Financial institutions: other; consumer financial services act; revise internal references related to money transmission services. Amends sec. 10g of 1988 PA 161 (MCL 487.2060g). TIE BAR WITH: HB 5544'26

HB 5550 updates the Consumer Financial Services Act to correctly reference "money transmission services" as defined in the separate Money Transmission Services Act. It revises Section 10g of the act to align internal references with current definitions, ensuring consistency between laws. This is a technical correction affecting how the law cites money transmission services, not a change to enforcement rules or penalties. The bill does not alter existing prohibitions on fraud, money laundering, or licensing requirements. It takes effect January 1, 2026, pending passage of related legislation (HB 5544).