Introduced
by
To establish that the registration for mortgage loan officers proposed by House Bill 5288 would be valid for one calendar year, and establish a 12 hour continuing education requirement every two years. The bill is part of a subprime home loan regulation package comprised of House Bills 5287 to 5310 and Senate Bills 826 to 833.
Referred to the Committee on Banking and Financial Institutions
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 38 to 0 (details)
To establish that the registration for mortgage loan officers proposed by House Bill 5288 would be valid for one calendar year, and establish a six hour annual continuing education requirement. The bill is part of a subprime home loan regulation package comprised of House Bills 5287 to 5310 and Senate Bills 826 to 833.
Referred to the Committee on Banking and Financial Services
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Amendment offered
by
To specify that another state's instructional requirements for loan officers must be comparable to Michigan's for reciprocal registration to apply.
The amendment passed by voice vote
Passed in the House 107 to 0 (details)
To establish that the registration for mortgage loan officers proposed by House Bill 5288 would be valid for one calendar year, and establish a six hour annual continuing education requirement. The bill is part of a subprime home loan regulation package comprised of House Bills 5287 to 5310 and Senate Bills 826 to 833.
To concur with the House-passed version of the bill.
Passed in the Senate 38 to 0 (details)
