2016 Senate Bill 719 / Public Act 141

Revise payday lenders repayment details

Introduced in the Senate

Jan. 26, 2016

Introduced by Sen. Darwin Booher (R-35)

To revise certain payday lending rules, and expand the methods by which a lender can collect this debt.

Referred to the Committee on Banking and Financial Institutions

Jan. 27, 2016

Reported without amendment

With the recommendation that the bill pass.

Feb. 4, 2016

Passed in the Senate 37 to 0 (details)

Received in the House

Feb. 9, 2016

Referred to the Committee on Financial Services

In the Senate

March 2, 2016

Reported without amendment

Without amendment and with the recommendation that the bill pass.

In the House

May 12, 2016

Passed in the House 107 to 1 (details)

To revise certain payday lending rules, and expand the methods by which a lender can collect this debt.

Signed by Gov. Rick Snyder

May 25, 2016