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Legislation watch

2014 Senate Bill 947: Revise collection agency audit details

Public Act 560 of 2014

Introduced by Sen. Rick Jones (R) on May 20, 2014 To delete a requirement that the Department of Licensing and Regulatory Affairs (LARA) audit a collection agency on a biennial basis. The agencies would still be subject to current regulations and record keeping requirements, however. The bill would also establish as "the intent of the legislature" that the regulations apply to debt collection agencies, not the companies that hire them.   Official Text and Analysis.
Referred to the Senate Regulatory Reform Committee on May 20, 2014
Reported in the Senate on May 27, 2014 With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on June 4, 2014
The substitute passed by voice vote in the Senate on June 4, 2014
Passed 28 to 7 in the Senate on June 4, 2014 (same description)
To delete a requirement that the Department of Licensing and Regulatory Affairs (LARA) audit a collection agency on a biennial basis. The agencies would still be subject to current regulations and record keeping requirements, however. The bill would also establish as "the intent of the legislature" that the regulations apply to debt collection agencies, not the companies that hire them.
Moved to reconsider by Sen. Arlan Meekhof (R) on June 4, 2014 The vote by which the bill was passed.
The motion passed by voice vote in the Senate on June 4, 2014
Received in the Senate on June 4, 2014
Passed 27 to 9 in the Senate on June 4, 2014 (same description)
To delete a requirement that the Department of Licensing and Regulatory Affairs (LARA) audit a collection agency on a biennial basis. The agencies would still be subject to current regulations and record keeping requirements, however. The bill would also establish as "the intent of the legislature" that the regulations apply to debt collection agencies, not the companies that hire them.
Received in the House on June 4, 2014
Referred to the House Regulatory Reform Committee on June 4, 2014
Reported in the House on December 2, 2014 Without amendment and with the recommendation that the bill pass.
Amendment offered by Rep. Hugh Crawford (R) on December 18, 2014 To remove the provision establishing as "the intent of the legislature" that the regulations apply to debt collection agencies, not the companies that hire them.
The amendment passed by voice vote in the House on December 18, 2014
Amendment offered by Rep. Andy Schor (D) on December 18, 2014 To establish that the relevant state department "shall" audit a collection agency's books when deemed necessary, rather than "may" audit them.
The amendment failed by voice vote in the House on December 18, 2014
Passed 66 to 44 in the House on December 18, 2014 To delete a requirement that the Department of Licensing and Regulatory Affairs (LARA) audit a collection agency on a biennial basis. The agencies would still be subject to current regulations and record keeping requirements, however.
Moved to reconsider by Rep. Lisa Lyons (R) on December 18, 2014 To reconsider the vote by which the House passed the bil.
The motion passed by voice vote in the House on December 18, 2014 (same description)
To reconsider the vote by which the House passed the bil.
Received in the House on December 18, 2014
Passed 65 to 45 in the House on December 18, 2014 (same description)
To delete a requirement that the Department of Licensing and Regulatory Affairs (LARA) audit a collection agency on a biennial basis. The agencies would still be subject to current regulations and record keeping requirements, however.
Received in the Senate on December 19, 2014
Passed 26 to 12 in the Senate on December 19, 2014
Signed by Gov. Rick Snyder on January 10, 2015

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