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Office of Banking
The Office of Banking ensures that Michigan's state-chartered banks, savings banks and Business and Industrial Development Companies (BIDCOs) are operating safely and soundly, that public confidence in the financial system is maintained, and that the interests of depositors, creditors and shareholders are protected.
Codes and Acts
- Banking Code of 1999 PDF Version
- Savings Bank Act
- Michigan BIDCO Act
- Electronic Funds Transfers Act
- Uniform Unclaimed Property Act
- Suspension of Business (Emergency Closing)
- Mortgage Lending Practices
- Foreclosure of Mortgages by Advertisement
- Derogatory statement regarding financial condition of a bank - Michigan Penal Code Sec. 97
- Residential Mortgage Fraud - Michigan Penal Code Sec. 291d
- Emergency Closing Act
Commissioner's Orders, Rulings and Communications
- Bank Lending Limits 13-005-BT
Order Adopting Consideration of Credit Exposure to Derivative Transactions in Lending Limits
- Citizens Bank 12-023-BT
Order Authorizing State Chartered Banks to Pledge Assets to Counterparties in Interest Rate Swap Transactions
- Commissioner's letter regarding deposit insurance cost increases
- Commissioner's Comment to FDIC Regarding Legacy Loan Program
- Banks directed to provide branch trade names
- Commissioner Comments to FDIC on Roundtable Petition
- Commissioner Comment on Reg. CC Amendments
- Declaratory Rulings