SENATE BILL No. 711

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

and Financial Institutions.

A bill to amend 1980 PA 307, entitled

"Savings and loan act of 1980,"

(MCL 491.102 to 491.1202) by adding section 737.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

1 SEC. 737. AN ASSOCIATION IS SUBJECT TO AND SHALL COMPLY

2 WITH ALL OF THE REQUIREMENTS OF THE MICHIGAN PREDATORY LENDING

3 PRACTICES ACT.

05820'01 c Final page. SAT