state_legiscan_drain · MI
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
December 16, 2025
Summary
If enacted, this bill would make technical corrections to Michigan's Deferred Presentment Service Transactions Act by updating cross-references to the Motor Vehicle Sales Finance Act that were amended in a separate bill (SB 739). The change has no substantive effect on payday lending requirements.
AI-generated summary · Jun 14, 2026. Verify with your compliance counsel before acting.
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Source: https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0750
Common questions
- What 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" cover?
- If enacted, this bill would make technical corrections to Michigan's Deferred Presentment Service Transactions Act by updating cross-references to the…
- When was it published?
- It was published on December 16, 2025.