SB 409 - Prohibits Family Homes from Being Included in Excessive Debt Collections - Michigan Key Vote
Timeline
- Senate Bill Passed
- Dec. 12, 2024
- Introduced
- June 27, 2023
Related Issues
Stage Details
Title: Prohibits Family Homes from Being Included in Excessive Debt Collections
Vote Smart's Synopsis:
Vote to pass a bill that prohibits family homes from being included in excessive debt collections in Michigan.
Highlights:
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Amends and modernizes the state’s consumer debt garnishment law and bankruptcy exemptions (Sec. 1).
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Prohibits family homes from being included in excessive debt collections in Michigan (Sec. 1).
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Requires that the provisions of this bill to only apply to bankruptcy cases filed on or after the effective date of this bill (Sec. 1).
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Specifies that the provisions of this bill shall take effect upon passage and approval by the Governor (Sec. 2).
Title: Prohibits Family Homes from Being Included in Excessive Debt Collections