit to correct
           Property; other; affidavits to correct errors or omissions       on Judiciary on 3/17/2010    errors or omissions in previously recorded
           relating to previously recorded documents; allow. Amends                                      documents, including errors relating to the proper
           1915 PA 123 (MCL 565.451a - 565.453) by adding sec. 1d.                                       place of recording and scrivener's errors or
                                                                                                         omissions, to be recorded in the office of register of
                                                                                                         deeds for the county where the real property that
                                                                                                         was the subject of the affidavit was located.
           HB 5313 of 2009 (Nathan)                                         Presented to the Governor on Amends the Occupational Code to revise the
           Occupations; real estate; board of real estate appraisers;       6/2/2010                     qualifications for members of the Michigan Board of
           revise. Amends sec. 2603 of 1980 PA 299 (MCL 339.2603).                                       Real Estate Appraisers. HB 5313 allows a member
                                                                                                         to be an employee of a financial institution but does
                                                                                                         not require it. [MCUL ACTION TAKEN - Turned in
                                                                                                         neutral testimony card on 2/10/10].

           SB 0610 of 2009 (Allen)                                          Referred to Full House on   Would authorize commercial real estate brokers to
           Liens; other; commercial real estate broker's lien act; enact.   5/26/2010                   place a lien on commercial property for any sale or
           Creates new act.                                                                             lease commissions they are owed. The bill
                                                                                                        establishes conditions and procedures.
           HB 5417 of 2009 (Wheeler Smith)                                  Referred to House Committee Would reduce the bad debt deduction available to
           Use tax; credits and deductions; bad debt deduction from         on Tax Policy on 9/17/2009  sellers in the sales and use tax acts from 100
           gross proceeds; reduce. Amends sec. 9a of 1937 PA 94                                         percent to 80 percent. This would apply for months
           (MCL 205.99a).                                                                               beginning after September 30, 2009. Under both
                                                                                                        the Use Tax Act and the General Sales Tax Act,
                                                                                                        firms are allowed a deduction for the amount of bad
                                                                                                        debt incurred. Generally, bad debt is any debt that
           HB 5418 of 2009 (Wheeler Smith)                                  Referred to House Committee has become worthless and uncollectible and is
           Sales tax; credits and deductions; bad debt deduction from       on Tax Policy on 9/17/2009  charged off as such on the books and records of
           gross proceeds; reduce. Amends sec. 4i of 1933 PA 167                                        the seller. To qualify for the deduction, the bad
           (MCL 205.54i).                                                                               debt must be eligible to be a deduction for federal
                                                                                                        income tax purposes under the federal Internal
                                                                                                        Revenue Code.
           SB 1288 of 2010 (Richardville)                                   Referred to Senate          Would enact the uniform debt-management
                                                                            Committee on Banking and    services act, to regulate the business of debt
Last Updated: 11/13/2010                                                    Financial Institutions on                                               Page
                                                                                                        management, require registration and establish6
                                                                            4/27/2010                   fess, provide for the powers and duties of certain
                                                                         Referred to Senate              Would enact the uniform debt-management
              Consumer credit; other; uniform debt-management services Committee on Banking and          services act, to regulate the business of debt
              act; enact. Creates new act & repeals 1975 PA 148 (MCL     Financial Institutions on       management, require registration and establish
              451.411 - 451.437).                                        4/27/2010                       fess, provide for the powers and duties of certain
              SB 1289 of 2010 (Thomas)                                                                   state officers and entities, to provide remedies, and
              Consumer credit; other; enactment of uniform debt-                                         to repeal acts and parts of acts. SB 1291 would
              management services act; make conforming change to credit                                  amend the Michigan Credit Union Act to alter the
              services protection act. Amends sec. 2 of 1994 PA 160 (MCL                                 definition of “debt management" to match up a
              445.1822). TIE BAR WITH: SB 1288'10                                                        definition used in SB 1288 (SB 1288 creates a new
                                                                                                         debt management act, which will regulate debt
              SB 1290 of 2010 (Whitmer)                                                                  settlement companies).
              Consumer credit; other; enactment of uniform debt-
              management services act; make conforming change to
              consumer financial services act. Amends sec. 17 of 1988 PA
              161 (MCL 487.2067). TIE BAR WITH: SB 1288'10

