SB 0751
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: SB 0739'25
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill revises the Guaranteed Asset Protection Waiver Act by clarifying definitions of key terms used within the legislation. Specifically, it updates definitions related to the Motor Vehicle Sales Finance Act and the Retail Installment Sales Act to ensure consistency and clarity. The changes aim to streamline the operation of guaranteed asset protection waivers for motor vehicle purchases.
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