MI SB1525 | 2009-2010 | 95th Legislature

Michigan Senate Bill 1525 (Prior Session Legislation)

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on December 29 2010 - 100% progression
Action: 2010-12-29 - Assigned Pa 0356'10 With Immediate Effect
Text: Latest bill text (Chaptered) [HTML]

Summary

Financial institutions; loan officers; surety bond requirements for mortgage loan originators; modify. Amends secs. 3 & 29 of 2009 PA 75 (MCL 493.133 & 493.159).

Title

Financial institutions; loan officers; surety bond requirements for mortgage loan originators; modify. Amends secs. 3 & 29 of 2009 PA 75 (MCL 493.133 & 493.159).

Roll Calls

2010-11-10 - Senate - Reported Favorably With Substitute S-1 (Y: 4 N: 0 NV: 0 Abs: 0) [PASS]

History

Date	Chamber	Action
2010-12-29		Assigned Pa 0356'10 With Immediate Effect
2010-12-29		Filed With Secretary Of State 12/22/2010 @ 1:54 Pm
2010-12-29		Approved By Governor 12/22/2010 @ 1:10 Pm
2010-12-29		Presented To Governor 12/17/2010 @ 2:28 Pm
2010-12-15		Ordered Enrolled
2010-12-15		Full Title Agreed To
2010-12-15		Given Immediate Effect
2010-12-15		House Inserted Full Title
2010-12-15		Returned To Senate
2010-12-15		Inserted Full Title
2010-12-15		Passed; Given Immediate Effect Roll Call # 610 Yeas 92 Nays 3
2010-12-15		Read A Third Time
2010-12-15		Placed On Immediate Passage
2010-12-15		Placed On Third Reading
2010-12-15		Read A Second Time
2010-12-15		Placed On Second Reading
2010-12-15		Motion To Discharge Committee Approved
2010-12-15		Rule Suspended
2010-12-01		Notice Given To Discharge Committee
2010-11-10		Referred To Committee On Banking And Financial Services
2010-11-10		Read A First Time
2010-11-10		Received On 11/10/2010
2010-11-10		Passed Roll Call # 527 Yeas 38 Nays 0 Excused 0 Not Voting 0
2010-11-10		Placed On Immediate Passage
2010-11-10		Rules Suspended
2010-11-10		Placed On Order Of Third Reading With Substitute S-1
2010-11-10		Substitute S-1 Concurred In
2010-11-10		Reported By Committee Of The Whole Favorably With Substitute S-1
2010-11-10		Referred To Committee Of The Whole With Substitute S-1
2010-11-10		Committee Recommended Immediate Effect
2010-11-10		Reported Favorably With Substitute S-1
2010-09-28		Referred To Committee On Banking And Financial Institutions

Subjects

Consumer credit, other
Financial institutions, banks
Financial institutions, credit unions
Financial institutions, loan officers
Financial institutions, mortgage brokers and lenders
Occupations, other

Michigan State Sources

Type	Source
Summary	https://legislature.mi.gov/doc.aspx?2010-SB-1525
Text	https://legislature.mi.gov/documents/2009-2010/billintroduced/Senate/htm/2010-SIB-1525.htm
Text	https://legislature.mi.gov/documents/2009-2010/billengrossed/Senate/htm/2010-SEBS-1525.htm
Text	https://legislature.mi.gov/documents/2009-2010/billengrossed/Senate/htm/2010-SEBH-1525.htm
Text	https://legislature.mi.gov/documents/2009-2010/publicact/htm/2010-PA-0356.htm
Roll Call	https://legislature.mi.gov/documents/2009-2010/Journal/Senate/htm/2010-SJ-11-10-087.htm