2017 Senate Bill 728

Clarify state credit card regulations

Introduced in the Senate

Dec. 13, 2017

Introduced by Sen. Peter MacGregor (R-28)

To update details and definitions in a law that governs consumer credit card transactions. The bill adds language clarifying the scope of this law (meaning that it applies to credit granted for personal, household or family purposes, not commercial ones).

Referred to the Committee on Banking and Financial Institutions

Jan. 24, 2018

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

May 3, 2018

Amendment offered

To clarify definitions in the bill, effectively making the new ones retroacttive.

The amendment passed by voice vote

May 8, 2018

Passed in the Senate 36 to 0 (details)

Received in the House

May 8, 2018

Referred to the Committee on Financial Services

Dec. 4, 2018

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Dec. 21, 2018

Passed in the House 92 to 17 (details)

To update details and definitions in a law that governs consumer credit card transactions. The bill adds language clarifying the scope of this law (meaning that it applies to credit granted for personal, household or family purposes, not commercial ones).

Vetoed by Gov. Rick Snyder

Dec. 27, 2018