Senate Bill 701 of 2025

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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

Documents

Bill Document Formatting Information
Senate Introduced Bill
Introduced bills appear as they were introduced and reflect no subsequent amendments or changes
As Passed by the Senate
The As Passed by the Senate version is the bill, as introduced, that includes any adoped Senate amendments

Analysis

Senate Fiscal Agency Analysis

SUMMARY OF INTRODUCED BILL IN COMMITTEE (Date Completed: 1-26-26)
This document analyzes SB701, SB702
SUMMARY OF BILL REPORTED FROM COMMITTEE (Date Completed: 3-5-26)
This document analyzes SB701, SB702
SUMMARY OF BILL ON THIRD READING (Date Completed: 3-11-26)
This document analyzes SB701, SB702
ANALYSIS AS PASSED BY THE SENATE (Date Completed: 4-23-26)
This document analyzes SB701, SB702

House Fiscal Agency Analysis

Summary as Passed by the Senate (6/16/2026)
This document analyzes SB701, SB702

History

(House actions in lowercase, Senate actions in UPPERCASE)
Note: A page number of 0 indicates that the page number is coming soon
Date Journal Action
11/06/2025 SJ 103 Pg. 1717 INTRODUCED BY SENATOR JONATHAN LINDSEY
11/06/2025 SJ 103 Pg. 1717 REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION
11/13/2025 SJ 105 Pg. 1736 SENATE CO-SPONSOR(S) NAMED: MALLORY MCMORROW
1/29/2026 SJ 7 Pg. 51 SENATE CO-SPONSOR(S) NAMED: JEREMY MOSS
3/05/2026 SJ 21 Pg. 153 REPORTED FAVORABLY WITHOUT AMENDMENT 3/4/2026
3/05/2026 SJ 21 Pg. 153 REFERRED TO COMMITTEE OF THE WHOLE
3/10/2026 SJ 22 Pg. 173 REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITH SUBSTITUTE (S-1)
3/10/2026 SJ 22 Pg. 173 SUBSTITUTE (S-1) CONCURRED IN
3/10/2026 SJ 22 Pg. 173 PLACED ON ORDER OF THIRD READING WITH SUBSTITUTE (S-1)
3/11/2026 SJ 23 Pg. 185 PASSED ROLL CALL # 27 YEAS 35 NAYS 0 EXCUSED 2 NOT VOTING 0
3/11/2026 HJ 21 Pg. 273 received on 03/11/2026
3/11/2026 HJ 21 Pg. 279 read a first time
3/11/2026 HJ 21 Pg. 279 referred to Committee on Health Policy
6/17/2026 HJ 48 Pg. 810 reported with recommendation without amendment
6/17/2026 HJ 48 Pg. 810 referred to second reading