Michigan SB0838 revises sentencing guidelines for money transmission violations.
Michigan SB0838 amends the Michigan Compiled Laws to revise sentencing guidelines for specific money transmission violations. The bill addresses offenses such as making false statements, misrepresentations, or certifications in records or documents related to money transmission services. It also covers criminal fraud in the conduct of money transmission services and violations of the Money Transmission Modernization Act license. The changes will take effect on January 1, 2026, contingent on the enactment of Senate Bill No. 835.
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