Michigan HB4889 updates collection practices by amending the 1981 PA 70 to revise definitions and restrictions on collection activities.

Michigan HB4889 amends sections 1 and 2 of the 1981 PA 70 to revise definitions and restrictions on collection practices. The bill updates the definition of "collection agency" and "claim" and specifies activities that regulated persons must avoid, such as using deceptive communication methods, misrepresenting legal actions, and employing unlicensed individuals for collection activities. It also details exceptions for certain entities, including banks, credit unions, and attorneys, and outlines permissible communication times and methods.

Michigan HB4889 updates collection practices by amending the 1981 PA 70 to revise definitions and restrictions on collection activities.

Michigan HB4889 amends sections 1 and 2 of the 1981 PA 70 to revise definitions and restrictions on collection practices. The bill updates the definition of "collection agency" and "claim" and specifies activities that regulated persons must avoid, such as using deceptive communication methods, misrepresenting legal actions, and employing unlicensed individuals for collection activities. It also details exceptions for certain entities, including banks, credit unions, and attorneys, and outlines permissible communication times and methods.