Insurance Producer Rep Agreement

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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 onpremises 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         Amends the Uniform Securities Act to include
               Trade; securities; variable annuities; regulate as securities. Committee on Senior       variable annuity contracts. Sen. Whitmer introduced
               Amends sec. 102c of 2008 PA 551 (MCL 451.2102c).               Health, Security, and     SB 900'09 on 10/14/09 that mirrors HB 4616.
                                                                              Retirement on 3/18/2009   [MCUL ACTION TAKEN - MCUL met with the bill
                                                                                                        sponsor, who chairs the committee, to assess
                                                                                                        affect on credit unions.]
               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.

               SB 1432 of 2010 (Hardiman) (S-2)                                Referred to House           Would require state agencies to work with ATM
               Human services; services or financial assistance; access to     Committee on Family and     cash machine suppliers to stop a welfare recipient’s
               cash benefits from automatic teller machines (ATMs) located     Children's Services on      “bridge card” from being used to withdraw cash in a
               in casinos; prohibit.                                           9/21/2010                   casino.
               HB 4633 of 2009 (Johnson)                                       Referred to House           Identical to SB 1414 and 1415, these bills would
               Insurance; no-fault; paperless insurance verification system;   Committee on Judiciary on   require the implementation of a paperless
               provide for. Amends sec. 3101a of 1956 PA 218 (MCL              3/19/2009                   verification system for motor vehicle insurance
               500.3101a).                                                                                 coverage by October 1, 2009. Failure to provide
                                                                                                           evidence of motor vehicle insurance would continue
               HB 4634 of 2009 (Johnson)                                                                   to be a civil infraction, but the new paperless
                                                                                                           verification system would replace the paper
  Last Updated: 2/25/2011                                                                                  certificates of insurance that now constitutePage 1
                                                                                                           evidence of insurance.
                                                                                                              coverage by October 1, 2009. Failure to provide
                                                                                                              evidence of motor vehicle insurance would continue
                                                                                                              to be a civil infraction, but the new paperless
                Traffic control; civil infraction procedures; paperless insurance                             verification system would replace the paper
                verification system; create, and provide for access by law                                    certificates of insurance that now constitute
                enforcement officers.                                                                         evidence of insurance.
                SB 0223 of 2009 (Basham)                                            Ordered Enrolled on       Would specify graduated penalties for second and
                Identity theft; penalties; forfeiture provisions; establish, and    12/3/2010                 third or subsequent violations of the act that are
                increase penalties for identity theft.                                                        felonies, increase the maximum term of
                                                                                                              imprisonment for certain misdemeanor and
                                                                                                              subsequent misdemeanor violations, subject
                                                                                                              certain property to seizure and forfeiture, and
                                                                                                              outline forfeiture proceedings for seized property.
                PA 123 of 2010 (formerly SB 0791 of 2009) (Van Woerkom) Assigned PA 123 of 2010               This bill would provide for the recording of
                Property; other; uniform real property electronic recording act; with immediate effect on     electronic documents by a county register of deeds.
                create. Creates new act.                                         7/21/2010

