SB701 — 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: SB 0702'25

SB701 — 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: SB 0702'25 · Informed CitizenryThis bill amends the Michigan Consumer Protection Act to define unfair, unconscionable, or deceptive methods, acts, or practices in trade or commerce. It provides a comprehensive list of prohibited…Open in Informed Citizenry