HB4906 — Consumer credit: collection practices; requirements for location of trust accounts; clarify. Amends sec. 909 of 1980 PA 299 (MCL 339.909).

HB4906 — Consumer credit: collection practices; requirements for location of trust accounts; clarify. Amends sec. 909 of 1980 PA 299 (MCL 339.909). · Informed CitizenryThe bill amends section 909 of the Occupational Code regarding collection agencies. It requires all collection agencies to maintain a separate trust account for all money collected under this artic…Open in Informed Citizenry