SENATE BILL No. 709

October 16, 2001, Introduced by Senator GARCIA and referred to the Committee on Banking

and Financial Institutions.

A bill to amend 1996 PA 354, entitled

"Savings bank act,"

(MCL 487.3101 to 487.3804) by adding section 435.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

1 SEC. 435. A SAVINGS BANK IS SUBJECT TO AND SHALL COMPLY

2 WITH ALL OF THE REQUIREMENTS OF THE MICHIGAN PREDATORY LENDING

3 PRACTICES ACT.

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