Michigan · 2025-2026 Regular Session · Bill

SB 837: Financial institutions: payday lending; deferred presentment services transactions act; revise internal references related to money transmission services. Amends sec. 2 of 2005 PA 244 (MCL 487.2122). TIE BAR WITH: SB 0835'26

In committee Last action March 17, 2026: REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

Plain-language summary

SB 837 is a bill introduced in the Michigan Senate on March 17, 2026. According to its official title, it concerns: Financial institutions: payday lending; deferred presentment services transactions act; revise internal references related to money transmission services. Amends sec. 2 of 2005 PA 244 (MCL 487.2122). TIE BAR WITH: SB 0835'26. Primary sponsor: John Damoose (Republican). It lists 4 additional sponsors. Most recent recorded action (March 17, 2026): REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION.

Sponsors

Primary sponsor: John Damoose (Republican). 4 co-sponsors.