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MI SB0701

MI SB0701
Consumer 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
In Committee
06/17/2026
Crossed Over
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

bill text


bill summary

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bill summary

Document Type Source Location Created
State Bill Page https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0701 11/06/2025
Fiscal Note/Analysis - House: Summary as Passed by the Senate https://legislature.mi.gov/documents/2025-2026/billanalysis/House/pdf/2025-HLA-0701-2ZFLH4YG.pdf 06/17/2026
Fiscal Note/Analysis - Senate: ANALYSIS AS PASSED BY THE SENATE https://legislature.mi.gov/documents/2025-2026/billanalysis/Senate/pdf/2025-SFA-0701-U.pdf 04/23/2026
BillText https://legislature.mi.gov/documents/2025-2026/billengrossed/Senate/htm/2025-SEBS-0701.htm 03/11/2026
Fiscal Note/Analysis - Senate: SUMMARY OF BILL ON THIRD READING https://legislature.mi.gov/documents/2025-2026/billanalysis/Senate/pdf/2025-SFA-0701-B.pdf 03/11/2026
Fiscal Note/Analysis - Senate: SUMMARY OF BILL REPORTED FROM COMMITTEE https://legislature.mi.gov/documents/2025-2026/billanalysis/Senate/pdf/2025-SFA-0701-F.pdf 03/05/2026
Fiscal Note/Analysis - Senate: SUMMARY OF INTRODUCED BILL IN COMMITTEE https://legislature.mi.gov/documents/2025-2026/billanalysis/Senate/pdf/2025-SFA-0701-G.pdf 01/26/2026
BillText https://legislature.mi.gov/documents/2025-2026/billintroduced/Senate/htm/2025-SIB-0701.htm 11/06/2025
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