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).

This bill requires Michigan's financial regulator to create and submit annual reports on payday lending activity. Starting in October 2025, the report must include details such as the number of lenders, customer counts, transaction volumes, fees, and complaint statistics, broken down by location. The regulator must also publish these reports on its website to make the data publicly accessible. These provisions aim to increase transparency regarding deferred presentment service providers without changing the core rules for how these loans operate.