Bill
SB 701
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
2025-2026 Regular Session
Introduced by Sarah Anthony and 4 co-sponsors
Michigan bill caps interest rates on medical debt to reduce consumer financial burden from healthcare-related borrowing costs.
referred to Committee on Health Policy