Bill Title: Consumer credit: interest rates; maximum interest rate allowed for medical debt; modify. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: SB 0702'25

Sponsorship: Moderate Partisan Bill (Democrat 4-1)

Status: (Engrossed) 2026-06-17 - Referred To Second Reading [SB0701 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Engrossed	2026-03-11	HTML/Text	Link	View
Introduced	2025-11-06	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Michigan SB0701

Supplemental Documents

Title	Description	Date	Format	Source	View
Fiscal Note/Analysis	Senate: SUMMARY OF INTRODUCED BILL IN COMMITTEE	2026-01-26	PDF	Link	View
Fiscal Note/Analysis	Senate: SUMMARY OF BILL REPORTED FROM COMMITTEE	2026-03-05	PDF	Link	View
Fiscal Note/Analysis	Senate: SUMMARY OF BILL ON THIRD READING	2026-03-11	PDF	Link	View
Fiscal Note/Analysis	Senate: ANALYSIS AS PASSED BY THE SENATE	2026-04-23	PDF	Link	View
Fiscal Note/Analysis	House: Summary as Passed by the Senate	2026-06-16	PDF	Link	View