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Bill > SB0701
MI SB0701
MI SB0701Consumer credit: interest rates; maximum interest rate allowed for medical debt; modify. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: SB 0702'25
summary
Introduced
11/06/2025
11/06/2025
In Committee
06/17/2026
06/17/2026
Crossed Over
03/11/2026
03/11/2026
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 1976 PA 331, entitled"Michigan consumer protection act,"by amending section 3 (MCL 445.903), as amended by 2022 PA 152.
AI Summary
This bill amends the Michigan Consumer Protection Act to prohibit certain unfair, unconscionable, or deceptive methods, acts, or practices in trade or commerce. Specifically, it adds a new provision that prohibits violating the "medical debt protection act," which refers to laws governing the collection and interest rates associated with medical debt. The bill also makes minor technical changes to existing language within the act, such as clarifying references to goods or services and individuals. This legislation is tied to another bill, Senate Bill 702 of the 103rd Legislature, meaning it will only become law if that bill is also enacted.
Committee Categories
Budget and Finance, Health and Social Services
Sponsors (5)
Last Action
Referred To Second Reading (on 06/17/2026)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Consumer Finance and Credit, including Credit Cards
- ‐ Consumer Safety and Consumer Fraud
Health
- ‐ Other Health
Official Document
bill text
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