HB5798 — Financial institutions: money transmitters; money transmission modernization act; create. Creates act & repeals 2006 PA 250 (MCL 487.1001

HB5798 — Financial institutions: money transmitters; money transmission modernization act; create. Creates act & repeals 2006 PA 250 (MCL 487.1001 - 487.1047). · Informed CitizenryHB5798 creates the 'money transmission modernization act' to replace existing Michigan money transmission laws. The act aims to coordinate state regulation, protect the public from financial crime,…Open in Informed Citizenry