                HB 5821 of 2010 (Scripps)                                           Ordered Enrolled on       This bill would allow employers to require
                Labor; hours and wages; payroll debit card; revise                  12/3/2010                 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              The bill would exclude from the sales tax the
Legal Affairs   Sales tax; collections; sales tax on difference between trade- Committee on Tax Policy        agreed-upon value of certain items that were
                in and purchase price of new or used car or boat; provide for. on 3/12/2009                   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         This bill would extend the state sales tax to
                                                                                    Committee on Tax Policy   services. The tax would be five percent of the
                                                                                    on 10/21/2009             “gross proceeds” paid by a consumer to a provider
                                                                                                              for a service. Nonprofits and business-to-business
  Last Updated: 2/25/2011                                                                                                                                  Page 2
                                                                                                              services are exempt for now. This bill is Tie-Barred
                                                                                                              to HJR KK and HB 5529'09 which is Tie-Barred to
                                                                                Referred to House         This bill would extend the state sales tax to
            Sales tax; other; sales tax on services; implement.                 Committee on Tax Policy   services. The tax would be five percent of the
                                                                                on 10/21/2009             “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         HJR KK would have to be approved by voters in the
            Sales tax; rate; lower sales and use tax rate and apply sales       Committee on Tax Policy   next election and would expand the state sales tax
            tax to services; amend constitution to provide for. Amends          on 10/21/2009             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         Under this legislation, a property that is reverted
            Property tax; principal residence exemption; eligibility to claim   Committee on Tax Policy   back to a bank, credit union, or other lending
            exemption on certain homes in foreclosure; clarify. Amends          on 2/18/2010              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.
            HB 5419 of 2009 (Meadows)                                    Referred to House                The use or consumption of certain intrastate and
            Use tax; collections; definition of interstate               Committee on Tax Policy          interstate telecommunications services are taxed
            telecommunications services; expand to include international on 9/17/2009                     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                 Would expand the sales tax to include consumer
            Use tax; other; application of use tax to certain services; Committee on Tax Policy           services, and reduce the sales tax rate to 5.5
            provide for, and lower rate. Amends secs. 3 & 20 of 1937 PA on 2/16/2010                      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.]
                                                                                                          For letter go to:
Last Updated: 2/25/2011                                                                                                                                 Page 3
                                                                                                            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                Would amend the State Constitution to require the
             Property tax; assessments; taxable value; limit increase when Committee on Tax Policy          Legislature to provide that if a property's assessed
             market value decreases. Amends sec. 3, art. IX of the state   on 3/18/2009                     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
             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           Bill eliminates the May 1st filing deadline for
             Property tax; principal residence exemption; filing deadline for   Committee on Tax Policy     property in foreclosure.
             homestead property tax exemptions for individuals                  on 2/18/2009
             purchasing foreclosed homes; revise. Amends sec. 7cc of
             1893 PA 206 (MCL 211.7cc).
             HB 4676 of 2009 (Kurtz)                                            Referred to House           A bill to consider exempting nonprofit housing
             Property tax; exemptions; certain eligible nonprofit housing       Committee on Tax Policy     property from property taxes.
             property; exempt for certain period. Amends sec. 7kk of 1893       on 3/24/2009
             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 citizens or persons with disabilities for delinquent
             or handicapped person's home for delinquent taxes; prohibit.       on 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           Would amend the MBT to change the amount of
             Michigan business tax; financial institutions; franchise tax       Committee on Tax Policy     franchise tax imposed on the tax base of a financial
             rate; reduce. Amends sec. 263 of 2007 PA 36 (MCL                   on 5/4/2010                 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           HB 4585-4593 is the predatory lending package
 Business                                                                       Committee on Banking and    reintroduced from last session. The bills would
 Last Updated: 2/25/2011
 Lending                                                                        Financial Services on                                                     Page 4
                                                                                                            prohibit certain actions by creditors, including giving
                                                                                3/17/2009                   out a loan if the borrower isn't reasonably
Consumer &                                                                 Referred to House          HB 4585-4593 is the predatory lending package
 Business    Consumer credit; predatory lending; general revision to       Committee on Banking and   reintroduced from last session. The bills would
 Lending     consumer mortgage protection act; regulate rate spread and    Financial Services on      prohibit certain actions by creditors, including giving
             high-cost home loans and revise default provisions. Amends    3/17/2009                  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
                                                                                                      whether a borrower received counseling on the
                                                                                                      advisability of that loan. Credit unions and their
             HB 4586 of 2009 (Angerer)                                                                operating subsidiaries are exempt from the
             Consumer credit; predatory lending; general revision to                                  legislation in HB 4592. HB 4585-4593 are Tie-
             consumer mortgage protection act; revise provisions                                      Barred.
             concerning notices and disclosures.
             HB 4587 of 2009 (J. Switalski)
             Consumer credit; predatory lending; general revision to
             consumer mortgage protection act; prohibit certain lending
             practices.
             HB 4588 of 2009 (Leland)
             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.


 Last Updated: 2/25/2011                                                                                                                           Page 5
              SB 1408 of 2010 (Gilbert)                                         Referred to Senate          Would permit a lender with a lien on used cars in
              Vehicles; title; original titles to used car dealers inventory;   Committee on                an auto dealer’s inventory to retain the original
              permit lender to retain. Amends sec. 235 of 1949 PA 300           Transportation on           titles. Under current law the dealer is required to
              (MCL 257.235).                                                    6/29/2010                   have possession of the original titles.

              SB 1525 of 2010 (Richardville)                                      Notice Given to Discharge Would cap the bonding amounts required for
              Financial institutions; loan officers; provision relating to surety from Senate Banking       mortgage loan originators.
              bond obligation for mortgage loan originators; modify               Committee on 12/1/2010



