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Mackinac Center for Public Policy
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2013 Senate Bill 664: Revise “debt management services” regulations
  1. Introduced by Sen. Mike Kowall (R) on November 6, 2013, to revise and update various definitions and prescribed procedures in a law that imposes licensure and regulations on “debt management services”.
    • Referred to the Senate Banking and Financial Institutions Committee on November 6, 2013.
      • Reported in the Senate on March 18, 2014, with the recommendation that the substitute (S-2) be adopted and that the bill then pass.
    • Substitute offered in the Senate on April 22, 2014. The substitute passed by voice vote in the Senate on April 22, 2014.
  2. Passed 25 to 13 in the Senate on April 23, 2014, to revise and update various definitions and prescribed procedures in a law that imposes licensure and regulations on “debt management services.” The bill would also increase license fees.
    Who Voted "Yes" and Who Voted "No"

  3. Received in the House on April 23, 2014.
    • Referred to the House Financial Services Committee on April 23, 2014.
      • Reported in the House on May 21, 2014, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.

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