Limit Interest Rates on Medical Debt and Update Consumer Credit Regulations

This bill aims to protect people from unfair medical debt practices by making it illegal for hospitals, providers, or debt collectors to violate new rules on medical debt. It sets limits on interest, bans deceptive billing and collection tactics, and updates Michigan’s Consumer Protection Act so the Attorney General can enforce these rules. If violated, the Attorney General could take legal action. The goal is to give patients more rights, increase billing transparency, and hold debt collectors accountable. This bill will only take effect if SB 702 is also passed into law.

Senate

PASSED ROLL CALL # 27 YEAS 35 NAYS 0 EXCUSED 2 NOT VOTING 0 · Mar 11, 2026 · pass