HOUSE OF REPRESENTATIVES
COMMITTEE ON FINANCE
REP. MARK TISDEL
CHAIR
COMMITTEE MEETING MINUTES
Tuesday, March 10, 2026
10:30 AM
Room 521, House Office
Building
The House Committee on Finance was called to order by Chair Tisdel.
The Chair requested attendance to be called:
Present: Reps. Tisdel, Frisbie, VanderWall, Lightner, Martin, Posthumus, Alexander,
Aragona, Hoskins, Tyrone Carter, Neeley, Young and Paiz.
Absent: Reps. Schuette and Breen.
Excused: Reps. Schuette and Breen.
Representative Paiz moved to adopt the meeting minutes from March 03, 2026. There being no
objection, the motion prevailed with unanimous consent.
The Chair laid HB 5544, HB 5545, HB 5546, HB 5547, HB 5548, HB 5549 and HB 5550 before
the committee:
HB 5544
(Rep. Lightner)
A bill to regulate the business of money
transmission; to require the licensing of
persons engaged in the business of money
transmission; to prescribe the powers and
duties of certain state and local officers and
entities; to prescribe penalties and civil
sanctions; and to repeal acts and parts of acts.
HB 5545
(Rep. Martin)
A bill to amend 1988 PA 161, entitled
"Consumer financial services act," by
amending section 2 (MCL 487.2052), as
amended by 2006 PA 252.
HB 5546
(Rep. Brenda Carter)
A bill to amend 2005 PA 244, entitled
"Deferred presentment service transactions
act," by amending section 2 (MCL 487.2122),
as amended by 2016 PA 140.
HB 5547
(Rep. Snyder)
A bill to amend 1927 PA 175, entitled "The
code of criminal procedure," by amending
section 14p of chapter XVII (MCL 777.14p),
as amended by 2008 PA 528.
HB 5548
(Rep. Lightner)
A bill to amend 1988 PA 161, entitled
"Consumer financial services act," by
amending section 5 (MCL 487.2055), as
amended by 2006 PA 252.
HB 5549
(Rep. Tisdel)
A bill to amend 1988 PA 161, entitled
"Consumer financial services act," by
amending section 6 (MCL 487.2056), as
amended by 2006 PA 252.
HB 5550
(Rep. Schuette)
A bill to amend 1988 PA 161, entitled
"Consumer financial services act," by
amending section 10g (MCL 487.2060g), as
amended by 2006 PA 252.
Chair Tisdel testified in support of the proposed (H-1) substitute for HB 5544.
Representative VanderWall moved to adopt substitute (H-1) to HB 5544. The motion prevailed
12-0-1:
FAVORABLE ROLL CALL
Yeas: Reps. Tisdel, Frisbie, VanderWall, Lightner, Martin, Posthumus, Alexander, Aragona,
Hoskins, Tyrone Carter, Neeley and Young.
Nays: None.
Pass: Rep. Paiz.
Representative Lightner, joined by Ross Yednock, representing the Michigan Department of
Insurance and Financial Services, testified in support of HB 5544, HB 5545, HB 5546, HB 5547,
HB 5548, HB 5549 and HB 5550. Questions and discussion followed.
Lori Brown, representing the Independent Payroll Processors Association, testified in support of
HB 5544. Questions and discussions followed.
Amy Miller, representing Automatic Data Processing, Inc., testified in support of HB 5544, HB
5545, HB 5546, HB 5547, HB 5548, HB 5549 and HB 5550. Questions and discussions followed.
The Chair laid HB 5552 before the committee:
HB 5552
(Rep. Tisdel)
A bill to amend 1966 PA 326, entitled "An act
to regulate the rate of interest of money; to
provide exceptions; to prescribe the rights of
parties; and to repeal certain acts and parts of
acts," by amending section 1c (MCL 438.31c),
as amended by 1990 PA 94.
At 11:09 AM, the Chair laid the committee at ease.
At 11:10 AM, Majority Vice Chair Frisbie called the committee back to order.
Representative Tisdel, joined by Allyson McLean and Andrew Goralczyk, representing Rocket
Mortgage, testified in support of HB 5552. Questions and discussion followed.
At 11:17 AM, Majority Vice Chair Frisbie laid the committee at ease.
At 11:18 AM, the Chair called the committee back to order.
The Chair laid HB 5497 before the committee:
HB 5497
(Rep. Schuette)
A bill to amend 1977 PA 135, entitled "An act
to prohibit certain mortgage lending practices
by a credit granting institution; to prescribe the
powers and duties of the commissioner of the
financial institutions bureau in relation to those
practices; to permit the establishment of local
mortgage review boards; and to provide
remedies and penalties," by amending the title
and sections 1 and 2 (MCL 445.1601 and
445.1602), the title and section 2 as amended
by 1993 PA 43 and section 1 as amended by
2012 PA 444.
Chair Tisdel testified in support of the proposed (H-1) substitute for HB 5497.
Representative Aragona moved to adopt substitute (H-1) to HB 5497. The motion prevailed
13-0-0:
FAVORABLE ROLL CALL
Yeas: Reps. Tisdel, Frisbie, VanderWall, Lightner, Martin, Posthumus, Alexander, Aragona,
Hoskins, Tyrone Carter, Neeley, Young and Paiz.
Nays: None.
Pass: None.
Representative Aragona moved to report out HB 5497 with recommendation, as substitute (H-1).
The motion prevailed 11-0-2:
FAVORABLE ROLL CALL
Yeas: Reps. Tisdel, Frisbie, VanderWall, Lightner, Martin, Posthumus, Alexander, Aragona,
Hoskins, Tyrone Carter and Neeley.
Nays: None.
Pass: Reps. Young and Paiz.
Representative VanderWall moved to excuse Representatives Schuette and Breen from the
meeting. There being no objection the motion prevailed by unanimous consent.
There being no further business before the committee, Chair Tisdel adjourned the meeting at 11:20
AM.
Representative Mark Tisdel, Chair
Hazel Campbell-Crawley
Committee Clerk
hcrawley@house.mi.gov