MI SB0657

Amends the collection practices statute (1981 PA 70) to clarify definitions of "claim," "collection agency," "consumer," and related terms under Michigan law.

Expands the definition of "collection agency" to include persons using fictitious names, forms with third-party names, and those representing themselves as collection or repossession agents, even if payment is directed to the creditor.

Excludes certain activities from the definition of "collection activities," including claim forwarders and remarketers that forward repossession assignments to licensed agencies or arrange disposition of repossessed items on behalf of creditors.

Adds "regulated person" category exempting employees, banks, credit unions, savings and loan associations, licensed lenders, real estate brokers, attorneys, and persons acting under court orders from the statute's full requirements.

Takes effect 90 days after enactment (September 7, 2016).