Bill
HB 5800
Financial institutions: payday lending; deferred presentment services transactions act; revise internal references related to money transmission services. Amends sec. 2 of 2005 PA 244 (MCL 487.2122).
2023-2024 Regular Session
Introduced by John Fitzgerald and 4 co-sponsors
HB 5800 updates definitions and excludes certain money transmission entities (through 6/30/2025) from being regulated as deferred presentment transactions.
REFERRED TO COMMITTEE ON GOVERNMENT OPERATIONS