2014 Senate Bill 947 / Public Act 560

Revise collection agency audit details

Introduced in the Senate

May 20, 2014

Introduced by Sen. Rick Jones (R-24)

To delete a requirement that the Department of Licensing and Regulatory Affairs (LARA) audit a collection agency on a biennial basis. The agencies would still be subject to current regulations and record keeping requirements, however. The bill would also establish as "the intent of the legislature" that the regulations apply to debt collection agencies, not the companies that hire them.

Referred to the Committee on Regulatory Reform

May 27, 2014

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

June 4, 2014

Substitute offered

The substitute passed by voice vote

Passed in the Senate 28 to 7 (details)

Motion to reconsider by Sen. Arlan Meekhof (R-30)

The vote by which the bill was passed.

The motion passed by voice vote

Received

Passed in the Senate 27 to 9 (details)

To delete a requirement that the Department of Licensing and Regulatory Affairs (LARA) audit a collection agency on a biennial basis. The agencies would still be subject to current regulations and record keeping requirements, however. The bill would also establish as "the intent of the legislature" that the regulations apply to debt collection agencies, not the companies that hire them.

Received in the House

June 4, 2014

Referred to the Committee on Regulatory Reform

Dec. 2, 2014

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Dec. 18, 2014

Amendment offered by Rep. Hugh Crawford (R-38)

To remove the provision establishing as "the intent of the legislature" that the regulations apply to debt collection agencies, not the companies that hire them.

The amendment passed by voice vote

Amendment offered by Rep. Andy Schor (D-68)

To establish that the relevant state department "shall" audit a collection agency's books when deemed necessary, rather than "may" audit them.

The amendment failed by voice vote

Passed in the House 66 to 44 (details)

To delete a requirement that the Department of Licensing and Regulatory Affairs (LARA) audit a collection agency on a biennial basis. The agencies would still be subject to current regulations and record keeping requirements, however.

Motion to reconsider

To reconsider the vote by which the House passed the bil.

The motion passed by voice vote

Received

Passed in the House 65 to 45 (details)

To delete a requirement that the Department of Licensing and Regulatory Affairs (LARA) audit a collection agency on a biennial basis. The agencies would still be subject to current regulations and record keeping requirements, however.

Received in the Senate

Dec. 19, 2014

Passed in the Senate 26 to 12 (details)

Signed by Gov. Rick Snyder

Dec. 31, 2014