2024 House Bill 5536

Occupations: pawnbrokers; allowable rate of interest charged by pawnbrokers; increase, and prescribe civil sanctions.

A bill to amend 1917 PA 273, entitled “An act to regulate and license pawnbrokers that conduct business in this state; to provide for the disposition of allegedly misappropriated property in the possession of pawnbrokers; to provide remedies and prescribe penalties; and to provide for the powers and duties of certain local governmental units and state agencies,” by amending sections 8 and 9 (MCL 446.208 and 446.209), section 8 as amended by 2002 PA 469 and section 9 as amended by 2018 PA 345.

Introduced in the House

March 5, 2024

Introduced by Rep. Tullio Liberati (D-2) and 9 co-sponsors

Co-sponsored by Reps. Joseph Aragona (R-60), Doug Wozniak (R-59), Will Snyder (D-87), Gregory Alexander (R-98), Matt Bierlein (R-97), Timothy Beson (R-96), Mike Harris (R-52), Tom Kunse (R-100) and Mike McFall (D-8)

Referred to the Committee on Regulatory Reform