Michigan SB701: Consumer credit: interest rates; maximum interest rate allowed for medical debt; modify. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: SB 0702'25

What the bill says

To amend 1976 PA 331, entitled "Michigan consumer protection act," by amending section 3 (MCL 445.903), as amended by 2022 PA 152.

From the engrossed text, March 11, 2026:

A bill to amend 1976 PA 331, entitled "Michigan consumer protection act," by amending section 3 (MCL 445.903), as amended by 2022 PA 152. the peoplE of the state of michigan enact: Sec. 3. (1) Unfair, unconscionable, or deceptive methods, acts, or practices in the conduct of trade or commerce are unlawful and are defined as follows: (a) Causing a probability of confusion or misunderstanding as to the source, sponsorship, approval, or certification of goods or services. (b) Using deceptive representations or deceptive designations of geographic origin in connection with goods or services. (c) Representing that goods or services have sponsorship, approval, characteristics, ingredients, uses, benefits, or quantities that they the goods or services do not have or that a person has sponsorship, approval, status, affiliation, or connection that he or she the person does not have. (d) Representing that goods are new if they the goods are deteriorated, altered, reconditioned, used, or secondhand. (e) Representing that goods or services are of a particular standard, quality, or grade, or that goods are of a particular style or model, if they the goods are of another. (f) Disparaging the goods, services, business, or reputation of another by false or misleading representation of fact. (g) Advertising or representing goods or services with intent not to dispose of those goods or services as …

Read the full official text

Sponsors

• Lindsey, Jonathan (R, 17) · primary sponsor
• Anthony, Sarah (D, 21)
• Cavanagh, Mary (D, 6)
• McMorrow, Mallory (D, 8)
• Moss, Jeremy (D, 7)

Latest actions

1. June 17, 2026: referred to second reading
2. June 17, 2026: reported with recommendation without amendment
3. March 11, 2026: referred to Committee on Health Policy
4. March 11, 2026: read a first time
5. March 11, 2026: received on 03/11/2026
6. March 11, 2026: PASSED ROLL CALL # 27 YEAS 35 NAYS 0 EXCUSED 2 NOT VOTING 0
7. March 10, 2026: PLACED ON ORDER OF THIRD READING WITH SUBSTITUTE (S-1)
8. March 10, 2026: SUBSTITUTE (S-1) CONCURRED IN
9. March 10, 2026: REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITH SUBSTITUTE (S-1)
10. March 5, 2026: REFERRED TO COMMITTEE OF THE WHOLE

Votes

• Reported With Recommendation Without Amendment (June 17, 2026): 15 yea, 0 nay, passed
• PASSED (March 11, 2026): 35 yea, 0 nay, passed
• Reported Favorably Without Amendment 3/4/2026 (March 5, 2026): 7 yea, 0 nay, passed

Common questions

What is SB701?

SB701 is a bill in the Michigan Legislature (103rd Legislature): Consumer credit: interest rates; maximum interest rate allowed for medical debt; modify. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: SB 0702'25.

What does SB701 do?

In its own words: To amend 1976 PA 331, entitled "Michigan consumer protection act," by amending section 3 (MCL 445.903), as amended by 2022 PA 152.

What is the status of SB701?

In committee as of June 17, 2026. Latest action: referred to second reading (June 17, 2026).

Who sponsored SB701?

Lindsey, Jonathan (R, 17), with 4 co-sponsors.

Where is the official record for SB701?

On the Michigan Legislature website: https://www.legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0701