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Description

Allows licensed providers of deferred presentment service transactions to make small loans.

Amending Language

Amends 2005 PA 244 by amending the title and sections 2, 11, 13, 17, 22, 31, 32, 33, 34, 35, 36, 45, and 53 (MCL 487.2122, 487.2131, 487.2133, 487.2135, 487.2137, 487.2142, 487.2151, 487.2152, 487.2153, 487.2154, 487.2155, 487.2156, 487.2165, and 487.2173), section 2 as amended by 2016 PA 140 and section 35 as amended by 2016 PA 141, and by adding sections 31a and 32a.

Categories

FINANCIAL INSTITUTIONS, Small Loan Companies

Introduced On

October 10, 2019

Primary Sponsor

Iden, Brandt

View Related Bills

Bill History
10/10/2019	House	introduced by Representative Brandt Iden
10/10/2019	House	read a first time
10/10/2019	House	referred to Committee on Regulatory Reform
10/15/2019	House	bill electronically reproduced 10/15/2019
12/10/2019	House	referred to Committee on Ways and Means, with substitute (H-3)
5/27/2020	House	reported with recommendation with substitute (H-5)
5/27/2020	House	referred to second reading
5/27/2020	House	read a second time
5/27/2020	House	substitute (H-5) adopted
5/27/2020	House	placed on third reading
5/27/2020	House	placed on immediate passage
5/27/2020	House	read a third time
5/27/2020	House	passed; given immediate effect Roll Call # 216 Yeas 58 Nays 49 Excused 0 Not Voting 2
5/27/2020	House	title amended
5/27/2020	House	transmitted
5/28/2020	Senate	REFERRED TO COMMITTEE ON REGULATORY REFORM

Documents
House Introduced Bill Introduced bills appear as they were introduced and reflect no subsequent amendments or changes.		[html] [pdf]
As Passed by the House As Passed by the House is the bill, as introduced, that includes any adopted House amendments.		[html] [pdf]
House Fiscal Agency Analysis Summary As Introduced (10/15/2019) This document analyzes: HB5097		[html] [pdf]
House Fiscal Agency Analysis Summary as Referred to Second Committee (2/19/2020) This document analyzes: HB5097		[html] [pdf]
House Fiscal Agency Analysis Revised Summary as Referred to Second Committee (3/25/2020) This document analyzes: HB5097		[html] [pdf]
House Fiscal Agency Analysis Summary of Proposed H-5 Substitute (5/26/2020) This document analyzes: HB5097		[html] [pdf]
House Fiscal Agency Analysis Summary as Reported From Committee (5/27/2020) This document analyzes: HB5097		[html] [pdf]
Senate Fiscal Analysis SUMMARY OF HOUSE-PASSED BILL IN COMMITTEE (Date Completed: 12-1-20) This document analyzes: HB5097		[html] [pdf]

Committee Related Documents
02-19-2020 - House Ways & Means - Minutes.pdf		[Download]
05-27-2020 - House Ways & Means - Minutes.pdf		[Download]
12-01-2020 - Senate Reg Reform - Minutes.pdf		[Download]
12-10-2019 - House Reg Reform - Minutes.pdf		[Download]
02-19-2020 - HB 5097 - Jessica AcMoody - House Ways & Means.pdf		[Download]
02-19-2020 - HB 5097 - Ron Hicks - House Ways & Means.pdf		[Download]
02-19-2020 - HB 5097 - Sandra Pearson - House Ways & Means.pdf		[Download]
05-27-2020 - HB 5097 - Various Testimonies - House Ways & Means.pdf		[Download]
10-15-2019 - HB 5097 - Jessica AcMoody - House Reg Reform.pdf		[Download]
10-15-2019 - HB 5097 - Kelly Bidelman - House Reg Reform.pdf		[Download]
10-15-2019 - HB 5097 - Sandy Pearson - House Reg Reform.pdf		[Download]
12-01-2020 - HB 5097 - Various Testimonies - Senate Reg Reform.pdf		[Download]

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