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Bill > HB5783
MI HB5783
MI HB5783Financial institutions: credit unions; certain communication with a qualified private insurance organization; allow. Amends sec. 207 of 2003 PA 215 (MCL 490.207). TIE BAR WITH: HB 5779'26, HB 5780'26, HB 5781'26, HB 5782'26
summary
Introduced
04/14/2026
04/14/2026
In Committee
04/14/2026
04/14/2026
Crossed Over
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 2003 PA 215, entitled"Credit union act,"by amending section 207 (MCL 490.207), as amended by 2016 PA 155.
AI Summary
This bill amends the Credit Union Act to allow the director of financial institutions, or their authorized agent, to share confidential examination documents, materials, or information with a "qualified private insurance organization," which is defined as an entity that primarily insures the shares of a credit union, provided that the organization agrees to maintain the confidentiality of the shared information. This provision is intended to facilitate cooperation and information exchange between state regulators and private insurance entities involved in credit union oversight, while still safeguarding the sensitive nature of examination data.
Committee Categories
Business and Industry
Sponsors (7)
Brenda Carter (D)*,
Brian BeGole (R),
Matthew Bierlein (R),
Jay DeBoyer (R),
Mike Harris (R),
Mike McFall (D),
Jason Woolford (R),
Last Action
Bill Electronically Reproduced 04/14/2026 (on 04/15/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-5783 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/House/htm/2026-HIB-5783.htm |
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