Bill Title: Financial institutions: payday lending; deferred presentment service transactions that charge service fees greater than an annual rate of 36%; prohibit. Amends sec. 33 of 2005 PA 244 (MCL 487.2153).

Spectrum: Moderate Partisan Bill (Democrat 8-2)

Status: (Engrossed) 2024-03-14 - Referred To Committee On Insurance And Financial Services [SB0632 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Engrossed	2024-03-14	HTML/Text	Link	View
Introduced	2023-11-01	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Michigan SB0632

Supplemental Documents

Title	Description	Date	Format	Source	View
Fiscal Note/Analysis	SUMMARY OF INTRODUCED BILL IN COMMITTEE	2024-02-27	PDF	Link	View
Fiscal Note/Analysis	SUMMARY OF BILL REPORTED FROM COMMITTEE	2024-03-11	PDF	Link	View
Fiscal Note/Analysis	House: Summary as Passed by the Senate	2024-04-17	PDF	Link	View

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