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Michigan · 2025-2026 Regular Session · Bill

SB 701: Consumer credit: interest rates; maximum interest rate allowed for medical debt; modify. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: SB 0702'25

Passed one chamber Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 701 is a bill introduced in the Michigan Senate on November 6, 2025. According to its official title, it concerns: Consumer credit: interest rates; maximum interest rate allowed for medical debt; modify. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: SB 0702'25. Primary sponsor: Jonathan Lindsey (Republican). It lists 4 additional sponsors. Most recent recorded action (June 17, 2026): referred to second reading.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Sponsors

Sponsors by party (alphabetical): Democratic 4 · Republican 1

NameRolePartyChamberDistrict
Jonathan LindseyPrimary sponsorRepublicanSenate17
Sarah AnthonyCo-sponsorDemocraticSenate21
Mary CavanaghCo-sponsorDemocraticSenate6
Mallory McMorrowCo-sponsorDemocraticSenate8
Jeremy MossCo-sponsorDemocraticSenate7

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. referred to second reading
  2. reported with recommendation without amendment
  3. referred to Committee on Health Policy
  4. read a first time
  5. received on 03/11/2026
  6. PASSED ROLL CALL # 27 YEAS 35 NAYS 0 EXCUSED 2 NOT VOTING 0
  7. PLACED ON ORDER OF THIRD READING WITH SUBSTITUTE (S-1)
  8. SUBSTITUTE (S-1) CONCURRED IN
  9. REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITH SUBSTITUTE (S-1)
  10. REFERRED TO COMMITTEE OF THE WHOLE
  11. REPORTED FAVORABLY WITHOUT AMENDMENT 3/4/2026
  12. SENATE CO-SPONSOR(S) NAMED: JEREMY MOSS

Showing 12 most recent of 15 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source