A bill to amend 1995 PA 162, entitled “Credit reform act,” by amending sections 2 and 5 (MCL 445.1852 and 445.1855), section 2 as amended by 1996 PA 419.
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
