Financial 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

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Plain-English Summary

This bill amends the Credit Union Act to update rules for examining credit unions. It clarifies that examination reports and related documents are confidential and privileged, meaning they are not subject to public information requests or subpoenas in private lawsuits. The bill also outlines how the director of the credit union can share these confidential documents with other regulatory and law enforcement agencies, and it establishes a process for handling demands for these documents.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

Votes

Sponsorship · 7 Sponsors

Democrat2Republican5Independent0Other0

D · PrimeBrenda Carter
R · CoMike Harris
R · CoJason Woolford
D · CoMike McFall
R · CoJay DeBoyer
R · CoMatthew Bierlein
R · CoBrian BeGole

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