Loading chat...
MI HB5563
Bill
Status
2/24/2026
Primary Sponsor
Tullio Liberati
Click for details
AI Summary
-
Exempts earned wage access services licensed under a new Earned Wage Access Services Act from Michigan's collection practices regulations governing debt collection agencies.
-
Amends the definition of "regulated person" in Michigan's 1981 collection practices law to exclude licensed earned wage access providers from the act's requirements.
-
Makes minor technical language updates throughout the statute, including gender-neutral pronoun changes and replacing "pursuant to" with "under."
-
Takes effect only if House Bill No. 5558 (the companion Earned Wage Access Services Act) is also enacted into law.
Legislative Description
Consumer credit: collection practices; regulation of collection practices; provide for exemption for certain earned wage access services. Amends sec. 1 of 1981 PA 70 (MCL 445.251). TIE BAR WITH: HB 5558'26
Consumer credit: collection practices
Last Action
Bill Electronically Reproduced 02/24/2026
2/26/2026