Introduced
by
To extend until June 30, 2014 the sunset on a <a href="http://www.michiganvotes.org/2009-HB-4453">2009 law</a> that forces mortgage lenders to attempt to negotiate revisions in the terms of delinquent loans before they can proceed to a “foreclosure by advertisement” (instead of the more costly judicial foreclosure process). This would be the second time this “temporary” law has been extended.
Referred to the Committee on Banking and Financial Institutions
Reported without amendment
With the recommendation that the bill pass.
Amendment offered
by
To remove the "tie-bar" that requires some related bills to go into law before this one can.
The amendment passed by voice vote
Passed in the Senate 37 to 0 (details)
Referred to the Committee on Financial Services
Reported without amendment
With the recommendation that the resolution be adopted.
