HB 4281
Trade: vehicles; used motor vehicle cancellation option agreement; provide for. Creates new act.
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
House Bill 4281 creates the "Used Motor Vehicle Warranty Act" to provide consumers purchasing or leasing used cars in Michigan with a 2-day cancellation option. This allows buyers to return a used vehicle for a full refund (minus a restocking fee) without needing a specific reason. The bill sets requirements for dealers to offer this option for vehicles under $50,000 and outlines fees associated with the agreement, while also specifying which vehicles are exempt.
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