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 writing off bad debt. Credit unions already have 12
Collections   bad debt; modify. Amends sec. 4205 of 1999 PA 276 (MCL             on 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         Requires registration and maintenance of vacant
              Property; other; requirements for maintenance of vacant           Committee on Urban Policy property. [MCUL ACTION TAKEN - Submitted
              property; enhance. Amends title & secs. 2a, 123, 125, 132,        on 2/4/2009               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         Would specifically allow an affidavit to correct
              Property; other; affidavits to correct errors or omissions        Committee on Judiciary on errors or omissions in previously recorded
              relating to previously recorded documents; allow. Amends          3/17/2010                 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.
              PA 90 of 2010 (formerly HB 5313 of 2009) (Nathan)                 Assigned PA 90 of 2010    Amends the Occupational Code to revise the
                                                                                with immediate effect on  qualifications for members of the Michigan Board of
                                                                                6/10/2010                 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].
 Last Updated: 2/25/2011                                                                                                                               Page 6
                                                                             Assigned PA 90 of 2010     Amends the Occupational Code to revise the
            Occupations; real estate; board of real estate appraisers;       with immediate effect on   qualifications for members of the Michigan Board of
            revise. Amends sec. 2603 of 1980 PA 299 (MCL 339.2603).          6/10/2010                  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)                                                              Would authorize commercial real estate brokers to
                                                                             Assigned PA 201 of 2010
            Liens; other; commercial real estate broker's lien act; enact.                       place a lien on commercial property for any sale or
                                                                             with immediate effect on
            Creates new act.                                                 11/3/2010           lease commissions they are owed. The bill
                                                                                                 establishes conditions and procedures.
            HB 5417 of 2009 (Wheeler Smith)                            Referred to House         Would reduce the bad debt deduction available to
            Use tax; credits and deductions; bad debt deduction from   Committee on Tax Policy sellers in the sales and use tax acts from 100
            gross proceeds; reduce. Amends sec. 9a of 1937 PA 94       on 9/17/2009              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         has become worthless and uncollectible and is
            Sales tax; credits and deductions; bad debt deduction from Committee on Tax Policy charged off as such on the books and records of
            gross proceeds; reduce. Amends sec. 4i of 1933 PA 167      on 9/17/2009              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
            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)




Last Updated: 2/25/2011                                                                                                                            Page 7
            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) (S-1)                               Ordered Enrolled on           Would create the Property Assessed Clean Energy
            Energy; alternative sources; financing by loans from local   12/1/2010                     Act (PACE) authorizing local unit of governments to
            units of government; authorize and provide for issuance of                                 establish programs to make loans to private
            bonds. Creates new act.                                                                    property owners in a specified district or districts for
                                                                                                       energy efficiency improvements. [MCUL ACTION
                                                                                                       TAKEN - Submitted neutral testimony card on S-1]
                                                                                                       For the Issue Brief, please go to:

                                                                                                       http://www.mcul.org/Legislative_Affairs_506.html
            HB 5188 of 2009 (Rocca)                                        Referred to Full House on   The bill would require that when one person
            Probate; powers of attorney; written acknowledgment of         7/21/2010                   designates another as his or her "agent" or
            responsibilities by agent appointed under a power of attorney;                             "attorney in fact" under a durable power of attorney,
            require. Amends sec. 5501 of 1998 PA 386 (MCL 700.5501).                                   the designated "attorney in fact," before exercising
                                                                                                       authority, sign an acceptance of the designation to
                                                                                                       acknowledge and accept certain obligations,
                                                                                                       liabilities, and rights as specified in the bill.

            HB 6272 of 2010 (J. Switalski)                                 Referred to Senate          Would amend the Estates and Protected
            Probate; guardians and conservators; power of conservator to Committee on Judiciary on     Individuals Code to specifically prohibit a
            mortgage or place lien on protected individual's home; require 9/7/2010                    conservator from mortgaging, pledging, or causing
            prior court approval. Amends secs. 5422 & 5423 of 1998 PA                                  a lien to be placed on the protected individual's
            386 (MCL 700.5422 & 700.5423).                                                             home without court approval.
            HB 5192 of 2009 (DeShazor)                                 Referred to Full House on       Would require a court to require a bond to be
            Probate; guardians and conservators; bond; require if      7/21/2010                       posted by a conservator appointed to protect the
            protected individual has liquid assets over certain limit.                                 assets of a minor or an incapacitated individual, if
            Amends sec. 5410 of 1998 PA 386 (MCL 700.5410). TIE BAR                                    the value of assets readily convertible to cash
            WITH: HB 4619'09, HB 5194'09                                                               exceeds certain limits, with certain specified
                                                                                                       exceptions allowed, including the estate contains
                                                                                                       no property readily convertible to cash and the cash
                                                                                                       is in a restricted account with a financial institution.

            HB 6276 of 2010 (Cogen Lipton)                                Referred to House            Would require a title insurer or title insurance
                                                                          Committee on Banking and     producer to offer closing or settlement protection to
Last Updated: 2/25/2011                                                                                                                               Page 8
                                                                          Financial Services on        the lender, borrower, and seller of the property and
                                                                          6/22/2010                    to any applicant for title insurance at the time an
                                                                               Referred to House           Would require a title insurer or title insurance
             Insurance; insurers; title insurance closing or settlement        Committee on Banking and    producer to offer closing or settlement protection to
             protection and escrow accounts; provide for general               Financial Services on       the lender, borrower, and seller of the property and
             amendments. Amends sec. 7304 of 1956 PA 218 (MCL                  6/22/2010                   to any applicant for title insurance at the time an
             500.7304) & adds secs. 7314 & 7317a.                                                          order for a title insurance policy is placed. The bill
                                                                                                           also lists specifications for when a title insurance
                                                                                                           producer or solicitor establishes an escrow or trust
                                                                                                           account. For the Issue Brief, please go to:

