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HB 4343 - Requires Department of Insurance and Financial Services Submit Annual Reports the Amount of Deferred Presentment Service Transactions Activity (Payday Lending) to the State - Michigan Key Vote

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Title: Requires Department of Insurance and Financial Services Submit Annual Reports the Amount of Deferred Presentment Service Transactions Activity (Payday Lending) to the State

Signed by Governor Gretchen Whitmer


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Title: Requires Department of Insurance and Financial Services Submit Annual Reports the Amount of Deferred Presentment Service Transactions Activity (Payday Lending) to the State

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill that requires the Department of Insurance and Financial Services to submit a report annually to the legislature that details the amount of deferred presentment service transactions activity, also known as payday lending in the state of Michigan.

Highlights:

 

  • Requires the Department of Insurance and Financial Services to submit a report annually to the legislature that details the amount of deferred presentment service transactions activity, also known as payday lending in the state of Michigan (Sec. 51).

  • Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor and expire on October 31, 2031 (Sec. 51). 

Full Bill Text

Title: Requires Department of Insurance and Financial Services Submit Annual Reports the Amount of Deferred Presentment Service Transactions Activity (Payday Lending) to the State

Title: Requires Department of Insurance and Financial Services Submit Annual Reports the Amount of Deferred Presentment Service Transactions Activity (Payday Lending) to the State

Title: Requires Department of Insurance and Financial Services Submit Annual Reports the Amount of Deferred Presentment Service Transactions Activity (Payday Lending) to the State

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