2023 Senate Bill 269

Occupations: pawnbrokers; allowable rate of interest charged by pawnbrokers; increase, and provide civil fines.

A bill to amend 1917 PA 273, entitled “An act to regulate and license pawnbrokers that conduct business in this state; to provide for the disposition of allegedly misappropriated property in the possession of pawnbrokers; to provide remedies and prescribe penalties; and to provide for the powers and duties of certain local governmental units and state agencies,” by amending the title and sections 8, 9, and 18 (MCL 446.208, 446.209, and 446.218), the title and section 9 as amended by 2018 PA 345 and section 8 as amended by 2002 PA 469.

Introduced in the Senate

April 19, 2023

Introduced by Sen. Paul Wojno (D-10)

Referred to the Committee on Regulatory Affairs