HB5561 — Consumer credit: collection practices; regulation of collection agencies in the occupational code; provide for exemption for certain earned wage access services. Amends sec. 901 of 1980 PA 299 (MCL 339.901). TIE BAR WITH: HB 5558'26

HB5561 — Consumer credit: collection practices; regulation of collection agencies in the occupational code; provide for exemption for certain earned wage access services. Amends sec. 901 of 1980 PA 299 (MCL 339.901). TIE BAR WITH: HB 5558'26 · Informed CitizenryThis bill amends Section 901 of the Occupational Code (MCL 339.901) by updating definitions related to debt collection and collection agencies. The amendments include a new definition for "Collecti…Open in Informed Citizenry