SB 0744
Commercial code: other; citations to the motor vehicle sales finance act; revise. Amends sec. 9201 of 1962 PA 174 (MCL 440.9201). TIE BAR WITH: SB 0739'25
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill revises the Michigan Commercial Code to ensure consistency with other relevant laws, particularly the Motor Vehicle Sales Finance Act. Specifically, it updates Section 9201 to include a list of additional statutes and regulations that apply to security agreements, such as the Regulatory Loan Act, the Michigan Vehicle Code, and the Grain Dealers Act. This ensures that these agreements comply with a broader range of legal requirements and consumer protections.
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