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  • Introduced
    Nov 01, 2023
  • Passed Senate
    Mar 14, 2024
  • Passed House
  • Signed into Law
SB 632
Michigan Senate Bill
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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).
Last Action See all actions
House • Mar 14, 2024: referred to Committee on Insurance and Financial Services

Official Summary/Bill Text

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  • Mar 14, 2024 | House
    • received on 03/14/2024
    • read a first time
    • referred to Committee on Insurance and Financial Services
  • Mar 14, 2024 | Senate
    • AMENDMENT(S) DEFEATED
    • PASSED ROLL CALL # 58 YEAS 24 NAYS 13 EXCUSED 0 NOT VOTING 1
  • Mar 13, 2024 | Senate
    • REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S)
    • PLACED ON ORDER OF THIRD READING
  • Mar 07, 2024 | Senate
    • REPORTED FAVORABLY WITHOUT AMENDMENT
    • REFERRED TO COMMITTEE OF THE WHOLE
  • Nov 01, 2023 | Senate
    • INTRODUCED BY SENATOR SARAH ANTHONY
    • REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION