MI SB0451

Prohibits consumer reporting agencies from including medical debt information in consumer reports, except for credit transactions exceeding the national conforming loan limit for a 1-unit property (set annually by the Federal Housing Finance Authority)

Bans medical creditors and medical debt collectors from reporting any medical debt information to consumer reporting agencies

Requires collection agencies to include a written disclosure in initial communications informing consumers that Michigan law prohibits medical debt reporting on credit reports, with the exception for large credit transactions

Prohibits collection agencies from threatening to report medical debt to credit bureaus unless the transaction qualifies for the high-value loan exception

Allows individuals to file civil lawsuits for violations of the act and recover actual damages, injunctive relief, and attorney fees if they prevail