Financial institutions: generally; regulatory loan act; amend to exempt earned wage access services. Amends sec. 20 of 1939 PA 21 (MCL 493.20). TIE BAR WITH: HB 5558'26

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 1 History 6 Sponsors

No summary has been published for this bill. The full text is on the Bill text tab.

Chamber: House
Introduced: Feb 24, 2026
Last action: Apr 30, 2026 — referred to second reading
Session: 2025-2026
Momentum: 53 · Moderate

PASSAGE PROBABILITY

8% Unlikely

Why this number

Stage base Reported from Committee — base rate 29%, measured from MI's completed sessions
Momentum +1 53/100 from the pace of recorded action
Time since last action -22 165 days quiet

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