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Financial Institutions

2019 House Bill 5146

Revise mortgage loan officer licensure detail

Introduced by Rep. Diana Farrington (R-30) on Oct. 23, 2019
Passed 107 to 0 in the House on Jan. 21, 2020

2019 House Bill 5084 / Public Act 141

Revise mortgage loan originator license detail

Introduced by Rep. Diana Farrington (R-30) on Oct. 8, 2019
Passed 109 to 0 in the House on Oct. 29, 2019
Passed 36 to 0 in the Senate on Nov. 13, 2019
Signed by Gov. Gretchen Whitmer on Dec. 4, 2019

2019 House Bill 4580

Mandate currency exchange price posting

Introduced by Rep. Leslie Love (D-10) on May 9, 2019

2019 House Bill 4251

Cap payday loan fees

Introduced by Rep. Bill Sowerby (D-31) on Feb. 26, 2019

2017 Senate Bill 729 / 2018 Public Act 573

Exempt gift cards from money transmission service regulations

Introduced by Sen. Margaret O’Brien (R-20) on Dec. 13, 2017
Passed 36 to 0 in the Senate on May 8, 2018
Passed 35 to 0 in the Senate on May 10, 2018
Passed 107 to 2 in the House on Dec. 21, 2018
Passed 38 to 0 in the Senate on Dec. 21, 2018
Signed by Gov. Rick Snyder on Dec. 28, 2018

2017 Senate Bill 728

Clarify state credit card regulations

Introduced by Sen. Peter MacGregor (R-28) on Dec. 13, 2017
Passed 36 to 0 in the Senate on May 8, 2018
Passed 92 to 17 in the House on Dec. 21, 2018
Vetoed by Gov. Rick Snyder on Dec. 27, 2018

2018 House Bill 6448

Impose licensure, fees, regulations on some student loan servicers

Introduced by Rep. Henry Yanez (D-25) on Oct. 17, 2018

2018 House Bill 6446

Create “student loan ombudsman” office

Introduced by Rep. Henry Yanez (D-25) on Oct. 17, 2018

2018 House Bill 6352

Require financial institutions give tips to government depositors

Introduced by Rep. Patrick Green (D-28) on Sept. 12, 2018

2018 House Bill 6215

Cap payday loan fees

Introduced by Rep. Bill Sowerby (D-31) on June 12, 2018

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