Amends Michigan's debt management act to revise the definition of collection agency and related activities.

Michigan HB4891 amends the definition of "collection agency" in the debt management act. It specifies that a collection agency includes individuals or entities representing themselves as such or performing collection activities. The bill also details activities that do not qualify as collection activities, such as forwarding repossession assignments. The amendment requires certain individuals to be certified counselors and outlines conditions under which a license may not be issued. The bill's enactment is contingent on the passage of House Bill No. 4887.

Amends Michigan's debt management act to revise the definition of collection agency and related activities.

Michigan HB4891 amends the definition of "collection agency" in the debt management act. It specifies that a collection agency includes individuals or entities representing themselves as such or performing collection activities. The bill also details activities that do not qualify as collection activities, such as forwarding repossession assignments. The amendment requires certain individuals to be certified counselors and outlines conditions under which a license may not be issued. The bill's enactment is contingent on the passage of House Bill No. 4887.