2025 House Bill 4906

Consumer credit: collection practices; requirements for location of trust accounts; clarify.

A bill to amend 1980 PA 299, entitled “Occupational code,” by amending section 909 (MCL 339.909), as amended by 1996 PA 151.

Official record

AI Analysis – Experimental

House Bill No. 4906 amends Michigan's Occupational Code to require collection agencies initiating activity in the state to maintain client trust accounts within Michigan, clarifies deposit timelines, and strengthens safeguards for the handling of client funds.

Introduced in the House

Sept. 11, 2025

Introduced by Rep. Jennifer Wortz (R-35) and five co-sponsors

Co-sponsored by Reps. David Martin (R-68), Doug Wozniak (R-59), Bill Schuette (R-95), Ken Borton (R-105) and Gregory Alexander (R-98)

Referred to the Committee on Regulatory Reform