Michigan HB 5253: Financial institutions; payday lending; legislative report requirement concerning deferred presentment service providers and transactions; revise. Amends sec. 51 of 2005 PA 244 (MCL 487.2171).

Status: REFERRED TO COMMITTEE ON REGULATORY REFORM (as of 2020-05-28)

State: Michigan · Session: 2019-2020 · Bill: HB 5253

Subjects: Financial institutions: payday lending, Consumer credit: lending practices, Consumer credit: collection practices, Legislature: reports, State agencies (existing): insurance and financial services

Sponsors: Abdullah Hammoud, Brenda Carter, Cynthia Johnson, Darrin Camilleri, David LaGrand, Donna Lasinski, Frank Liberati, Isaac Robinson, Jewell Jones, Jim Ellison, Jim Haadsma, John Cherry, Jon Hoadley, Joseph Tate, Kara Hope, Karen Whitsett, LaTanya Garrett, Laurie Pohutsky, Leslie Love, Matt Koleszar, Rachel Hood, Robert Wittenberg, Sara Cambensy, Sarah Anthony, Sheldon Neeley

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