state_legiscan_drain · MI
Financial institutions: credit unions; commitment for insurance from a qualified private insurance organization; allow for domestic credit unions in certain filings. Amends sec. 301 of 2003 PA 215 (MCL 490.301). TIE BAR WITH: HB 5780'26, HB 5781'26, HB 5782'26, HB 5783'26
April 14, 2026
Summary
If enacted, this bill would allow domestic credit unions in Michigan to use commitments for insurance from qualified private insurance organizations in certain filings. This would provide additional options for credit unions to meet insurance requirements, affecting their regulatory compliance and filings.
AI-generated summary · Jun 21, 2026. Verify with your compliance counsel before acting.
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Source: https://legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-5779
Common questions
- What does "Financial institutions: credit unions; commitment for insurance from a qualified private insurance organization; allow for domestic credit unions in certain filings. Amends sec. 301 of 2003 PA 215 (MCL 490.301). TIE BAR WITH: HB 5780'26, HB 5781'26, HB 5782'26, HB 5783'26" cover?
- If enacted, this bill would allow domestic credit unions in Michigan to use commitments for insurance from qualified private insurance organizations in…
- When was it published?
- It was published on April 14, 2026.
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