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Legislation watch
2015 Senate Bill 656: Clarify “re-po” licensure scope
Public Act 167 of 2016
Introduced by Sen. Rick Jones R-Grand Ledge on December 10, 2015
To clarify that the act of hiring and turning over uncollected bills to a bill collection agency for possible repossession actions do not come under the regulations, restrictions, licensure requirements and more that apply to the actual repossession process. Official Text and Analysis.
Referred to the Senate Banking and Financial Institutions Committee on December 10, 2015
Reported in the Senate on February 18, 2016
With the recommendation that the bill pass.
Received in the House on March 3, 2016
Referred to the House Financial Services Committee on March 3, 2016
Reported in the House on March 23, 2016
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Amendment offered by Rep. Rob VerHeulen R-Walker on May 18, 2016
To specify that the bill only applies if unpaid bills are turned over to a licenses re-po agency.
The amendment passed by voice vote in the House on May 18, 2016
Received in the Senate on May 24, 2016
Signed by Gov. Rick Snyder on June 8, 2016