              SB 1291 of 2010 (Nofs)
              Consumer credit; other; enactment of uniform debt-
              management services act; make conforming change to credit
              union act. Amends sec. 102 of 2003 PA 215 (MCL 490.102).
              TIE BAR WITH: SB 1288'10
              SB 1292 of 2010 (Sanborn)
              Consumer credit; other; enactment of uniform debt-
              management services act; eliminate sentencing guidelines for
              violation of repealed debt management act. Amends sec. 14j,
              ch. XVII of 1927 PA 175 (MCL 777.14j). TIE BAR WITH: SB
              1288'10
              HB 5640 of 2009 (Warren)                                     Referred to House Committee   The bills would create the "Property Assessed
              Energy; alternative sources; financing by loans from local   on Local, Urban and State     Clean Energy Act" or "PACE Act" authorizing local
              units of government; authorize and provide for issuance of   Affairs on 4/27/2010          unit of governments to establish programs to make
              bonds. Creates new act.                                                                    loans to private property owners in a specified
                                                                                                         district or districts for energy efficiency
                                                                                                         improvements or the installation of renewable
              HB 5663 of 2009 (Sheltrown)
                                                                                                         energy systems, as defined in the bill. The loans
              Local government; bonds; issuance of "green energy" bonds;
                                                                                                         would be repaid primarily through assessments on
              allow. Creates new act.
                                                                                                         the property under a contract between the local unit
                                                                                                         of government and the property owner.

  Audit &  PA 12 of 2009 (formerly SB 0379 of 2009) (Olshove)           Assigned PA 12-14 of 2009        SB 379-381 are clean up bills from mortgage loan
Compliance Financial institutions; loan officers; mortgage loan officer with immediate effect on         officer registration package from last session.
           registration requirements; require for consumer financial    4/21/2009; Effective 4/9/2009    Depositories, including credit unions and their
           service companies. TIE BAR WITH: SB 0380'09, SB 0381'09.                                      affiliates continue to be exempt. The three bills are
                                                                                                         Tie-Barred.
              PA 13 of 2009 (formerly SB 0380 of 2009) (Van Woerkom)

  Last Updated: 11/13/2010                                                                                                                          Page 7
                                                                                                             affiliates continue to be exempt. The three bills are
                                                                                                             Tie-Barred.

