SB 0752
Property: other; citations to the motor vehicle sales finance act in 1846 RS 65; revise. Amends sec. 25 of 1846 RS 65 (MCL 565.25). TIE BAR WITH: SB 0739'25
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill revises the Michigan Motor Vehicle Sales Finance Act of 1846 to clarify when the recording of certain instruments, such as liens and mortgages, creates a perfected encumbrance on real property. It expands the list of entities that are exempt from this requirement, including insurance companies, motor vehicle finance companies, and various types of lending institutions. The bill also establishes liability for intentionally harassing or intimidating individuals when recording an encumbrance without a legitimate reason.
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Primary sponsor
Edward W. McBroom
Cosponsors
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