2019 Senate Bill 415 / 2020 Public Act 76

Revise consumer credit card regulation details

Introduced in the Senate

Aug. 20, 2019

Introduced by Sen. Aric Nesbitt (R-26)

To update references and definition in the 1984 law that regulates retail credit card transactions, agreements, charges, and disclosures. The bill would define "person" in this law as including limited liability company, and make more specific its definition of "credit card arrangement".

Referred to the Committee on Insurance and Banking

Oct. 24, 2019

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Nov. 7, 2019

Passed in the Senate 36 to 0 (details)

Received in the House

Nov. 7, 2019

Referred to the Committee on Financial Services

Feb. 26, 2020

Reported without amendment

Referred to the Committee on Ways and Means

March 10, 2020

Reported without amendment

Without amendment and with the recommendation that the bill pass.

March 12, 2020

Passed in the House 107 to 0 (details)

To update references and definition in the 1984 law that regulates retail credit card transactions, agreements, charges, and disclosures. The bill would define "person" in this law as including limited liability company, and make more specific its definition of "credit card arrangement".

Signed by Gov. Gretchen Whitmer

April 2, 2020