           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 75-78 of 2009            SB 462-465 codify the federal mandate of
           Financial institutions; loan officers; mortgage loan officer with immediate effect on             licensure/registration of loan officers. Employees of
           licensing; adopt statute that complies with federal SAFE act 8/5/2009                             depositories will not need to be licensed, but must
           requirements. Creates new act. TIE BAR WITH: SB 0463'09,                                          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
           PA 76 of 2009 (formerly SB 0463 of 2009) (T. Stamas)
                                                                                                             only Tie-Barred to SB 462. [MCUL ACTION TAKEN
           Financial institutions; mortgage brokers and lenders;
                                                                                                             - Submitted comment call letter on 4/23/09;
           mortgage brokers, lenders, and servicers licensing act;
                                                                                                             Submitted testimony card on 5/13/09 for SB 462,
           amend to comply with federal SAFE act requirements. The
                                                                                                             neutral on the bill.] For letters go to:
           act also corrects the reference in HB 4688/SB 709, 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)                                                http://www.mcul.org/Legislative_Comment_Calls_1
           Financial institutions; mortgage brokers and lenders;                                             636.html
           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.
           SB 0772 of 2009 (Kahn)                                              Referred to Senate          Prohibits banks from charging account inactivity
           Financial institutions; banks; account inactivity fees; prohibit.   Committee on Banking and    fees. Currenlty credit unions are not included under
           Amends sec. 4101 of 1999 PA 276 (MCL 487.14101), the                Financial Institutions on   this bill. [MCUL ACTION TAKEN - Met with bill
           Banking Code of 1999.                                               8/26/2009                   http://www.mcul.org/Legislative_Affairs_506.html
           SB 0779 of 2009 (Sanborn)                                           Referred to Senate          Requires a credit union to notify each account
           Financial institutions; credit unions; notice of withdrawal from    Committee on Banking and    holder within 48 hours if there was an error in
           account to correct error by credit union; require within 48         Financial Institutions on   dispensing money from a customer's account. This
           hours of withdrawal. Amends 2003 PA 215 (MCL 490.101 -              8/27/2009                   is one bill out of a four bill package. HB 778 and
           490.601) by adding sec. 413.                                                                    http://www.mcul.org/Legislative_Affairs_506.html
           HB 4065 of 2009 (J. Switalski)                                      Referred to House Committee Bills require disclosure of certain information for
                                                                               on Banking and Financial    home loans and high-cost home loans.
                                                                               Services on 1/22/2009       Depositories exempted from HB 4065. HB 4066
                                                                                                           and 4067 are Tie-Barred to HB 4065.
Last Updated: 11/13/2010                                                                                                                               Page 8
                                                                                 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 4623 of 2009 (Corriveau)                                   Referred to the Full House on Reintroduction of HB 5731 from last session. The
                                                                         6/9/2010
           Financial institutions; credit unions; written disclosure of rights                         bill requires written disclosure of rights of joint
           of account holders; require for joint accounts.                                             account holders prior to accepting the account.
                                                                                                       MCUL opposed in 2008.
           HB 4640 of 2009 (Johnson)                                     Referred to Full House on     This bill could put extra burdens on notaries,
           Occupations; notaries public; requirement for record keeping 9/9/2009                       including in-house credit union notaries, by
           of certain notarial acts; provide for. Amends sec. 25 of 2003                               mandating they keep an extensive log of their
           PA 238 (MCL 55.285).                                                                        actions.
           SB 0960 of 2009 (George)                                      Referred to Senate            Would make it so a notary couldn't perform their
           Occupations; notaries public; procedure for notary public     Committee on Judiciary on     notarial duties unless the person asking for their
           when witnessing the signature of certain individuals; revise. 10/28/2009                    services understood the substance of the
           Amends sec. 25 of 2003 PA 238 (MCL 55.285).                                                 transaction.
           HB 6149 of 2010 (Tlaib)                                       Referred to House Committee Would increase penalties for notary public
           Occupations; notaries public; penalties for notary public     on Judiciary on 5/6/2010      violations, changing from a misdemeanor to a
           violations; increase. Amends secs. 41, 43 & 49 of 2003 PA                                   felony and imprisonment from 1 year to 4 years.
           238 (MCL 55.301 et seq.).
           SB 0200 of 2009 (Patterson)                                   Referred to Senate            Would require banks and other financial institutions
           Consumer protection; unfair trade practices; disclosure of    Committee on Banking and      to disclose in advance the fees charged to a
           fees, charges, and interest rates for financial services;     Financial Institutions on     consumer who starts an account, takes a loan or
           require. Amends sec. 3 of 1976 PA 331 (MCL 445.903).          2/5/2009                      acquires other financial services.
           SB 0234 of 2009 (Patterson)                                           Referred to Senate             Requires a firm offering credit to a consumer to
           Consumer protection; unfair trade practices; fees or bonuses          Committee on Economic          disclose if the employee arranging the credit gets a
           paid to employee if consumer completes a credit application;          Development and Regulatory     fee or bonus for doing so.
           require disclosure. Amends sec. 3 of 1976 PA 331 (MCL                 Reform on 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).