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


  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        Depositories, including credit unions and their
             service companies. TIE BAR WITH: SB 0380'09, SB 0381'09.          4/9/2009                    affiliates continue to be exempt. The three bills are
                                                                                                           Tie-Barred.
             PA 13 of 2009 (formerly SB 0380 of 2009) (Van Woerkom)
             Financial institutions; loan officers; registration of consumer
             financial services company mortgage loan officers; allow
             under mortgage brokers, lenders, and services act. TIE BAR
             WITH: SB 0379'09, SB 0381'09.
             PA 14 of 2009 (formerly SB 0381 of 2009) (Hardiman)
             Financial institutions; loan officers; registration of consumer
             financial services company mortgage loan officers; allow
             under secondary mortgage act. TIE BAR WITH: SB 0379'09,
             SB 0380'09.
             PA 75 of 2009 (formerly SB 0462 of 2009) (Richardville)      Assigned PA 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.

 Last Updated: 2/25/2011                                                                                                                                Page 9
              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 onthis 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 ondispensing 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        Bills require disclosure of certain information for
              Consumer credit; predatory lending; consumer mortgage               Committee on Banking and home loans and high-cost home loans.
              protection act; replace with home loan protection act.              Financial Services on    Depositories exempted from HB 4065. HB 4066
                                                                                  1/22/2009                and 4067 are Tie-Barred to HB 4065.
            HB 4066 of 2009 (R. Schmidt)
            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 Reintroduction of HB 5731 from last session. The
            Financial institutions; credit unions; written disclosure of rights on 6/9/2010                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.
            HB 5196 of 2009 (J. Switalski)                                      Referred to House          Enacts the Uniform Power of Attorney Act to
            Probate; powers of attorney; uniform power of attorney act;         Committee on Judiciary on establish conditions and procedures for granting
            enact. Creates new act & repeals secs. 5501 - 5505 of 1998 7/14/2009                           power of attorney, including for financial
            PA 386 (MCL 700.5501 - 700.5505).                                                              transactions.
            SB 0960 of 2009 (George)                                            Referred to Senate         Would make it so a notary couldn't perform their
                                                                                Committee on Judiciary on notarial duties unless the person asking for their
                                                                                10/28/2009                 services understood the substance of the
                                                                                                           transaction.
Last Updated: 2/25/2011                                                                                                                                  Page 10
                                                                            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         Would increase penalties for notary public
            Occupations; notaries public; penalties for notary public       Committee on Judiciary on violations, changing from a misdemeanor to a
            violations; increase. Amends secs. 41, 43 & 49 of 2003 PA       5/6/2010                  felony and imprisonment from 1 year to 4 years.
            238 (MCL 55.301 et seq.).                                                                 Same as SB 1523.
            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             fee or bonus for doing so.
            require disclosure. Amends sec. 3 of 1976 PA 331 (MCL           Regulatory Reform on
            445.903).                                                       2/17/2009
            SB 0235 of 2009 (Patterson)                                                                 Requires a firm offering credit to a consumer to
            Consumer protection; unfair trade practices; consumer credit                                disclose contact information for any complaints or
            solicitations; require name, address, and contact information                               to obtain independent data about the firm's credit
            for consumer complaints. Amends sec. 3 of 1976 PA 331                                       practices.
            (MCL 445.903).
            SB 0236 of 2009 (Patterson)                                                                 If a consumer notifies a consumer reporting agency
            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
                                                                                                        that person from the act. Similar to SB 573, 584,
                                                                                                        and HB 4051. [MCUL ACTION TAKEN - Submitted
                                                                                                        opposition card to the House Judiciary Committee
                                                                                                        on 11/4/09]. To view the Issue Brief, go to:

