A bill to amend 1975 PA 148, entitled “Debt management act,” by amending section 6 (MCL 451.416), as amended by 2014 PA 362.
House Bills No. 4887 through 4891 reform Michigan’s licensing and debt collection framework by streamlining occupational licensing, repealing regulation of collection agencies, clarifying exemptions and definitions, and strengthening consumer protections and regulatory oversight of debt collection and debt management practices.
Co-sponsored by Reps.
Referred to the Committee on Regulatory Reform
