Consumer protection: identity theft; references to identity theft protection act in deferred presentment service transactions act; revise. Amends sec. 22 of 2005 PA 244 (MCL 487.2142).

This bill amends Michigan's Deferred Presentment Service Transactions Act to update references to the Identity Theft Protection Act and clarify the requirements for a statewide database. The legislation mandates that the state commissioner director establish and maintain a real-time online database accessible to licensed check cashers to track open transactions and verify customer information. Key provisions require the database operator to protect customer data, prevent fraud, and automatically close transactions after a set period unless a licensee reports an issue. Additionally, the bill outlines strict rules for selecting third-party providers, including penalties for violations and rights for individuals harmed by such violations to seek legal recourse.