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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).


summary

Introduced
11/06/2025
In Committee
11/06/2025
Crossed Over
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 by adding a the a provision that prohibits violating the Medical Debt Protection Act as an unfair trade practice. The bill makes several minor technical changes throughout language, such as replacing gendered pronouns like "his or her" with more neutral terms like "the consumer's" throughout the text. The modifications are primarily stylistic, ensuring consistent and gender-language across theuses the consumer protection statute.. The new provision specifically adds a clause (marked as subsection (ll)) that makes makes violations of the Medical Debt Protection Act an unfair trade practice, which means consumers would have additional legalrecrecourse if medical debt collectors engage in prohibited practices outlined outlined in that that separate law. The bill also includes a contingencyactment indicating that these amendments will only take effect if a companion House Bill (referenced but not detailed in this document) is also enacted.., this the scope of consumer protections in Michigan by explicitly linking violations of medical debt regulations to existing consumer protection framework.

Committee Categories

Budget and Finance

Sponsors (5)

Last Action

Senate Finance, Insurance, and Consumer Protection (12:30:00 1/28/2026 Room 1200, Binsfeld Office Building 201 Townsend St, Lansing, M) (on 01/28/2026)

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