Loading chat...

MI HB4242

Bill

Official Source

Status

Introduced

2/25/2015

Primary Sponsor

Leslie Love

Click for details

Origin

House of Representatives

98th Legislature

AI Summary

  • Requires licensees and authorized delegates providing money transmission services to post a sign at each service location disclosing their fees for each money transmission service offered.

  • Sign must be printed in boldfaced type, 36-point font or larger, and displayed in a conspicuous location visible to the public.

  • Amends the Money Transmission Services Act (2006 PA 250) by adding Section 35.

Legislative Description

Financial institutions; money transmitters; posting of fees and rates for money orders and other money transmission services; require. Amends 2006 PA 250 (MCL 487.1001 - 487.1047) by adding sec. 35.

Financial institutions: money transmitters

Last Action

Printed Bill Filed 02/26/2015

2/26/2015

Committee Referrals

Financial Services2/25/2015

Full Bill Text

No bill text available