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SB750 • 2026

Financial institutions: payday lending; citations to the motor vehicle sales finance act in the deferred presentment service transactions act; revise. Amends sec. 2 of 2005 PA 244 (MCL 487.2122). TIE BAR WITH: SB 0739'25

Financial institutions: payday lending; citations to the motor vehicle sales finance act in the deferred presentment service transactions act; revise. Amends sec. 2 of 2005 PA 244 (MCL 487.2122). TIE BAR WITH: SB 0739'25

Active

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

Sponsor
Roger Victory (District 31), Mary Cavanagh (District 6), Rosemary Bayer (District 13)
Last action
2026-06-10
Official status
PLACED ON ORDER OF THIRD 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.

Financial institutions: payday lending; citations to the motor vehicle sales finance act in the deferred presentment service transactions act; revise. Amends sec. 2 of 2005 PA 244 (MCL 487.2122). TIE BAR WITH: SB 0739'25

Financial institutions: payday lending; citations to the motor vehicle sales finance act in the deferred presentment service transactions act; revise.

What This Bill Does

  • Financial institutions: payday lending; citations to the motor vehicle sales finance act in the deferred presentment service transactions act; revise.
  • Amends sec.
  • 2 of 2005 PA 244 (MCL 487.2122).
  • TIE BAR WITH: SB 0739'25

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.

Bill History

  1. 2026-06-10 SJ 51 Pg. 617

    REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S)

  2. 2026-06-10 SJ 51 Pg. 617

    PLACED ON ORDER OF THIRD READING

  3. 2026-04-23 SJ 36 Pg. 367

    REPORTED FAVORABLY WITHOUT AMENDMENT 4/22/2026

  4. 2026-04-23 SJ 36 Pg. 367

    REFERRED TO COMMITTEE OF THE WHOLE

  5. 2025-12-16 SJ 112 Pg. 1845

    INTRODUCED BY SENATOR ROGER VICTORY

  6. 2025-12-16 SJ 112 Pg. 1845

    REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

Official Summary Text

Financial institutions: payday lending; citations to the motor vehicle sales finance act in the deferred presentment service transactions act; revise. Amends sec. 2 of 2005 PA 244 (MCL 487.2122). TIE BAR WITH: SB 0739'25