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  • Introduced
    Nov 01, 2023
  • Passed House
  • Passed Senate
  • Signed into Law
HB 5290
Michigan House 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 • Nov 02, 2023: bill electronically reproduced 11/01/2023

Official Summary/Bill Text

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  • Nov 02, 2023 | House
    • bill electronically reproduced 11/01/2023
  • Nov 01, 2023 | House
    • introduced by Representative Abraham Aiyash
    • read a first time
    • referred to Committee on Insurance and Financial Services