Bill Title: 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).

Spectrum: Moderate Partisan Bill (Democrat 8-2)

Status: (Engrossed) 2024-03-14 - Referred To Committee On Insurance And Financial Services [SB0632 Detail]

Text: Latest bill text (Engrossed) [HTML]

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