HB5548 — Financial institutions: other; consumer financial services act; revise internal references related to money transmission services. Amends sec. 5 of 1988 PA 161 (MCL 487.2055). TIE BAR WITH: HB 5544'26

HB5548 — Financial institutions: other; consumer financial services act; revise internal references related to money transmission services. Amends sec. 5 of 1988 PA 161 (MCL 487.2055). TIE BAR WITH: HB 5544'26 · Informed CitizenryThis bill amends the Consumer Financial Services Act (1988 PA 161) by revising Section 5, which outlines requirements for applying for a license. An application must include an annual operating fee…Open in Informed Citizenry