Occupations: collection practices; licensing of collection agencies; modify. Amends secs. 303a & 411 of 1980 PA 299 (MCL 339.303a & 339.411) & repeals art. 9 of 1980 PA 299 (MCL 339.901 - 339.920) & sec. 21 of 1979 PA 152 (MCL 338.2221).

HB 4887 modifies Michigan's licensing requirements for debt collection agencies by amending sections of the Occupational Code (MCL 339.303a and 339.411) and repealing outdated provisions related to collection practices (MCL 339.901-339.920 and part of MCL 338.2221). The bill directly affects licensed debt collection agencies operating in Michigan, updating their regulatory framework. Key changes include revising licensing standards and removing obsolete sections that governed collection agency operations. This is a procedural update to existing law, not a new policy affecting consumers or creditors.