HB5254 — Consumer credit: interest rates; maximum interest rate allowed for medical debt; modify. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: HB 5255'25

HB5254 — Consumer credit: interest rates; maximum interest rate allowed for medical debt; modify. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: HB 5255'25 · Informed CitizenryThis bill amends Section 3 of the Michigan consumer protection act (MCL 445.903), which defines unfair, unconscionable, or deceptive methods, acts, or practices in trade or commerce. The text expli…Open in Informed Citizenry