Michigan HB 6215: Financial institutions; payday lending; deferred presentment service transactions that charge service fees greater than an annual rate of 36%; prohibit. Amends secs. 33 & 40 of 2005 PA 244 (MCL 487.2153 & 487.2160).

Status: bill electronically reproduced 06/12/2018 (as of 2018-08-15)

State: Michigan · Session: 2017-2018 · Bill: HB 6215

Subjects: Financial institutions: payday lending, Consumer credit: interest rates, State agencies (existing): insurance and financial services

Sponsors: 31, Abdullah Hammoud, Adam Zemke, Brian Elder, Cara Clemente, Darrin Camilleri, David LaGrand, Erika Geiss, Frank Liberati, Henry Yanez, Jeremy Moss, Jim Ellison, John Chirkun, Jon Hoadley, Kevin Hertel, Kristy Pagan, Leslie Love, Patrick Green, Robert Wittenberg, Ronnie Peterson, Sara Cambensy, Scott Dianda, Sherry Gay-Dagnogo, Stephanie Chang, Terry Sabo

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