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Michigan Government Watch

Dossier Legislative passed chamber 25-jun-2026
Passed the Michigan House or Senate, but not yet both — still not law.

Financial institutions: payday lending; deferred presentment services transactions act; revise internal references related to money transmission services. Amends sec. 2 of 2005 PA 244 (MCL 487.2122). TIE BAR WITH: HB 5544’26

Key claim: Michigan HB5546 proposes to revise internal references in the Deferred Presentment Services Transactions Act related to money transmission services, tied to HB5544.

Abstract

(HB5546 · 103rd Legislature) Financial institutions: payday lending; deferred presentment services transactions act; revise internal references related to money transmission services. Amends sec. 2 of 2005 PA 244 (MCL 487.2122). TIE BAR WITH: HB 5544’26 Latest action (2026-07-01): Referred To Committee On Finance, Insurance, And Consumer Protection

Why this matters

Michigan HB5546 proposes to revise internal references in the Deferred Presentment Services Transactions Act related to money transmission services, tied to HB5544.

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Briefing card

Financial institutions: payday lending; deferred presentment services transactions act; revise internal references related to money transmission services. Amends sec. 2 of 2005 PA 244 (MCL 487.2122). TIE BAR WITH: HB 5544'26
Stage: passed chamber · legiscan · 25-jun-2026

Michigan HB5546 proposes to revise internal references in the Deferred Presentment Services Transactions Act related to money transmission services, tied to HB5544.

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External: legiscan:2120304:passed-chamber

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