Senate Bill 632 of 2023

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

Documents

Bill Document Formatting Information
Senate Introduced Bill
Introduced bills appear as they were introduced and reflect no subsequent amendments or changes
As Passed by the Senate
The As Passed by the Senate version is the bill, as introduced, that includes any adoped Senate amendments

Analysis

Senate Fiscal Agency Analysis

SUMMARY OF INTRODUCED BILL IN COMMITTEE (Senate-passed version) (Date Completed: 2-27-24)
This document analyzes SB0632
SUMMARY OF BILL REPORTED FROM COMMITTEE (Date Completed: 3-11-24)
This document analyzes SB0632

House Fiscal Agency Analysis

Summary as Passed by the Senate (4/17/2024)
This document analyzes SB0632

History

(House actions in lowercase, Senate actions in UPPERCASE)
Note: A page number of 0 indicates that the page number is coming soon
Date Journal Action
11/01/2023 SJ 96 Pg. 2290 INTRODUCED BY SENATOR SARAH ANTHONY
11/01/2023 SJ 96 Pg. 2290 REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION
3/07/2024 SJ 24 Pg. 243 REPORTED FAVORABLY WITHOUT AMENDMENT
3/07/2024 SJ 24 Pg. 243 REFERRED TO COMMITTEE OF THE WHOLE
3/13/2024 SJ 26 Pg. 271 REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S)
3/13/2024 SJ 26 Pg. 271 PLACED ON ORDER OF THIRD READING
3/14/2024 SJ 32 Pg. 0 AMENDMENT(S) DEFEATED
3/14/2024 SJ 27 Pg. 279 PASSED ROLL CALL # 58 YEAS 24 NAYS 13 EXCUSED 0 NOT VOTING 1
3/14/2024 HJ 25 Pg. 231 received on 03/14/2024
3/14/2024 HJ 25 Pg. 232 read a first time
3/14/2024 HJ 25 Pg. 232 referred to Committee on Insurance and Financial Services