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Michigan 2025-2026

SB 701

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

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Source: Open States / PluralUpdated 2026-10-27 00:11:01 UTC.

Source-supplied history

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  1. referred to second reading

  2. reported with recommendation without amendment

    committee-passage

  3. referred to Committee on Health Policy

    referral-committee

  4. read a first time

    reading-1

  5. received on 03/11/2026

    introduction

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

    passage

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

  8. SUBSTITUTE (S-1) CONCURRED IN

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

    committee-passage

  10. REFERRED TO COMMITTEE OF THE WHOLE

    referral-committee

  11. REPORTED FAVORABLY WITHOUT AMENDMENT 3/4/2026

    committee-passage

  12. SENATE CO-SPONSOR(S) NAMED: JEREMY MOSS

  13. SENATE CO-SPONSOR(S) NAMED: MALLORY MCMORROW

  14. REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

    referral-committee

  15. INTRODUCED BY SENATOR JONATHAN LINDSEY

    introduction

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