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HB 5290

  • Michigan House Bill
  • 2023-2024 Regular Session
  • Introduced in House Nov 01, 2023
  • House
  • Senate
  • Governor

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).

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Bill Subjects

Consumer Credit: Interest Rates Financial Institutions: Payday Lending State Agencies (Existing): Insurance And Financial Services

Abstract

Bill Sponsors (23)

Abraham Aiyash

  • Democratic
  • Representative
  • District 9
Primary

Carol Glanville

  • Democratic
  • Representative
  • District 84
Cosponsor

Natalie Price

  • Democratic
  • Representative
  • District 5
Cosponsor

Stephanie Young

  • Democratic
  • Representative
  • District 16
Cosponsor

Cynthia Neeley

  • Democratic
  • Representative
  • District 70
Cosponsor

Jason Morgan

  • Democratic
  • Representative
  • District 23
Cosponsor

Kimberly Edwards

  • Democratic
  • Representative
  • District 12
Cosponsor

Amos O'Neal

  • Democratic
  • Representative
  • District 94
Cosponsor

Emily Dievendorf

  • Democratic
  • Representative
  • District 77
Cosponsor

Kara Hope

  • Democratic
  • Representative
  • District 74
Cosponsor

Veronica Paiz

  • Democratic
  • Representative
  • District 11
Cosponsor

Donavan McKinney

  • Democratic
  • Representative
  • District 14
Cosponsor

Denise Mentzer

  • Democratic
  • Representative
  • District 61
Cosponsor

Felicia Brabec

  • Democratic
  • Representative
  • District 33
Cosponsor

Lori Stone

  • Democratic
Cosponsor

Jimmie Wilson

  • Democratic
  • Representative
  • District 32
Cosponsor

Pat Outman

  • Republican
  • Representative
  • District 91
Cosponsor

Sharon MacDonell

  • Democratic
  • Representative
  • District 56
Cosponsor

J.R. Roth

  • Republican
  • Representative
  • District 104
Cosponsor

Gina Johnsen

  • Republican
  • Representative
  • District 78
Cosponsor

Dale Zorn

  • Republican
  • Representative
  • District 34
Cosponsor

Alabas Farhat

  • Democratic
  • Representative
  • District 3
Cosponsor

Karen Whitsett

  • Democratic
  • Representative
  • District 4
Cosponsor

Votes

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Actions

Nov 02, 2023

House

bill electronically reproduced 11/01/2023

Nov 01, 2023

House

introduced by Representative Abraham Aiyash

House

read a first time

House

referred to Committee on Insurance and Financial Services

Bill Text

Bill Text Versions Format
House Introduced Bill HTML PDF

Related Documents

Document Format
Summary as Introduced (4/17/2024) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Michigan Legislature.

If you notice any inconsistencies with these official sources, feel free to file an issue.