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HB5545

Financial institutions: other; consumer financial services act; revise internal references related to money transmission services. Amends sec. 2 of 1988 PA 161 (MCL 487.2052). TIE BAR WITH: HB 5544'26

Chamber Passed·6/25/26

Revises internal references in the Consumer Financial Services Act related to money transmission services.

This bill amends the Consumer Financial Services Act to revise internal references related to money transmission services. It updates definitions and references to align with other financial licensing acts, ensuring consistency and clarity in regulatory language. The changes take effect on January 1, 2026, contingent on the enactment of House Bill No. 5544.

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  • Core Provisions
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  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Last
Passed the House · 102–5 · Jun 25
Current
Finance, Insurance, And Consumer Protection Committee
Next
Senate floor vote

Sponsors

DD
2
4
RRRR
Democratic CaucusRepublican Caucus

Roll Call Votes

102 Yea

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5 Nay

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Calendar

Mar 17

10:30 AM

House Finance

Mar 10

10:30 AM

House Finance

History

Jul 1

Senate

Passed By House With Immediate Effect

Jul 1

Senate

Referred To Committee On Finance, Insurance, And Consumer Protection

Jun 25

House

Read A Third Time