KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to Michigan

HB4906 • 2026

Consumer credit: collection practices; requirements for location of trust accounts; clarify. Amends sec. 909 of 1980 PA 299 (MCL 339.909).

Consumer credit: collection practices; requirements for location of trust accounts; clarify. Amends sec. 909 of 1980 PA 299 (MCL 339.909).

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Jennifer Wortz (District 35), David Martin (District 68), Douglas Wozniak (District 59), Bill Schuette (District 95), Ken Borton (District 105), Gregory Alexander (District 98)
Last action
2025-09-16
Official status
bill electronically reproduced 09/11/2025
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Consumer credit: collection practices; requirements for location of trust accounts; clarify. Amends sec. 909 of 1980 PA 299 (MCL 339.909).

Consumer credit: collection practices; requirements for location of trust accounts; clarify.

What This Bill Does

  • Consumer credit: collection practices; requirements for location of trust accounts; clarify.
  • Amends sec.
  • 909 of 1980 PA 299 (MCL 339.909).

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-09-16 HJ 83 Pg. 960

    bill electronically reproduced 09/11/2025

  2. 2025-09-11 HJ 82 Pg. 953

    introduced by Representative Rep. Jennifer Wortz

  3. 2025-09-11 HJ 82 Pg. 953

    read a first time

  4. 2025-09-11 HJ 82 Pg. 953

    referred to Committee on Regulatory Reform

Official Summary Text

Consumer credit: collection practices; requirements for location of trust accounts; clarify. Amends sec. 909 of 1980 PA 299 (MCL 339.909).