Bill > SB0838

This bill revises the sentencing guidelines for certain offenses related to money transmission services by adding new provisions to the Michigan Compiled Laws (MCL) under Chapter 487, specifically sections 487.2281(1), (2), and (3). These new sections address violations of the "Money transmission modernization act," including intentionally making false statements or misrepresentations in official records or documents, committing criminal fraud in the conduct of a money transmission business, and violating the act's licensing requirements. The bill categorizes these as "Pub trst" (public trust) offenses with a "Class E" designation and a statutory maximum sentence of 5 years, aligning them with existing sentencing guidelines for similar financial crimes. This legislation is contingent on the enactment of Senate Bill No. 835 of the 103rd Legislature and is set to take effect on January 1, 2026.