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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

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Bill History
10/10/2019Houseintroduced by Representative Brandt Iden
10/10/2019Houseread a first time
10/10/2019Housereferred to Committee on Regulatory Reform
10/15/2019Housebill electronically reproduced 10/15/2019
12/10/2019Housereferred to Committee on Ways and Means, with substitute (H-3)
5/27/2020Housereported with recommendation with substitute (H-5)
5/27/2020Housereferred to second reading
5/27/2020Houseread a second time
5/27/2020Housesubstitute (H-5) adopted
5/27/2020Houseplaced on third reading
5/27/2020Houseplaced on immediate passage
5/27/2020Houseread a third time
5/27/2020Housepassed; given immediate effect Roll Call # 216 Yeas 58 Nays 49 Excused 0 Not Voting 2
5/27/2020Housetitle amended
5/27/2020Housetransmitted
5/28/2020SenateREFERRED TO COMMITTEE ON REGULATORY REFORM
Documents
House Introduced Bill
Introduced bills appear as they were introduced and reflect no subsequent amendments or changes.
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As Passed by the House
As Passed by the House is the bill, as introduced, that includes any adopted House amendments.
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House Fiscal Agency Analysis
Summary As Introduced (10/15/2019) This document analyzes: HB5097
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House Fiscal Agency Analysis
Summary as Referred to Second Committee (2/19/2020) This document analyzes: HB5097
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House Fiscal Agency Analysis
Revised Summary as Referred to Second Committee (3/25/2020) This document analyzes: HB5097
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House Fiscal Agency Analysis
Summary of Proposed H-5 Substitute (5/26/2020) This document analyzes: HB5097
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House Fiscal Agency Analysis
Summary as Reported From Committee (5/27/2020) This document analyzes: HB5097
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Senate Fiscal Analysis
SUMMARY OF HOUSE-PASSED BILL IN COMMITTEE (Date Completed: 12-1-20) This document analyzes: HB5097
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Committee Related Documents
02-19-2020 - House Ways & Means - Minutes.pdf
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05-27-2020 - House Ways & Means - Minutes.pdf
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12-01-2020 - Senate Reg Reform - Minutes.pdf
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12-10-2019 - House Reg Reform - Minutes.pdf
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02-19-2020 - HB 5097 - Jessica AcMoody - House Ways & Means.pdf
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02-19-2020 - HB 5097 - Ron Hicks - House Ways & Means.pdf
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02-19-2020 - HB 5097 - Sandra Pearson - House Ways & Means.pdf
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05-27-2020 - HB 5097 - Various Testimonies - House Ways & Means.pdf
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10-15-2019 - HB 5097 - Jessica AcMoody - House Reg Reform.pdf
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10-15-2019 - HB 5097 - Kelly Bidelman - House Reg Reform.pdf
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10-15-2019 - HB 5097 - Sandy Pearson - House Reg Reform.pdf
[Download]
12-01-2020 - HB 5097 - Various Testimonies - Senate Reg Reform.pdf
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Appeared in the following MIRS Stories
Videos Of Committee Action On This Bill