Last Updated: 11/13/2010                                                                                                                                 Page 9
           SB 0236 of 2009 (Patterson)                                                                    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).
           HB 4915 of 2009 (Robert Jones)                                Referred to Full House on        This bill would amend the Michigan Consumer
           Consumer protection; unfair trade practices; application of   11/4/2009                        Protection Act to specify that existence of a rule or
           Michigan consumer protection act to certain conduct generally                                  statute or the grant of a license that regulates or
           authorized by law; clarify and revise. Amends sec. 4 of 1976                                   authorizes a general transaction of a person
           PA 331 (MCL 445.904).                                                                          engaged in trade or commerce does not exempt
                                                                                                          http://www.mcul.org/Legislative_Affairs_506.html
           PA 229 of 2009 (formerly HB 4989 of 2009) (Rocca)              Assigned PA 229-232 of 2009 Would impose new regulations on auto loan
           Consumer protection; retail installment sales; sales of        with immediate effect on    “guaranteed asset protection waivers” that are
           guaranteed asset protection waivers to installment buyers of   12/31/2009                  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
                                                                                                      period if a buyer changes his or her mind, without
           PA 230 of 2009 (formerly HB 4990 of 2009) (Johnson)                                        penalties, fees or costs to the borrower. The waiver
           Consumer protection; retail installment sales; guaranteed                                  contract would have to be listed as a separate item
           asset protection waivers in certain installment sale contracts                             and not wrapped into the total charge or interest.
           for vehicles; exclude from insurance code. Amends 1956 PA                                  The new law would not be subject to the State
           218 (MCL 500.100 - 500.8302), the Insurance Code of 1956,                                  Insurance Code. HB 4989-4992 are Tie-Barred.
           by adding sec. 127. TIE BAR WITH: HB 4989'09, HB
           4991'09, HB 4992'09.
           PA 231 of 2009 (formerly HB 4991 of 2009) (Johnson)
           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), the
           Motor Vehicle Sales Finance Act. TIE BAR WITH: HB
           4989'09, HB 4990'09, HB 4992'09.
           PA 232 of 2009 (formerly 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), the Retail
           Installment Sales Act. TIE BAR WITH: HB 4989'09, HB
           4990'09, HB 4991'09.
           HB 5412 of 2009 (Geiss)                                          Referred to House Committee Requires credit unions to receive in writing an
                                                                            on Banking and Financial    individual's specific informed consent prior to
                                                                            Services on 9/17/2009       disclosing or sharing nonpublic personal financial
                                                                                                        information. HB 5413-5415 would apply to banks,
                                                                                                        saving banks, and savings and loan associations.
                                                                                                        This four bill package is a reintroduction of
Last Updated: 11/13/2010                                                                                legislation that was introduced in 2005 but never
                                                                                                                                                  Page 10
                                                                                                        passed committee. To view the Issue Brief, go to:
                                                                                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. Amends the Credit Union Act.                                          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. To view the Issue Brief, go to:
                                                                                                            http://www.mcul.org/Legislative_Affairs_506.html

               SB 0189 of 2009 (Thomas)                                       Referred to Senate              Would require providers of tax refund anticipation
               Consumer credit; other; tax refund anticipation loans; require Committee on Banking and        loans to disclose various items to customers.
               disclosures and prohibit certain practices. Creates new act.   Financial Institutions on
                                                                              2/24/2009
               PA 66 of 2009 (formerly HB 4166 of 2009) (Tlaib)               Assigned PA 66 and 67 of        HB 4166 and 4607 would create two new acts to
               Consumer credit; other; tax refund anticipation loans; require 2009 with immediate effect on   require certain information to be disclosed to a
               disclosures and prohibit certain practices. Creates new act.   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 3/19/09.
                                                                                                              Submitted testimony card on 6/24/09 in support of
               PA 67 of 2009 (HB 4607 of 2009) (Johnson)                                                      the bills.] For letters go to:
               Consumer credit; other; tax refund anticipation loans; require                                 http://www.mcul.org/Letters_to_Lawmakers_2131.h
               disclosures and prohibit certain practices.                                                    tml

Marketing & PA 21 of 2009 (formerly SB 0195 of 2009) (T. Stamas)                Assigned PA 21 of 2009 with “CDARS” bills introduced by Sen. Stamas to permit
 Business   Local government; financing; investment in certain certificates     immediate effect on 5/6/2009; school districts, intermediate school districts and
Development 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 22 of 2009 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 on 3/12/2009] For letters go to:
               Local government; financing; investment in certain certificates Committee on Banking and
               of deposit; include credit unions.                              Financial Services on          http://www.mcul.org/Letters_to_Lawmakers_2131.h
                                                                               3/18/2009                      tml

