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).

HB 5290 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)

Michigan 102nd Legislature

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).
HB-5290


About HB-5290

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).

  

Bill Texts

Introduced 11/01/2023

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History

Bill Electronically Reproduced 11/02/2023

11/02/2023

Bill Electronically Reproduced 11/01/2023

11/02/2023

Introduced By Representative Abraham Aiyash

11/01/2023

Read A First Time

11/01/2023

Referred To Committee On Insurance And Financial Services

11/01/2023