2012 Senate Bill 908 / Public Act 150

Revise mortgage loan originator licensure detail

Introduced in the Senate

Jan. 25, 2012

Introduced by Sen. Darwin Booher (R-35)

To revise details of the state law that imposes licensure on mortgage loan officers, making it conform with federal law on this.

Referred to the Committee on Banking and Financial Institutions

Feb. 21, 2012

Reported without amendment

With the recommendation that the substitute (S­1) be adopted and that the bill then pass.

Feb. 29, 2012

Substitute offered

The substitute passed by voice vote

March 1, 2012

Passed in the Senate 36 to 0 (details)

Received in the House

March 1, 2012

Referred to the Committee on Banking and Financial Services

April 18, 2012

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

May 9, 2012

Substitute offered

The substitute passed by voice vote

May 10, 2012

Passed in the House 107 to 0 (details)

To revise details of the state law that imposes licensure on mortgage loan officers, making it conform with federal law on this.

Received in the Senate

May 15, 2012

May 17, 2012

Passed in the Senate 38 to 0 (details)

Signed by Gov. Rick Snyder

May 30, 2012