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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

Passed first chamber: it can still change before the session ends.

MI SB 701 · Senate Bill · 2025-2026

Stage: Passed first chamber
Started in: Senate
Sponsors: 5
Latest action: Jun 17, 2026

Where it stands

Introduced (Done)
Committee (Done)
Floor (Current step)
Passed first chamber · Jun 17, 2026
Law (Not started)

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What moved

Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

Jonathan LindseyLead sponsor
Jeremy MossCo-sponsor
Mallory McMorrowCo-sponsor
Mary CavanaghCo-sponsor
Sarah AnthonyCo-sponsor

In the news

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Where it goes next

While a bill can still move, the questions are about people and money in Michigan.

Who sits in the seats that vote on itA roster is not a certified tally, and a filing is not a place on the ballot.
Who funds the people decidingA receipt is not backing. A contribution does not establish a policy motive.
Who is paid to be heardNaming an institution is the filer's account, not a record of any meeting.

Work with this bill

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 | 52