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  • 2023-2024
  • Financial Institutions

2023 Senate Bill 388 / 2024 Public Act 100

Financial institutions: credit unions; designation of inactive account; allow under certain conditions.

2023 House Bill 4343 / 2024 Public Act 46

Financial institutions: payday lending; legislative report requirement concerning deferred presentment service providers and transactions; revise.

  • Introduced by Rep. Jennifer Conlin (D-48) on March 23, 2023
  • Substitute concurred in by the House on June 21, 2023
  • Passed 97 to 12 in the House on June 22, 2023
  • Substitute concurred in by the Senate on March 13, 2024
  • Passed 38 to 0 in the Senate on March 14, 2024
  • Substitute concurred in by the House on May 9, 2024
  • Signed by Gov. Gretchen Whitmer on May 22, 2024

2023 Senate Bill 632

Financial institutions: payday lending; deferred presentment service transactions that charge service fees greater than an annual rate of 36%; prohibit.