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MI HB5561
Bill
Status
2/24/2026
Primary Sponsor
Tullio Liberati
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AI Summary
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Exempts earned wage access services licensed under the proposed Earned Wage Access Services Act from collection agency licensing requirements under Michigan's Occupational Code
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Adds earned wage access licensees to the list of entities excluded from the definition of "collection agency" when collecting claims related to their earned wage access operations
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Creates a tie bar with HB 5558, meaning this bill only takes effect if HB 5558 (the Earned Wage Access Services Act) is also enacted into law
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Amends Section 901 of the Occupational Code (MCL 339.901) to update collection agency regulations and exemptions
Legislative Description
Consumer credit: collection practices; regulation of collection agencies in the occupational code; provide for exemption for certain earned wage access services. Amends sec. 901 of 1980 PA 299 (MCL 339.901). TIE BAR WITH: HB 5558'26
Consumer credit: collection practices
Last Action
Bill Electronically Reproduced 02/24/2026
2/26/2026