Amends financial exploitation prevention act to reflect elimination of Michigan Strategic Fund.

This bill amends the financial exploitation prevention act to reflect the elimination of the Michigan Strategic Fund. It updates definitions and references to ensure consistency with the elimination of the fund. The changes include modifying definitions related to financial institutions, covered financial exploitation, and examination and enforcement authority. The amendments ensure that the act remains applicable and effective in the absence of the Michigan Strategic Fund.

Amends financial exploitation prevention act to reflect elimination of Michigan Strategic Fund.

This bill amends the financial exploitation prevention act to reflect the elimination of the Michigan Strategic Fund. It updates definitions and references to ensure consistency with the elimination of the fund. The changes include modifying definitions related to financial institutions, covered financial exploitation, and examination and enforcement authority. The amendments ensure that the act remains applicable and effective in the absence of the Michigan Strategic Fund.