HB4890

Michigan HB4890 revises the definition of "collection agency" under 1989 PA 211, clarifying exclusions and inclusions.

Michigan HB4890 amends the definition of "collection agency" in 1989 PA 211, clarifying which entities are included and excluded from this definition. The bill specifies that a collection agency includes individuals representing themselves as such in collection or repossession activities, and those acting under a court order. It excludes certain entities from the definition, such as regular employees collecting for one employer in the employer's name, and financial institutions collecting their own claims.