Script-free record · Release 2026-07-28.3

Finance

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meeting

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The source classifies this meeting as held. Proceeding quorum is quorum not determined; that is not an individual attendance finding.

Meeting date: 2026-03-10
Scheduled start: 2026-03-10 10:30:00.000000
Documented start: Not recorded
Documented end: 2026-03-10 11:20:00.000000
Location: Room 521, House Office Building
Official minutes: Open official source ↗

A roster, minutes attendance list, named vote, and proceeding-level quorum result are different kinds of evidence. Related rows retain their source scope.

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Actual end: 2026-03-10 11:20:00.000000
Actual start: Not recorded
Chamber: house
Committee id: committee-26
Committee name: Finance
Evidence text: 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
Location: Room 521, House Office Building
Media count: 2
Meeting date: 2026-03-10
Meeting id: meeting-375
Meeting state: held
Minutes url: Open official source ↗
Quorum state: quorum not determined
Scheduled start: 2026-03-10 10:30:00.000000
Session name: 2025-2026

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Michigan Legislative Activity and Evidence Dataset, release 2026-07-28.3, “Finance,” /meetings/meeting-375.

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