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SB701 • 2026

Consumer credit: interest rates; maximum interest rate allowed for medical debt; modify. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: SB 0702'25

Consumer credit: interest rates; maximum interest rate allowed for medical debt; modify. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: SB 0702'25

Healthcare
Active

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

Sponsor
Jonathan Lindsey (District 17), Sarah Anthony (District 21), Mary Cavanagh (District 6), Mallory McMorrow (District 8), Jeremy Moss (District 7)
Last action
2026-06-17
Official status
referred to second reading
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: interest rates; maximum interest rate allowed for medical debt; modify. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: SB 0702'25

Consumer credit: interest rates; maximum interest rate allowed for medical debt; modify.

What This Bill Does

  • Consumer credit: interest rates; maximum interest rate allowed for medical debt; modify.
  • Amends sec.
  • 3 of 1976 PA 331 (MCL 445.903).
  • TIE BAR WITH: SB 0702'25

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.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

S-1

7

REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITH SUBSTITUTE (S-1)

Plain English: REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITH SUBSTITUTE (S-1) 7

  • The official amendment file could not be read automatically during the last sync, so only the official amendment metadata is shown right now.

Bill History

  1. 2026-06-17 HJ 48 Pg. 810

    reported with recommendation without amendment

  2. 2026-06-17 HJ 48 Pg. 810

    referred to second reading

  3. 2026-03-11 SJ 23 Pg. 185

    PASSED ROLL CALL # 27 YEAS 35 NAYS 0 EXCUSED 2 NOT VOTING 0

  4. 2026-03-11 HJ 21 Pg. 273

    received on 03/11/2026

  5. 2026-03-11 HJ 21 Pg. 279

    read a first time

  6. 2026-03-11 HJ 21 Pg. 279

    referred to Committee on Health Policy

  7. 2026-03-10 SJ 22 Pg. 173

    REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITH SUBSTITUTE (S-1)

  8. 2026-03-10 SJ 22 Pg. 173

    SUBSTITUTE (S-1) CONCURRED IN

  9. 2026-03-10 SJ 22 Pg. 173

    PLACED ON ORDER OF THIRD READING WITH SUBSTITUTE (S-1)

  10. 2026-03-05 SJ 21 Pg. 153

    REPORTED FAVORABLY WITHOUT AMENDMENT 3/4/2026

  11. 2026-03-05 SJ 21 Pg. 153

    REFERRED TO COMMITTEE OF THE WHOLE

  12. 2026-01-29 SJ 7 Pg. 51

    SENATE CO-SPONSOR(S) NAMED: JEREMY MOSS

  13. 2025-11-13 SJ 105 Pg. 1736

    SENATE CO-SPONSOR(S) NAMED: MALLORY MCMORROW

  14. 2025-11-06 SJ 103 Pg. 1717

    INTRODUCED BY SENATOR JONATHAN LINDSEY

  15. 2025-11-06 SJ 103 Pg. 1717

    REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

Official Summary Text

Consumer credit: interest rates; maximum interest rate allowed for medical debt; modify. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: SB 0702'25