MI HB4889

Revises the definition of "collection agency" to remove references to licensing requirements under Article 9 of the Occupational Code, simplifying the definition to include persons collecting or attempting to collect debts owed to another person

Removes the exemption for businesses licensed by the state under regulatory acts that regulate collection activity from the "regulated person" definition

Eliminates the prohibition on employing unlicensed collection agents, removing the requirement that collection personnel be licensed under Article 9 of the Occupational Code

Makes technical and grammatical changes throughout, including updating language from plural to singular forms and modernizing word choices

Contains a tie bar provision requiring HB 4887 of the 103rd Legislature to be enacted into law for this bill to take effect