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).
Bill status
passed
3 of 5 stages cleared
Introduction
Nov 2023
Committee Review
Mar 2024
Senate Passage
Mar 2024
House Passage
Governor
Introduced Nov 1, 2023
Last action Mar 14, 2024
Floor votes · Senate Mar 14, 2024
How they voted
24–13
Passed · 1 other
Total votes 38
Mar 14, 2024
D
Democratic20
100% Yea
R
Republican18
72% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
11
Key actions
1
Committee
5
Amendments
1
Mar 14, 2024
House · Referred to committee
referred to Committee on Insurance and Financial Services
Mar 14, 2024
House · Introduced
received on 03/14/2024
Mar 14, 2024
Senate · Passed
PASSED ROLL CALL # 58 YEAS 24 NAYS 13 EXCUSED 0 NOT VOTING 1
Mar 14, 2024
Senate · Amendment failed
AMENDMENT(S) DEFEATED
Mar 13, 2024
Senate · Reported by committee
REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S)
Mar 7, 2024
Senate · Referred to committee
REFERRED TO COMMITTEE OF THE WHOLE
Mar 7, 2024
Senate · Reported by committee
REPORTED FAVORABLY WITHOUT AMENDMENT
Nov 1, 2023
Senate · Referred to committee
REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION
Nov 1, 2023
Senate · Introduced
INTRODUCED BY SENATOR SARAH ANTHONY
1 primary · 9 co-sponsors
Sponsors
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