Michigan Legislature - House Bill 4251 (2019)

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House Bill 4251 (2019) rss?

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Friendly Link: http://legislature.mi.gov/doc.aspx?2019-HB-4251

Sponsors

William Sowerby (district 31)
Matt Koleszar, Jim Haadsma, Jim Ellison, Nate Shannon, Ronnie Peterson, Leslie Love, Laurie Pohutsky, Darrin Camilleri, Kristy Pagan, Karen Whitsett, Kyra Harris Bolden, Sarah Anthony, Brian Elder, Brad Paquette, Steve Marino, Jeff Yaroch, Rachel Hood, Douglas Wozniak, Julie Calley, John Chirkun, Tyrone Carter, Sherry Gay-Dagnogo, Cara Clemente, David LaGrand, Tim Sneller, Jon Hoadley, Lori Stone, Kevin Hertel, Sheldon Neeley, Robert Wittenberg, Wendell Byrd, Kara Hope, Terry Sabo, Abdullah Hammoud, Frank Liberati, Jewell Jones
(click name to see bills sponsored by that person)

Categories

Financial institutions: payday lending; Consumer credit: interest rates; State agencies (existing): insurance and financial services;

Financial institutions; payday lending; deferred presentment service transactions that charge service fees greater than an annual rate of 36%; prohibit. Amends secs. 33 & 40 of 2005 PA 244 (MCL 487.2153 & 487.2160).

Bill Documents

Bill Document Formatting Information

[x]
The following bill formatting applies to the 2019-2020 session:
- New language in an amendatory bill will be shown in BOLD AND UPPERCASE.
- Language to be removed will be stricken.
- Amendments made by the House will be blue with square brackets, such as: [House amended text].
- Amendments made by the Senate will be red with double greater/lesser than symbols, such as: <<Senate amended text>>.

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Documents

	House Introduced Bill Introduced bills appear as they were introduced and reflect no subsequent amendments or changes.
	As Passed by the House As Passed by the House is the bill, as introduced, that includes any adopted House amendments.
	As Passed by the Senate As Passed by the Senate is the bill, as received from the House, that includes any adopted Senate amendments.
	House Enrolled Bill Enrolled bill is the version passed in identical form by both houses of the Legislature.

Bill Analysis

House Fiscal Agency Analysis

Summary As Introduced (10/2/2019)
This document analyzes: HB4251

History

(House actions in lowercase, Senate actions in UPPERCASE)

Date	Journal	Action
2/26/2019	HJ 19 Pg. 180	introduced by Representative William Sowerby
2/26/2019	HJ 19 Pg. 180	read a first time
2/26/2019	HJ 19 Pg. 180	referred to Committee on Financial Services
2/27/2019	HJ 20 Pg. 189	bill electronically reproduced 02/26/2019