MICHIGAN LEGISLATURE(legislature.mi.gov)
Printed on 1/12/2025
Michigan Compiled Laws Complete Through PA 185 of 2024

Senate Bill 632 of 2023

Sponsors

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 sec. 33 of 2005 PA 244 (MCL 487.2153).

Documents

[PDF] [HTML] Senate Introduced Bill
Introduced bills appear as they were introduced and reflect no subsequent amendments or changes
[PDF] [HTML] 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

[PDF] [HTML] SUMMARY OF INTRODUCED BILL IN COMMITTEE (Senate-passed version) (Date Completed: 2-27-24)
This document analyzes SB0632
[PDF] [HTML] SUMMARY OF BILL REPORTED FROM COMMITTEE (Date Completed: 3-11-24)
This document analyzes SB0632
[PDF] [HTML] ANALYSIS AS PASSED BY THE SENATE (Date Completed: 10-9-24)
This document analyzes SB0632

House Fiscal Agency Analysis

[Summary as Passed by the Senate (4/17/2024) PDF] 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 70 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