   Last Updated: 11/13/2010                                                                                                                           Page 11
            PA 179 of 2009 (formerly SB 583 of 2009) (T. Stamas)        Assigned PA 179 of 2009 with       Allows community college surplus funds invested in
            Higher education; community colleges; investment of surplus immediate effect on                CDs to utilize the Certificate of Deposit Accounts
            funds in certain certificates of deposit; authorize. Amends 12/17/2009                         Registry Service (CDARS). [MCUL ACTION
            sec. 142 of 1966 PA 331 (MCL 389.142), the Community                                           TAKEN - Testified in support on 5/27/09. Submitted
            College Act of 1966.                                                                           testimony card on 6/18/09.] To view the Issue Brief,
                                                                                                           go to:
                                                                                                           http://www.mcul.org/Legislative_Affairs_506.html

            HB 5362 of 2009 (Booher)                                   Referred to House Committee         Would authorize state loan guarantees to financial
            Economic development; other; small business loan guarantee on Banking and Financial            institutions that provide commercial loans to small
            program; create. Amends sec. 88d of 1984 PA 270 (MCL       Services on 9/15/2009               businesses of up to $750,000 with less than 250
            125.2088d).                                                                                    employees and $6 million in gross sales.


 Human      HB 4514 (S-3) of 2009 (Lahti)                                    Referred to Full Senate on    Bill provides that in order to qualify for the EITC, a
Resources   Income tax; credit; eligibility for state earned income tax      2/25/2010                     person must be a resident of the state for at least 6
            credit; require taxpayer to be resident for at least 6 months.                                 months.
            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            Increases penalties in some circumstances for the
            Crimes; embezzlement; penalties for financial exploitation of    Committee on Judiciary on     financial exploitation of vulnerable adults. House
            vulnerable adults; increase under certain circumstances.         8/27/2009                     Bill 4727 would put the new felonies in the Code of
            Amends sec. 174a of 1931 PA 328 (MCL 750.174a), the                                            Criminal Procedures. Similar to SB 184 and SB
            Michigan Penal Code.                                                                           895.
            HB 5187 of 2009 (Neumann) (H-1)                                 Referred to the Full House on Requires financial institutions to report cases of
            Human services; other; mandatory reporting of suspected         6/9/2010                      suspected financial exploitation. HB 5193 is a
            financial exploitation of certain adults; require of financial                                reintroduction of HB 5728 from 2007. [MCUL
            institutions. Amends the Social Welfare Act.                                                  ACTION TAKEN - Met with House and Senate
                                                                                                          committee chairs and committee members.
                                                                                                          Submitted a comment call letter on 10/12/09;
                                                                                                          Turned in neutral card on HB 5187 (H-1) and
                                                                                                          opposition card on HB 5193 and testified on
            HB 5193 of 2009 (Roberts) (H-1)                                                               6/9/10]. To view the letter and Issue Brief, go to:
            Human services; other; definition of abuse of vulnerable adult;                               http://www.mcul.org/Legislative_Affairs_506.html
            expand to include financial exploitation. Amends the Social
            Welfare Act.
            HB 5296 of 2009 (Warren)                                        Referred to Senate            Would require employers with five or more
                                                                            Committee on Commerce         employees to provide them with information
                                                                            and Tourism on 3/23/2010      concerning eligibility for the federal EITC and
                                                                                                          require them to post the information in the
                                                                                                          workplace and on the workplace internet website.
 Last Updated: 11/13/2010                                                                                                                            Page 12
                                                                            Referred to Senate                 Would require employers with five or more
               Labor; other; information for employees regarding earned     Committee on Commerce              employees to provide them with information
               income tax credit; require employers to provide. Creates new and Tourism on 3/23/2010           concerning eligibility for the federal EITC and
               act.                                                                                            require them to post the information in the
                                                                                                               workplace and on the workplace internet website.
               HB 6141 of 2010 (Meekhof) (H-4)                                 Referred to the Full House on   This bill would amend the Uniform Securities Act so
               Occupations; individual licensing and regulation; testing for   5/20/2010                       that an individual acting as an investment adviser
               investment adviser representative registration; revise to allow                                 representative in this state on the effective date of
               previous examination if taken within certain time period.                                       the 2010 amendatory act that amended this section
               Amends sec. 404 of 2008 PA 551 (MCL 451.2404).                                                  is exempt from the requirement to sit for the
                                                                                                               examination in order to be registered if that
                                                                                                               individual meets certain criteria.

