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).
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2018
Committee Review
Floor Vote
Governor
Introduced Jun 12, 2018
Last action Aug 15, 2018
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Jun 12, 2018
Committee
referred to Committee on Financial Services
lower
Jun 12, 2018
Introduced
introduced by Representative William Sowerby
lower
0 primary · 30 co-sponsors
Sponsors
No sponsor information available.
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