                                                                                                       http://www.mcul.org/Legislative_Affairs_506.html
            PA 229 of 2009 (formerly HB 4989 of 2009) (Rocca)               Assigned PA 229-232 of     Would impose new regulations on auto loan
                                                                            2009 with immediate effect “guaranteed asset protection waivers” that are
                                                                            on 12/31/2009              offered or provided in connection with finance
                                                                                                       agreements for certain motor vehicles. The bill
                                                                                                       would also mandate a 30 day right of rescission
Last Updated: 2/25/2011                                                                                                                           without
                                                                                                       period if a buyer changes his or her mind,Page 11
                                                                                                       penalties, fees or costs to the borrower. The waiver
                                                                           Assigned PA 229-232 of     Would impose new regulations on auto loan
            Consumer protection; retail installment sales; sales of        2009 with immediate effect “guaranteed asset protection waivers” that are
            guaranteed asset protection waivers to installment buyers of   on 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          Requires credit unions to receive in writing an
            Financial institutions; credit unions; procedure for the         Committee on Banking and   individual's specific informed consent prior to
            disclosure of nonpublic financial information to unaffiliated    Financial Services on      disclosing or sharing nonpublic personal financial
            third parties; revise. Amends the Credit Union Act.              9/17/2009                  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
                                                                             2009 with immediate effect require certain information to be disclosed to a
                                                                             on 7/14/2009               customer before an application for a refund
                                                                                                        anticipation loan was completed and prior to
Last Updated: 2/25/2011                                                                                                                            Page 12
                                                                                                        entering into a loan agreement. Credit unions are
                                                                                                        exempt. Companion bills. [MCUL ACTION TAKEN -
                                                                           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 require certain information to be disclosed to a
            disclosures and prohibit certain practices. Creates new act.   on 7/14/2009               customer before an application for a refund
                                                                                                      anticipation loan was completed and prior to
                                                                                                      entering into a loan agreement. Credit unions are
                                                                                                      exempt. Companion bills. [MCUL ACTION TAKEN -
                                                                                                      Submitted support letter to the House Banking and
                                                                                                      Financial Services Committee on 3/19/09.
                                                                                                      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
            HB 6305 of 2010 (Tlaib)                                          Referred to House         Would add notarial act violations as a felon under
            Criminal procedure; sentencing guidelines; sentencing            Committee on Judiciary on the Code of Criminal Procedure. Same as SB 1524.
            guidelines for notary public violations; enact.                  7/1/2010
            HB 6421 of 2010 (Durhal)                                        Assigned PA 197 of 2010        Would amend the Uniform Unclaimed Property Act
            State; escheats; filing deadline for unclaimed property report; with immediate effect on       to change the dormancy period for claiming
            modify.                                                         10/6/2010                      unclaimed property to three years and change the
                                                                                                           reporting timeframe for 2011. [MCUL ACTION
                                                                                                           TAKEN - Submitted neutral testimony card]
            HB 6529 of 2010 (Ball)                                           Referred to House             Would create the Joint Account Responsibility Act
            Financial institutions; generally; certain regulated financial   Committee on Senior           to replace HB 4622-4625 and 6252 to require a
            institutions; require disclosures to joint account holders.      Health, Security, and         uniform disclosure for joint account holders for
                                                                             Retirement on 9/29/2010       financial institutions, insurance producers, broker-
                                                                                                           dealers, and investment advisors.

            SB 1516 of 2010 (Richardville)                                   Senate versions referred to   Would increase the penalties for forging real
            Crimes; fraud; value thresholds for crime of false pretenses;    Senate Committee on           property deeds or obtaining real property by false
            revise.                                                          Banking and Financial         pretenses when it involves property valued above
                                                                             Institutions on 9/28/2010.    $25,000. Identical to HB 6510.
                                                                             House versions referred to
            SB 1517 of 2010 (Richardville)                                                                 Would authorize sentencing guidelines for the
                                                                             the Full House on
            Criminal procedure; sentencing guidelines; sentencing                                          increased penalties proposed by SB 1516 for
                                                                             11/10/2010.
            guidelines for crime of false pretenses; revise to reflect.                                    obtaining real property by false pretenses. Tie-
            increased penalties                                                                            Barred to SB 1516. Identical to HB 6511.

            SB 1518 of 2010 (Hunter)                                                                       Would make it a felony for a person or lender to
            Financial institutions; generally; residential mortgage fraud;                                 knowingly commit residential mortgage fraud and
            prohibit.                                                                                      provides penalties. Identical to HB 6518.

            SB 1519 of 2010 (Hunter)                                                                       Adds residential mortgage fraud to the Code of
                                                                                                           Criminal Procedures for violations involving loan
                                                                                                           values of $100,000 or less (Class D felony) and
                                                                                                           more than $100,000 (Class B felony). Tied-Barred
                                                                                                           to SB 1518. Similar to HB 6519.

Last Updated: 2/25/2011                                                                                                                               Page 13
                                                                                                           Adds residential mortgage fraud to the Code of
            Criminal procedure; sentencing guidelines; sentencing                                          Criminal Procedures for violations involving loan
            guidelines for crime of mortgage fraud; enact.                                                 values of $100,000 or less (Class D felony) and
                                                                                                           more than $100,000 (Class B felony). Tied-Barred
                                                                                                           to SB 1518. Similar to HB 6519.
            SB 1520 of 2010 (Stamas)                                                                       Provides specific sentences for crimes of forgery or
            Crimes; forgery; crimes of forgery or uttering and publishing                                  uttering and publishing of a real estate documents.
            of a real estate document; provide specific sentences for                                      Identical to HB 6520.