   Loan      SB 0929 of 2009 (Whitmer)                                           Referred to Senate            Would require more regulations on foreclosure
Modification Financial institutions; banks; publication of mortgage loan         Committee on Banking and      consultants and mortgage lenders in an effort to
 & Workout modification criteria; require. Amends 1999 PA 276 (MCL               Financial Services on         stop “foreclosure consultant” scams and give
             487.11101 - 487.15105) by adding sec. 4105a.                        10/21/2009                    homeowners more transparency in the loan
             SB 0930 of 2009 (Whitmer)                                                                         modification process. They would crack down on
             Trade; consumer goods and services; certain mortgage                                              "foreclosure consultant" scams by establishing
             foreclosure consultants and foreclosure consulting contracts;                                     basic qualifications and new regulations and
             regulate. Creates new act.                                                                        disclosures, requiring companies to notify
             SB 0931 of 2009 (Anderson)                                                                        homeowners when a lender sells their mortgage to
             Trade; consumer goods and services; certain mortgage                                              a third party, and requiring lenders to post their
             foreclosure consultants and foreclosure consulting contracts;                                     foreclosure and loan modification criteria online.
             exempt from credit services protection act. Tie-Barred to SB                                      [MCUL ACTION TAKEN - Comment call letter sent
             930'09.                                                                                           on 10/28/09.] For letters go to:
             SB 0932 of 2009 (Anderson)                                                                        http://www.mcul.org/Legislative_Comment_Calls_1
             Financial institutions; mortgage brokers and lenders; notice of                                   636.html
             assignment of mortgages; require, and create remedies.
             Amends secs. 22 & 31 of 1987 PA 173 (MCL 445.1672 &
             445.1681).
               SB 0933 of 2009 (Anderson)
               Financial institutions; mortgage brokers and lenders; notice of
               assignment of mortgages; require from second mortgage
               companies and create remedies.
               SB 0029 of 2009 (Clarke)                                          Referred to Senate            Bills provide a 2 year moratorium on foreclosure.
               Civil procedure; foreclosure; 2-year moratorium on mortgage       Committee on Banking and      SB 29 is Tie-Barred to SB 30 and 31 and SB 30
               foreclosures; provide for. Amends secs. 3115, 3201 & 3236 of      Financial Services on         and 31 are ony Tie-Barred to SB 29. [MCUL
               1961 PA 236 (MCL 600.3115 et seq.) & adds secs. 3116 &            1/28/2009                     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.]



  Last Updated: 11/13/2010                                                                                                                             Page 13
                                                                                                           Richardville's office, they don't see much action
                                                                                                           being taken at all on SB 29-33 as other foreclosure
                                                                                                           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            When foreclosing a rental property, tenants must
           Civil procedure; evictions; eviction after foreclosure; require   Committee on Judiciary on     be given a 90-day notice of eviction and a notice by
           90-day notice of eviction to tenants.                             1/27/2009                     mail within 15 days after the first publication of the
           SB 0033 of 2009 (Clarke)                                                                        notice. Provides details if the property is described
           Civil procedure; foreclosure; lease of foreclosed property;                                     in a deed. Companion bills.
           provide that lease continues after property is foreclosed, and
           provide notice of foreclosure to tenants.
           SB 0078 of 2009 (Clarke)                                          Referred to Senate            Provides that every notice of foreclosure by
           Civil procedure; foreclosure; notice of foreclosure of mortgage   Committee on Judiciary on     advertisement shall include a street address of the
           by advertisement; require to include street address. Amends       1/27/2009                     mortgaged property.
           sec. 3212 of 1961 PA 236 (MCL 600.3212).

