Updated, May 13, 3:13 p.m.
LANSING — Later this afternoon, the Michigan House is set vote on and expected to approve carefully negotiated home foreclosure prevention legislation hammered out between House and Senate lawmakers. But lawmakers involved in the deal aren’t disclosing what’s in the bill until it’s introduced.
“The compromise legislation is very fragile,” Rep. Andy Coulouris, the Saginaw Democrat who chairs the House Banking and Financial Services Committee, told Michigan Messenger during a House Judiciary Committee hearing. Although the compromise is delicate, he does expect it to pass the House and Senate.
Michigan Messenger reported last month that lawmakers involved in the negotiations were looking at state legislation passed in California as a possible model. Although Sen. Randy Richardville, a Monroe Republican, said at the time that “[i]n a nutshell, there is a list of criteria from California,” Coulouris said the committee wasn’t considering “any one model” and earlier this afternoon, refused to disclose any details about the legislation until it’s formally introduced and voted on.
A House Democratic press release on the vote did not give much detail as to the nature of the compromise legislation aside from it “will extend a 90-day lifeline to residents as risk of foreclosure who seek help” with their foreclosure situations.
The House has been set to vote on the compromise legislation at 1:30 p.m., but could be delayed depending on scheduling matters.
UPDATE: May 13, 2009, 3:13 p.m.
The legislation passed the House earlier this afternoon on a 94-14 vote.
With reporting from Michigan Messenger’s Todd A. Heywood