            SB 1521 of 2010 (Stamas)                                                                       Adds to the Code of Criminal Procedure sentencing
            Criminal procedure; sentencing guidelines; sentencing                                          guidelines for forgery and uttering and publishing of
            guidelines for forgery and uttering and publishing of real                                     real estate instruments. Identical to HB 6521.
            estate instruments; enact.
                                                                                                           Adds to the Code of Criminal Procedure an
            SB 1522 of 2010 (Kuipers)
                                                                                                           indictment for false pretenses involving real
            Criminal procedure; statute of limitations; certain crimes
                                                                                                           property, forgery and uttering and publishing of real
            relating to real property; revise statute of limitations.
                                                                                                           property or mortgage fraud which may be found
                                                                                                           and filed within 10 years after the offense was
                                                                                                           committed or within 10 years after the instrument
                                                                                                           affecting real property was recorded, whichever
                                                                                                           occurs later. Tied-Barred to SB 1518. Identical to
                                                                                                           HB 6513.
            SB 1523 of 2010 (Whitmer)                                          Referred to Senate          Would increase penalties for notary public
            Occupations; notaries public; penalties for notary public          Committee on Banking and    violations, changing from a misdemeanor to a
            violations; increase. Amends secs. 41, 43 & 49 of 2003 PA          Financial Institutions on   felony and imprisonment from 1 year to 4 years.
            238 (MCL 55.301 et seq.).                                          9/28/2010                   Same as HB 6149.
            SB 1524 of 2010 (Whitmer)                                          Referred to Senate        Would add notarial act violations as a felon under
            Criminal procedure; sentencing guidelines; sentencing              Committee on Banking and the Code of Criminal Procedure. Same as HB
            guidelines for notary public violations; enact.                    Financial Institutions on 6305.
                                                                               9/28/2010
            SB 1534 of 2010 (Whitmer)                                          Referred to Senate        Regulates the use of overdraft fees for banks,
            Financial institutions; banks; overdraft fees; regulate.           Committee on Banking and savings and loan associations, and savings banks.
                                                                               Financial Institutions on No bill for credit unions.
            SB 1535 of 2010 (Whitmer)
                                                                               9/29/
            Financial institutions; savings and loan associations; overdraft
            fees; regulate.

            SB 1536 of 2010 (Whitmer)
            Financial institutions; savings banks; overdraft fees; regulate.

            HB 6518 of 2010 (Tlaib)                                            Referred to House         Would make it a felony for a person or lender to
                                                                               Committee on Judiciary on knowingly commit residential mortgage fraud and
                                                                               9/28/2010                 provides penalties. Same as SB 1518.
Last Updated: 2/25/2011                                                                                                                            Page 14
                                                                                Referred to House         Would make it a felony for a person or lender to
               Financial institutions; generally; residential mortgage fraud;   Committee on Judiciary on knowingly commit residential mortgage fraud and
               prohibit                                                         9/28/2010                 provides penalties. Same as SB 1518.

               HB 6519 of 2010 (Tlaib)                                          Referred to House         Would do the same as SB 1519, except $100,000
               Criminal procedure; sentencing guidelines; sentencing            Committee on Judiciary on or less would be a Class C felony.
               guidelines for crime of mortgage fraud; enact.                   9/28/2010


Marketing & PA 21 of 2009 (formerly SB 0195 of 2009) (T. Stamas)                Assigned PA 21 of 2009     “CDARS” bills introduced by Sen. Stamas to permit
 Business   Local government; financing; investment in certain certificates     with immediate effect on   school districts, intermediate school districts and
Development of deposit; include credit unions. Amends sec. 1 of 1943 PA         5/6/2009; Effective        public corporations to invest with a CU registry.
            20 (MCL 129.91).                                                    5/5/2009
            SB 0196 of 2009 (T. Stamas)                                         Referred to House
            Education; financing; investment in certain certificates of         Committee on Banking and
            deposit; include credit unions. Amends secs. 622 & 1223 of          Financial Services on
            1976 PA 451 (MCL 380.622 & 380.1223).                               2/17/2009
            PA 22 of 2009 (formerly HB 4397 of 2009) (Mayes)                    Assigned PA 22 of 2009     HB 4397 and 4398 are the House version of
            Education; financing; investment of certain deposit; include        with immediate effect on   “CDARS,” introduced by Rep. Jeff Mayes (D-Bay
            credit unions.                                                      5/6/2009; Effective        City). [MCUL ACTION TAKEN - Submitted support
                                                                                5/5/2009                   letter to the House Banking and Financial Services
                                                                                                           Committee on 3/12/2009] For letters go to:
               HB 4398 of 2009 (Mayes)                                         Referred to Senate
               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
               PA 179 of 2009 (formerly SB 583 of 2009) (T. Stamas)            Assigned PA 179 of 2009     Allows community college surplus funds invested in
               Higher education; community colleges; investment of surplus with 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          Would authorize state loan guarantees to financial
               Economic development; other; small business loan guarantee       Committee on Banking and   institutions that provide commercial loans to small
               program; create. Amends sec. 88d of 1984 PA 270 (MCL             Financial Services on      businesses of up to $750,000 with less than 250
               125.2088d).                                                      9/15/2009                  employees and $6 million in gross sales.
               HB 6051 (H-1) of 2010 (Switalski)                       Referred to Senate                  Would amend the Michigan Strategic Fund Act to
               Economic development; other; center for microenterprise Committee on Commerce               require them to operate a Center for
               development; create. Amends 1984 PA 270 (MCL 125.2001 - and Tourism on 5/13/2010            Microenterprise Development, create a fund, and
               125.2094) by adding ch. 7A.                                                                 establish an advisory board to assist in developing
                                                                                                           policies and in awarding grants and loans. The
                                                                                                           Center would make grants and loans to
                                                                                                           microenterprise development organizations.
  Last Updated: 2/25/2011                                                                                                                             Page 15
                                                                                                          establish an advisory board to assist in developing
                                                                                                          policies and in awarding grants and loans. The
                                                                                                          Center would make grants and loans to
            HB 6052 (H-1) of 2010 (McDowell)                                                              microenterprise development organizations.
            Economic development; other; microenterprise development;
            create. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by
            adding secs. 79c, 79d & 79e. TIE BAR WITH: HB 6051'10

