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Read. Follow. Verify.Michigan Senate Bill 750 updates statutory citations for motor vehicle financing within deferred presentment laws
Last action · June 10, 2026: PLACED ON ORDER OF THIRD READINGSponsors: Roger Victory and 2 others
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What This Bill Would Do
Senate Bill 750 updates legal citations to the motor vehicle sales finance act within the s act. The bill specifies that certain deferred presentment rules exclude delayed loan repayment checks managed by entities licensed under specific financial acts, contingent on the enactment of Senate Bill 739.
Updates statutory cross-references to ensure proper alignment between motor vehicle sales finance regulations and payday lending statutes in Michigan law.
- Deferred presentment service transactions, commonly known as payday lending, are regulated under Michigan's 2005 Public Act 244. context
- The Michigan Department of Insurance and Financial Services oversees financial licensing acts within the state. context
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Deferred presentment service providers
Providers offering deferred presentment transactions are subject to updated statutory references and definitions governing loan repayment checks.
Financial institutions and lenders
Entities licensed under acts such as the motor vehicle sales finance act have their statutory citations adjusted regarding loan repayment check delays.
Key Facts
- Amends section 2 of 2005 PA 244 (MCL 487.2122), as amended by 2016 PA 140, concerning deferred presentment service transactions.
- Excludes certain delayed loan repayment checks handled by persons licensed or registered under specified financial acts from the definition of a deferred presentment service transaction.
- Updates citations to include the motor vehicle sales finance act, 1950 (Ex Sess) PA 27, MCL 492.101 to 492.141, 492.137a.
- References additional regulatory statutes including the consumer financial services act, regulatory loan act, secondary mortgage loan act, money transmission services act, and mortgage brokers, lenders, and servicers licensing act.
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- Conditioned on the enactment of Senate Bill No. 739 of the 103rd Legislature.
Frequently Asked Questions
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Votes, people, money & the original sourceWhere This Stands
Currently on floor. The next step in the legislative lifecycle is Passed.
Procedural history
6 actions- Jun 10, 2026SenatePLACED ON ORDER OF THIRD READING
- Jun 10, 2026SenateREPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S)
- Apr 23, 2026SenateCommitteeREFERRED TO COMMITTEE OF THE WHOLE
- Apr 23, 2026SenateCommitteeREPORTED FAVORABLY WITHOUT AMENDMENT 4/22/2026
- Dec 16, 2025SenateCommitteeREFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION
- Dec 16, 2025SenateIntroducedINTRODUCED BY SENATOR ROGER VICTORY
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Legislative Dependency on SB 739
Senate Bill 750 explicitly conditions its enactment upon the passage of companion Senate Bill 739.
Connected Entities
Sources
legislature.mi.gov
Analysis Score
0–100- Significance35How much this matters to a regular citizen
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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