Criminal procedure: sentencing guidelines; sentencing guidelines for motor vehicle sales finance violations; modify. Amends sec. 14p, ch. XVII of 1927 PA 175 (MCL 777.14p). TIE BAR WITH: SB 0739'25
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Progress
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- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill modifies sentencing guidelines for certain crimes related to motor vehicle sales finance. Specifically, it adjusts the penalties for violations outlined in Michigan Compiled Laws chapters 482, 487, and 492, which cover offenses such as fraudulent bills of lading, false statements in money transmission records, and operating a motor vehicle sales finance business without a license. The bill’s implementation is contingent upon the passage of Senate Bill 739.
Key provisions
- Adjusts sentencing guidelines for violations of the Money Transmission Services Act.
- Modifies penalties for fraudulent bills of lading related to motor vehicle sales.
- Addresses criminal fraud in the conduct of money transmission services businesses.
- Specifies penalties for violations of the BIDCO Act regarding excessive interest rates.
- Updates sentencing for false statements in reports related to secondary mortgages.
- Addresses operating a motor vehicle sales finance business without the required license.
Who is affected
- Individuals convicted of motor vehicle sales finance violations.
- Money transmission service providers.
- Installment sales finance companies.
- Motor vehicle dealers.
- Mortgage lenders
Notable changes
- The bill’s enactment is tied to the passage of Senate Bill 739.
Bill text
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