           SB 0350 (S-3) of 2009 (Cassis)                                    Referred to Full Senate on  Similar to HB 5267 and SB 1390 from last session,
           Civil procedure; foreclosure; amount required to redeem           12/9/2009                   the bill would allow a register of deeds to determine
           foreclosed property; allow certain registers of deeds to                                      the amount necessary to redeem property sold at a
           calculate. Amends sec. 3240 of 1961 PA 236 (MCL                                               foreclosure sale, if the county board of
           600.3240).                                                                                    commissioners had given approval.
           HB 5267 of 2009 (Miller)                                          Referred to Senate          Similar to SB 350'09 and SB 1390 from last
           Civil procedure; foreclosure; amount required to redeem           Committee on Banking and    session, the bill would allow a register of deeds to
           foreclosed property; allow certain registers of deeds to          Financial Institutions on   determine the amount necessary to redeem
           calculate. Amends sec. 3240 of 1961 PA 236 (MCL                   12/1/2009                   property sold at a foreclosure sale, if the county
           600.3240).                                                                                    board of commissioners had given approval.
           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
                                                                             on Banking and Financial    for residential foreclosures.
                                                                             Services on 1/22/2009
Last Updated: 11/13/2010                                                                                                                      Page 14
                                                                            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              The bill requires a rental agreement to contain a
           Housing; landlord and tenants; 30-day notice of foreclosure of   Committee on Banking and        provision that a landlord must notify a tenant of any
           property; require. Amends 1978 PA 454 (MCL 554.631 -             Financial Institutions on       foreclosure actions being taken.
           554.641) by adding sec. 10a.                                     3/18/2009
           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 29-31 of 2009     HB 4453-4455 is the foreclosure prevention
           Civil procedure; foreclosure; mediation program for              with immediate effect on      package being spearheaded by Rep. Andy
           mortgages of certain residential property that are in default;   5/26/2009; Effective 7/5/2009 Coulouris and the House Dems to provide for a 90
           create. Amends title & sec. 3204 of 1961 PA 236 (MCL                                           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 2/26/09, 3/5/09 and 3/11/09
                                                                                                          and one to the Senate Banking Committee on
                                                                                                          3/18/09.] 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                                            tml on June 29, MCUL hosted a Foreclosure
                                                                                                          Also,
           mortgages of certain residential property that are in default;                                 webinar to discuss the new requirements for the
           create. Amends 1961 PA 236 (MCL 600.101 - 600.9947) by                                         Mortgage Mediation law that is effective July 5. A
           adding secs. 3205a & 3205b. TIE BAR WITH: HB 4453'09,                                          borrower is eligible for a loan modification under the
           HB 4455'09.                                                                                    Act if a combination of adjustments to the interest
                                                                                                          rate and/or loan term, a deferral of some portion of
           PA 31 of 2009 (formerly HB 4455 of 2009) (Johnson)                                             the principal, or a reduction or elimination of late
           Civil procedure; foreclosure; mediation program for                                            fees can lower the borrower's housing-related debt
           mortgages of certain residential property that are in default;                                 to income ratio to 38%. For more information, click
           create. Amends 1961 PA 236 (MCL 600.101 - 600.9947) by                                         here.]
           adding secs. 3205c, 3205d & 3205e & repeals secs. 3205a to
           3205d of 1961 PA 236 (MCL 600.3205 et seq.). TIE BAR
           WITH: HB 4453'09, HB 4454'09
           SB 0991 of 2009 (C. Brown)                                       Referred to Senate              These bills specify the requirements for executing
           Civil procedure; foreclosure; procedures for redeeming           Committee on Banking and        deeds when selling land on foreclosure of a land
           property from mortgage foreclosure; enact miscellaneous          Financial Institutions on       contract or mortgage on real estate at a public sale.
           revisions. Amends secs. 3130, 3140, 3145, 3232, 3240 &           12/1/2009                       They specify the process the register of deeds
           3248 of 1961 PA 236 (MCL 600.3130 et seq.); adds sec.                                            follows and the requirements for redeeming the
           3240a & repeals sec. 3244 of 1961 PA 236 (MCL 600.3244).                                         sold premises/land from the purchaser. [MCUL
                                                                                                            ACTION TAKEN - Sent informal comment call on
                                                                                                            1/14/2010] To view the Issue Brief, go to:
           SB 0992 of 2009 (C. Brown)                                                                       http://www.mcul.org/Legislative_Affairs_506.html

