HB 5549·MI·house
Financial institutions: other; consumer financial services act; revise internal references related to money transmission services. Amends sec. 6 of 1988 PA 161 (MCL 487.2056). TIE BAR WITH: HB 5544'26
Passed One ChamberFiled Feb 19, 2026
Sponsor: Mark Tisdel (R)
Latest Action
REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION
Jul 1, 2026
Summary
This bill updates internal legal references within Michigan's Consumer Financial Services Act regarding money transmission services. It ensures that state laws correctly reference money transmission regulations, keeping the statutes accurate and consistent. The changes are tied to a companion bill, HB 5544, which likely contains broader updates to these services.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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