            HB 6440 of 2010 (Melton)                                         Referred to House            Prohibits the State Treasurer from investing surplus
            State financing and management; other; state deposits in         Committee on Banking and     funds or deposit surplus funds in a financial
            banks not participating in certain MSHDA programs; prohibit      Financial Services on        institution unless that financial institution is a
                                                                             9/15/2010                    participating servicer under Michigan’s Helping
                                                                                                          Hardest Hit Homeowner’s Plan.

 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            The bill would provide that use of a credit history
            Labor; fair employment practices; use of credit history in the   Committee on Labor on        would be prohibited during the hiring process.
            hiring process; prohibit. Creates new act.                       3/10/2009                    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 Senate           Requires financial institutions to report cases of
            Human services; other; mandatory reporting of suspected          Committee on Senior          suspected financial exploitation. HB 5193 is a
            financial exploitation of certain adults; require of financial   Citizens and Veterans        reintroduction of HB 5728 from 2007. [MCUL
            institutions. Amends the Social Welfare Act.                     Affairs on 6/22/2010         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
            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.

Last Updated: 2/25/2011                                                                                                                              Page 16
                HB 6141 of 2010 (Meekhof) (H-4)                                 Referred to the Full House   This bill would amend the Uniform Securities Act so
                Occupations; individual licensing and regulation; testing for   on 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.]
                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)

   Last Updated: 2/25/2011                                                                                                                             Page 17
            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)                                          Ordered Enrolled on        Similar to SB 350'09 and SB 1390 from last
            Civil procedure; foreclosure; amount required to redeem           12/3/2010                  session, the bill would allow a register of deeds to
            foreclosed property; allow certain registers of deeds to                                     determine the amount necessary to redeem
            calculate. Amends sec. 3240 of 1961 PA 236 (MCL                                              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          Provides for a 1 year moratorium on foreclosures
            Civil procedure; foreclosure; 1-year moratorium on residential    Committee on Banking and for residential mortgages and land contracts. HB
            mortgage and land contract foreclosures; make applicable to       Financial Services on      4033 and 4034 are Tie Barred.
            MSHDA mortgages and land contracts. TIE BAR WITH: HB              1/22/2009
            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           Establishes a mediation program and moratorium
            Civil procedure; foreclosure; mediation program and               Committee on Banking and    for residential foreclosures.
            moratorium for residential mortgage foreclosures; establish.      Financial Services on
            HB 4211 (H-3) of 2009 (Jackson)                                   1/22/2009 Senate
                                                                              Referred to                 The bill requires a rental agreement to contain a
                                                                              Committee on Banking and    provision that a landlord must notify a tenant of any
                                                                              Financial Institutions on   foreclosure actions being taken.
                                                                              3/18/2009
Last Updated: 2/25/2011                                                                                                                              Page 18
                                                                             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           Allows sales of foreclosed property to be made in
            Liens; mortgages; public sale of property being foreclosed by    Committee on                the office of the county sheriff. Under current law
            advertisement; allow to be held in sheriff's office.             Intergovernmental and       the sales must take place in the office of the county
                                                                             Regional Affairs on         clerk.
            PA 29 of 2009 (formerly HB 4453 of 2009) (Jackson)               2/17/2009PA 29-31 of 2009
                                                                             Assigned                    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        Coulouris and the House Dems to provide for a 90
            create. Amends title & sec. 3204 of 1961 PA 236 (MCL             7/5/2009                    day workout period in an effort to modify loans and
            600.3204) & adds sec. 3205. TIE BAR WITH: HB 4454'09,                                        avoid foreclosure. [MCUL ACTION TAKEN -
            HB 4455'09.                                                                                  Submitted four support letters, three to House
                                                                                                         Banking Committee on 2/26/09, 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: 2/25/2011                                                                                                                             Page 19
            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        Woud require employees of mortgage holders to
            Civil procedure; foreclosure; mediation of mortgages in          Committee on Banking and attend mediation of mortgages in default if
            default; require employee of mortgage holder to attend           Financial Services on    requested by the borrower.
            mediation. Amends sec. 3205a of 1961 PA 236 (MCL                 3/9/2010
            600.3205a).
            HB 6306 of 2010 (Tlaib)                                          Referred to House         Would require the foreclosing governmental unit to
            Property tax; delinquent taxes; notice of judgment foreclosing   Committee on Urban Policy send a notice of judgment by first-class mail to
            property; revise.                                                on 7/1/2010               each person with a legal interest in an improved
                                                                                                       property and to the occupant, if any, at the address
                                                                                                       for the property listed in the tax rolls or ascertained
                                                                                                       during the personal visit to the property if the
                                                                                                       address is evident.
            HB 6413 of 2010 (Opsommer)                                       Referred to House         Would limit the amount that a designee may charge
            Civil procedure; foreclosure; payment required to redeem a       Committee on Judiciary on to calculate payment required to redeem a
            foreclosed home; limit amount that a designee may charge to      9/8/2010                  foreclosed home to $50.
            calculate.
            HB 6423 of 2010 (Johnson)                                     Referred to House               Would prohibit foreclosure of mortgages by
            Civil procedure; foreclosure; power to foreclose mortgages by Committee on Banking and        advertisement if mortgage holders do not
            advertisement; prohibit if mortgage holder does not           Financial Services on           participate in the Help for Hardest Hit Program. HB
            participate in help for hardest hit program.                  9/8/2010                        6423 and SB 1481 are identicial bills.
            SB 1481 of 2010 (Hunter)                                      Referred to Senate
            Civil procedure; foreclosure; power to foreclose mortgages by Committee on Judiciary on
            advertisement; prohibit if mortgage holder does not           9/8/2010
            participate in help for hardest hit program.
            SB 1510 of 2010 (Richardville)                                Referred to Senate              Would eliminate the sunset, require borrowers to
            Civil procedure; foreclosure; mortgage modification           Committee on Banking and        provide requested documents to the lender within
            negotiation procedures; modify, and eliminate sunset.         Financial Institutions on       10 days, and provides regulations and penalties on
                                                                          9/23/2010                       housing counselors.
            HB 6544 of 2010 (Griffin)                                     Referred to House               Would provide education and counseling for people
            Liens; mortgages; fee on home purchases; establish, and       Committee on Banking and        facing the foreclosure or forfeiture of mortgages or
            earmark into a foreclosure prevention education program.      Financial Services on           land contracts of their homes by imposing a fee on
            Creates new act & repeals.                                    11/9/2010                       the transfer of certain real property.



