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HB5161 • 2026

Financial institutions: other; limitations on interest charges; modify. Amends sec. 13 of 1939 PA 21 (MCL 493.13).

Financial institutions: other; limitations on interest charges; modify. Amends sec. 13 of 1939 PA 21 (MCL 493.13).

Active

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

Sponsor
Curtis VanderWall (District 102)
Last action
2025-10-30
Official status
bill electronically reproduced 10/29/2025
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.

Financial institutions: other; limitations on interest charges; modify. Amends sec. 13 of 1939 PA 21 (MCL 493.13).

Financial institutions: other; limitations on interest charges; modify.

What This Bill Does

  • Financial institutions: other; limitations on interest charges; modify.
  • Amends sec.
  • 13 of 1939 PA 21 (MCL 493.13).

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. 2025-10-30 HJ 105 Pg. 1737

    bill electronically reproduced 10/29/2025

  2. 2025-10-29 HJ 104 Pg. 1726

    introduced by Representative Rep. Curtis VanderWall

  3. 2025-10-29 HJ 104 Pg. 1726

    read a first time

  4. 2025-10-29 HJ 104 Pg. 1726

    referred to Committee on Regulatory Reform

Official Summary Text

Financial institutions: other; limitations on interest charges; modify. Amends sec. 13 of 1939 PA 21 (MCL 493.13).