Bill
SB 1029
Financial institutions: credit unions; notice requirements for certain closures by credit unions; modify. Amends sec. 221 of 2003 PA 215 (MCL 490.221).
2025-2026 Regular Session
Introduced by Joe Bellino and 6 co-sponsors
The bill clarifies who can order or authorize temporary emergency closures of a Michigan credit union and its branches, how long they last, and required notices.
REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION