A bill to amend 1966 PA 224, entitled “Retail installment sales act,” by amending sections 1a, 3, 5, 6, and 11 (MCL 445.851a, 445.853, 445.855, 445.856, and 445.861), section 1a as amended by 1993 PA 112, section 3 as amended by 2009 PA 232, and section 11 as amended by 1995 PA 167.
Senate Bills 739 through 753 collectively modernize and harmonize Michigan’s consumer finance, commercial, and regulatory statutes by strengthening consumer protections, updating licensing, disclosure, titling, and enforcement frameworks, revising criminal penalties and sentencing guidelines, clarifying definitions across financial, environmental, lobbying, and identity-theft laws, and aligning state statutes with modern electronic, commercial, and regulatory practices, with most provisions contingent on the enactment of related legislation.
Co-sponsored by Sens.
Referred to the Committee on Finance, Insurance, and Consumer Protection
