SB 0670
Economic development: other; financial exploitation prevention act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 3 of 2020 PA 344 (MCL 487.2083). TIE BAR WITH: SB 0631'25
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies the Financial Exploitation Prevention Act to remove references to the Michigan Strategic Fund. It clarifies definitions related to vulnerable adults, caregivers, and financial exploitation, ensuring the legislation remains current with recent changes in state policy. The bill also specifies the types of authorities available for examination and enforcement related to financial institutions.
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Primary sponsor
Thomas A. Albert
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