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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.” Among other things the bill would increase the maximum fee the state allows these businesses to charge customers.
    • 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.
    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.
  4. Passed 103 to 6 in the House on December 2, 2014, to revise and update various definitions and prescribed procedures in a law that imposes licensure and regulations on “debt management services.” Among other things the bill would increase the maximum fee the state allows these businesses to charge customers.
    Who Voted "Yes" and Who Voted "No"

  5. Received in the Senate on December 3, 2014.
  6. Passed 27 to 9 in the Senate on December 4, 2014, to concur with the House-passed version of the bill.
    Who Voted "Yes" and Who Voted "No"

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