Motor vehicle conditional sale contracts: guaranteed asset protection waivers.
Trade: vehicles; motor vehicle sales finance act; revise reference to the guaranteed asset protection waiver act. Amends sec. 13 of 1950 (Ex Sess) PA 27 (MCL 492.113). TIE BAR WITH: SB 0343'23
An Act Concerning Guaranteed Asset Protection Waivers.
An Act Concerning Guaranteed Asset Protection Waivers.
Guaranteed Asset Protection Agreements
Consumer protection: other; citations to the motor vehicle sales finance act in the guaranteed asset protection waiver act; revise. Amends sec. 3 of 2009 PA 229 (MCL 492.23). TIE BAR WITH: HB 5354'23
Consumer protection: retail installment sales; retail installment sales act; revise reference to the guaranteed asset protection waiver act. Amends sec. 3 of 1966 PA 224 (MCL 445.853). TIE BAR WITH: SB 0343'23
Consumer protection: other; guaranteed asset protection waiver act; modify and update to the motor vehicle financial protection products act. Amends title & secs. 1, 3, 5, 7, 9 & 11 of 2009 PA 229 (MCL 492.21 et seq.); adds secs. 3a, 4 & 9a & pts. 5 & 9; designates sec. 1 as pt. 1, sec. 3 as pt. 2, sec. 3a as pt. 3, secs. 4, 5, 7, 9 & 9a as pt. 4 & sec. 11 as pt. 6 & repeals sec. 13 of 2009 PA 229 (MCL 492.33). TIE BAR WITH: SB 0344'23, SB 0345'23, SB 0346'23, SB 0347'23
Consumer protection: retail installment sales; payments under motor vehicle installment sale contracts; modify. Amends secs. 2, 12, 13, 22 & 31 of 1950 (Ex Sess) PA 27 (MCL 492.102 et seq.).
Revising the laws relative to retail installment sales of motor vehicles, and relative to the sale of a vehicle to a Massachusetts resident.