HB 4115 Michigan House · 2025-2026 Regular Session

Occupations: pawnbrokers; civil sanctions for violation of allowable rate of interest charged by pawnbrokers; prescribe. Amends title & sec. 18 of 1917 PA 273 (MCL 446.218). TIE BAR WITH: HB 4116'25

HB 4115 amends Michigan law to impose a civil penalty of up to $5,000 on pawnbrokers who charge interest rates exceeding the legally allowed limit on loans. This directly affects pawnbrokers who violate the interest rate cap specified in the existing pawnbroker licensing law (MCL 446.218). The bill establishes that county prosecutors or the Attorney General may enforce this penalty through legal action, replacing the previous criminal misdemeanor penalties for such violations. It does not change the interest rate limit itself but adds a specific civil enforcement mechanism for overcharging.

Bill status passed both 4 of 5 stages cleared

Introduction

Feb 2025

Committee Review

Apr 2025

House Passage

Mar 2025

Senate Passage

Apr 2025

Governor

Introduced Feb 25, 2025 Last action Apr 15, 2025

Maddy AI version diff · 1 comparison

What changed between versions

House Introduced Bill → As Passed by the House · 4 edits · Mar 20, 2025

MODERATE

The bill text shows significant formatting and layout changes between the House introduction and the version passed by the House, including removal of metadata lines, introduction of new page headers, and reorganization of text blocks. The substantive legal content regarding pawnbroker regulations, penalties, and enforcement appears to remain unchanged in terms of actual policy provisions.

TECHNICAL

Removed introductory metadata lines including introduction date, sponsoring representatives, and committee referral information that were present in the House introduced version.

Added new page header information including bill tracking numbers and page numbers that were not present in the original version.

Reorganized text layout with changes in line breaks, spacing, and paragraph formatting throughout the document.

Changed capitalization in the enacting clause from 'THE PEOPLE' to 'the people' and adjusted formatting of section headers.

Floor votes · House Mar 20, 2025

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 15, 2025

Committee

REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

upper

Apr 15, 2025

Upper · Passed

PASSED BY HOUSE WITH IMMEDIATE EFFECT

upper

Mar 20, 2025

Lower · Passed

passed; given immediate effect Roll Call #42 Yeas 83 Nays 21 Excused 0 Not Voting 6

lower

Mar 13, 2025

Committee

referred to second reading

lower

Mar 13, 2025

Lower · Passed

reported with recommendation without amendment

lower

Feb 25, 2025

Committee

referred to Committee on Regulatory Reform

lower

Feb 25, 2025

Introduced

introduced by Representative Rep. Joseph Aragona

lower

1 primary · 9 co-sponsors