IntroducedNov 01, 2023
Signed into Law
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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Official Summary/Bill Text
- Nov 02, 2023 | House
- bill electronically reproduced 11/02/2023
- Nov 01, 2023 | House
- introduced by Representative Abraham Aiyash
- read a first time
- referred to Committee on Insurance and Financial Services