Campaign    HB 4284 (H-2) of 2009 (Miller)                                   Referred to Senate           Would eliminate a requirement that employees
 Finance                                                                     Committee on Campaign        affirm annually that they want paycheck deductions
                                                                             and Election Oversight on    to go into a union or corporate PAC. Sen. Prusi
                                                                             10/29/2009                   introduced SB 830'09 on 9/17/09 that mirrors HB
Last Updated: 2/25/2011                                                                                   4284. [MCUL ACTION TAKEN - Submitted     Page 20
                                                                                                          testimony card on 7/14/09 and10/28/09, in support.
Campaign                                                                      Referred to Senate          Would eliminate a requirement that employees
 Finance      Campaign finance; contributions and expenditures; annual        Committee on Campaign       affirm annually that they want paycheck deductions
              signature requirement for political action committee checkoff   and 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       clarifies procedure if Attorney General is involved.
              amendments; provide for. Amends the Michigan Campaign           and 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 (S-2) of 2009 (Sheltrown)                           Returned to House and           Would put financial literacy on equal footing with
 Literacy     Education; curricula; general diploma curriculum as         Laid Over for One Day on        algebra II so a student could chose between
              alternative for high school graduation; provide for. Amends 12/1/2010                       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.
              HR 0029 of 2009 (J. Switalski)                                  Referred to House
              A resolution to express support for community banks in          Committee on Banking and
              Michigan and to urge federal action to promote Michigan's       Financial Services on
              banking industry.                                               2/19/2009
              HR 0035 of 2009 (Lemmons)                                       Referred to House
              A resolution to memorialize the Congress of the United States   Committee on Banking and
              to create the Homeowners and Bank Protection Act.               Financial 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



 Last Updated: 2/25/2011                                                                                                                             Page 21
                                                                               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
            A concurrent resolution to memorialize the United States           Committee on Banking and
            Congress to embrace greater economic transparency by               Financial Services on
            enacting H.R. 1207, the Federal Reserve Transparency Act of        12/17/2009
            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.
            HR 0337 of 2010 (Scripps)                                      Adopted 9/23/2010
            A resolution to declare October 17-23, 2010, as Credit Union
            Week in the state of Michigan.
            SR 0182 of 2010 (Sanborn)                                          Adopted 9/28/2010
            A resolution recognizing October 17-23, 2010, as Credit
            Union Week and honoring all Michigan credit unions.




Last Updated: 2/25/2011                                                                                   Page 22

				
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