Michigan · 2025-2026 Regular Session · 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).

In committee Last action October 27, 2026: REFERRED TO COMMITTEE OF THE WHOLE WITH SUBSTITUTE (S-1)

Plain-language summary

SB 1029 is a bill introduced in the Michigan Senate on June 10, 2026. According to its official title, it concerns: Financial institutions: credit unions; notice requirements for certain closures by credit unions; modify. Amends sec. 221 of 2003 PA 215 (MCL 490.221). Primary sponsor: Kevin Daley (Republican). It lists 6 additional sponsors. Most recent recorded action (October 27, 2026): REFERRED TO COMMITTEE OF THE WHOLE WITH SUBSTITUTE (S-1).

Sponsors

Primary sponsor: Kevin Daley (Republican). 6 co-sponsors.