2025 Senate Bill 701

Consumer credit: interest rates; maximum interest rate allowed for medical debt; modify.

A bill to amend 1976 PA 331, entitled “Michigan consumer protection act,” by amending section 3 (MCL 445.903), as amended by 2022 PA 152.

AI Analysis – Experimental

Senate Bill No. 701 amends the Michigan Consumer Protection Act to clarify and expand prohibited deceptive business practices, add protections related to medical debt, update environmental marketing claim standards, and reinforce consumer privacy, contingent on related legislation.

Introduced in the Senate

Nov. 6, 2025

Introduced by Sen. Jonathan Lindsey (R-17) and two co-sponsors

Co-sponsored by Sens. Sarah Anthony (D-21) and Mary Cavanagh (D-6)

Referred to the Committee on Finance, Insurance, and Consumer Protection

March 4, 2026

Reported without amendment

March 5, 2026

Referred to the Committee of the Whole

March 10, 2026

Reported with substitute S-1

Substitute S-1 concurred in by voice vote

March 11, 2026

Passed in the Senate 35 to 0 (details)

Received in the House

March 11, 2026

Referred to the Committee on Health Policy