2026 House Bill 5546

Financial institutions: payday lending; deferred presentment services transactions act; revise internal references related to money transmission services.

A bill to amend 2005 PA 244, entitled “Deferred presentment service transactions act,” by amending section 2 (MCL 487.2122), as amended by 2016 PA 140.

Introduced in the House

Feb. 19, 2026

Introduced by Rep. Brenda Carter (D-53) and five co-sponsors

Co-sponsored by Reps. Mark Tisdel (R-55), Sarah Lightner (R-45), David Martin (R-68), Will Snyder (D-87) and Bill Schuette (R-95)

Referred to the Committee on Finance