Last Updated: 11/13/2010                                                                                                                             Page 15
              Housing; housing development authority; procedures for
              redeeming property from mortgage foreclosure; enact
              miscellaneous revisions. Amends secs. 48g, 48i, 48j, 49h,
              49j, 49m & 49s of 1966 PA 346 (MCL 125.1448g et seq.) &
              repeals sec. 49l of 1966 PA 346 (MCL 125.1449l).
              HB 5925 of 2010 (Johnson)                                       Referred to House Committee Woud require employees of mortgage holders to
              Civil procedure; foreclosure; mediation of mortgages in         on Banking and Financial    attend mediation of mortgages in default if
              default; require employee of mortgage holder to attend          Services on 3/9/2010        requested by the borrower.
              mediation. Amends sec. 3205a of 1961 PA 236 (MCL
              600.3205a).

Campaign      HB 4284 (H-2) of 2009 (Miller)                                  Referred to Senate          Would eliminate a requirement that employees
 Finance      Campaign finance; contributions and expenditures; annual        Committee on Campaign and   affirm annually that they want paycheck deductions
              signature requirement for political action committee checkoff   Election Oversight on       to go into a union or corporate PAC. Sen. Prusi
              for payroll deductions; eliminate. Amends the Michigan          10/29/2009                  introduced SB 830'09 on 9/17/09 that mirrors HB
              Campaign Finance Act.                                                                       4284. [MCUL ACTION TAKEN - Submitted
                                                                                                          testimony card on 7/14/09 and10/28/09, in support.
                                                                                                          Met with committee chair and members.] To view
                                                                                                          the Issue Brief, go to:

                                                                                                          http://www.mcul.org/Legislative_Affairs_506.html



              HB 4997 (H-4) of 2009 (Geiss)                                   Referred to Senate          Would increase the reporting threshold to $20 and
              Campaign finance; contributions and expenditures; general       Committee on Campaign and   clarifies procedure if Attorney General is involved.
              amendments; provide for. Amends the Michigan Campaign           Election Oversight on       [MCUL ACTION TAKEN - Submitted testimony
              Finance Act.                                                    10/29/2009                  card on 7/14/09 and 10/28/09, in support. Met with
                                                                                                          committee chair and members.]

 Financial    HB 4410 (H-3) of 2009 (Sheltrown)                           Referred to Senate              Would put financial literacy on equal footing with
 Literacy     Education; curricula; general diploma curriculum as         Committee on Education on       albegra II so a student could chose between
              alternative for high school graduation; provide for. Amends 9/9/2009                        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. Amends the Revised School                                       school, bypassing algebra II. Financial literacy
              Code.                                                                                       could still be applied as the 4th credit, if it is not
                                                                                                          used as the 3rd credit. Sen. Kuipers introduced SB
                                                                                                          698, making the career and technical course the
                                                                                                          only alternative to algebra II.

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.

  Last Updated: 11/13/2010                                                                                                                         Page 16
           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.
           HR 0163 of 2009 (Coulouris)                                        Adopted 10/8/2009
           A resolution recognizing October 11-17, 2009, as Credit
           Union Week in the state of Michigan and honoring all
           Michigan credit unions.
           SR 0085 of 2009 (Sanborn)                                          Adopted 10/13/2009
           A resolution recognizing October 11-17, 2009, as Credit
           Union Week and honoring all Michigan credit unions.
           HCR 0036 of 2009 (Opsommer)                                        Referred to House Committee
           A concurrent resolution to memorialize the United States           on Banking and Financial
           Congress to embrace greater economic transparency by               Services on 12/17/2009
           enacting H.R. 1207, the Federal Reserve Transparency Act of
           2009, and to enact it as a stand alone bill not attached to
           other legislation and in a version fully supported by the bill's
           original sponsors.
           SR 0140 of 2010 (Nofs)                                             Adopted 4/13/10. Entire
           A resolution declaring April 2010 as Youth Financial Literacy      Membership of the Senate
           Month in the state of Michigan                                     and Lt. Governor Named Co-
                                                                              Sponsors
           HR 0246 of 2010 (Scripps)                                      Adopted 4/15/2010
           A resolution to declare April 2010 as Youth Financial Literacy
           Month in the state of Michigan.




Last Updated: 11/13/2010                                                                                    Page 17

				
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