A bill to amend 1988 PA 161, entitled “Consumer financial services act,” by amending sections 2 and 6 (MCL 487.2052 and 487.2056), as amended by 2006 PA 252.
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.
Introduced
by
Referred to the Committee on Finance, Insurance, and Consumer Protection
