---
type: "Bill"
title: "Financial institutions: credit cards; credit card arrangements act; modify definitions and update title. Amends title & sec. 1 of 1984 PA 379 (MCL 493.101)."
description: "Financial institutions: credit cards; credit card arrangements act; modify definitions and update title. Amends title & sec. 1 of 1984 PA 379 (MCL 493.101)."
jurisdiction: "us/states/mi"
legislature: "Michigan Legislature"
session: "2019-2020"
identifier: "SB 415"
citation: "Michigan SB 415 (2019-2020)"
classification: ["bill"]
subjects: ["Financial institutions: credit cards", "Consumer credit: credit cards", "State agencies (existing): licensing and regulatory affairs"]
status: "enacted"
primary_sponsors: []
version_count: 4
action_count: 26
vote_count: 2
first_action: "2019-08-20T04:00:00+00:00"
last_action: "2020-04-07T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/00664027-d604-4b04-b2b7-933f2cabb984"
source_url: "http://legislature.mi.gov/doc.aspx?2019-SB-0415"
source_hash: "7c51bdf44dc5e83e7f94a20ee52d12d362ed1ddf056c649e0471b9f6dc542d83"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-mi"]
---

# Michigan SB 415 (2019-2020) — Financial institutions: credit cards; credit card arrangements act; modify definitions and update title. Amends title & sec. 1 of 1984 PA 379 (MCL 493.101).

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **As Passed by the House** (committee substitute) — [source](http://legislature.mi.gov/documents/2019-2020/billengrossed/Senate/htm/2019-SEBH-0415.htm)
2. **As Passed by the Senate** (committee substitute) — [source](http://legislature.mi.gov/documents/2019-2020/billengrossed/Senate/htm/2019-SEBS-0415.htm)
3. **Public Act** (committee substitute) — [source](http://legislature.mi.gov/documents/2019-2020/publicact/htm/2020-PA-0076.htm)
4. **Senate Introduced Bill** (committee substitute) — [source](http://legislature.mi.gov/documents/2019-2020/billintroduced/Senate/htm/2019-SIB-0415.htm)

## Votes

- PASSED ROLL CALL # 301 YEAS 36 NAYS 0 EXCUSED 2 NOT VOTING 0 — **36–0** (pass) · upper
- passed; given immediate effect Roll Call # 158 Yeas 107 Nays 0 Excused 0 Not Voting 2 — **107–0** (pass) · lower

## Sponsors

- Aric Nesbitt — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2019-08-20T04:00:00+00:00** INTRODUCED BY SENATOR ARIC NESBITT `introduction`
- **2019-08-20T04:00:00+00:00** REFERRED TO COMMITTEE ON INSURANCE AND BANKING `referral-committee`
- **2019-10-24T04:00:00+00:00** REPORTED FAVORABLY WITH SUBSTITUTE (S-1) `committee-passage`
- **2019-10-24T04:00:00+00:00** COMMITTEE RECOMMENDED IMMEDIATE EFFECT
- **2019-10-24T04:00:00+00:00** REFERRED TO COMMITTEE OF THE WHOLE WITH SUBSTITUTE (S-1) `referral-committee`
- **2019-11-06T05:00:00+00:00** REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITH SUBSTITUTE (S-1) `committee-passage`
- **2019-11-06T05:00:00+00:00** SUBSTITUTE (S-1) CONCURRED IN
- **2019-11-06T05:00:00+00:00** PLACED ON ORDER OF THIRD READING WITH SUBSTITUTE (S-1)
- **2019-11-07T05:00:00+00:00** PASSED ROLL CALL # 301 YEAS 36 NAYS 0 EXCUSED 2 NOT VOTING 0 `passage`
- **2019-11-07T05:00:00+00:00** received on 11/07/2019 `introduction`
- **2019-11-07T05:00:00+00:00** read a first time `reading-1`
- **2019-11-07T05:00:00+00:00** referred to Committee on Financial Services `referral-committee`
- **2020-02-26T05:00:00+00:00** referred to Committee on Ways and Means `referral-committee`
- **2020-03-10T04:00:00+00:00** reported with recommendation without amendment `committee-passage`
- **2020-03-10T04:00:00+00:00** referred to second reading
- **2020-03-11T04:00:00+00:00** read a second time `reading-2`
- **2020-03-11T04:00:00+00:00** placed on third reading
- **2020-03-12T04:00:00+00:00** read a third time `reading-3`
- **2020-03-12T04:00:00+00:00** passed; given immediate effect Roll Call # 158 Yeas 107 Nays 0 Excused 0 Not Voting 2 `passage`
- **2020-03-12T04:00:00+00:00** returned to Senate
- **2020-03-17T04:00:00+00:00** GIVEN IMMEDIATE EFFECT
- **2020-03-17T04:00:00+00:00** ORDERED ENROLLED
- **2020-03-25T04:00:00+00:00** PRESENTED TO GOVERNOR 03/19/2020 12:52 PM `executive-receipt`
- **2020-04-07T04:00:00+00:00** APPROVED BY GOVERNOR 04/02/2020 08:50 AM `executive-signature`
- **2020-04-07T04:00:00+00:00** FILED WITH SECRETARY OF STATE 04/02/2020 10:02 AM
- **2020-04-07T04:00:00+00:00** ASSIGNED PA 0076'20 WITH IMMEDIATE EFFECT

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/00664027-d604-4b04-b2b7-933f2cabb984`. Confidence: reported (aggregated from official Michigan legislature records).