HB 5290 MI
Financial institutions: payday lending; deferred presentment service transactions that charge service fees greater than an annual rate of 36%; prohibit. Amends sec. 33 of 2005 PA 244 (MCL 487.2153).
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Sponsor (1)
- Abraham Aiyash · primary
22 coauthors / cosponsors
- Carol Glanville Democratic · cosponsor
- Natalie Price Democratic · cosponsor
- Stephanie A. Young Democratic · cosponsor
- Cynthia Neeley Democratic · cosponsor
- Jason Morgan Democratic · cosponsor
- Kimberly Edwards Democratic · cosponsor
- Amos O'Neal Democratic · cosponsor
- Emily Dievendorf Democratic · cosponsor
- Kara Hope Democratic · cosponsor
- Veronica Paiz Democratic · cosponsor
- Donavan McKinney Democratic · cosponsor
- Denise Mentzer Democratic · cosponsor
- Felicia Brabec · cosponsor
- Lori Stone · cosponsor
- Jimmie Wilson Jr. Democratic · cosponsor
- Pat Outman Republican · cosponsor
- Sharon MacDonell Democratic · cosponsor
- John Roth Republican · cosponsor
- Gina Johnsen Republican · cosponsor
- Dale Zorn · cosponsor
- Alabas Farhat Democratic · cosponsor
- Karen Whitsett Democratic · cosponsor
Action history (4)
- Nov 1, 2023 introduced by Representative Abraham Aiyash · lower
- Nov 1, 2023 read a first time · lower
- Nov 1, 2023 referred to Committee on Insurance and Financial Services · lower
- Nov 2, 2023 bill electronically reproduced 11/01/2023 · lower
Subjects
Consumer credit: interest ratesFinancial institutions: payday lendingState agencies (existing): insurance and financial services
Text versions (2)
Full text
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