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MI HB5863
Bill
Status
12/31/2012
Primary Sponsor
Ray Franz
Click for details
AI Summary
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Amends Section 36 of the 1950 Motor Vehicle Sales Finance Act to clarify that the act does not affect lawful businesses operating under the Regulatory Loan Act, Banking Code of 1999, or Credit Union Act
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Effective date of December 31, 2012
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Contingent on the enactment of House Bill No. 5835 of the 96th Legislature as a condition for this bill to take effect
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Approved by the Governor on December 20, 2012 and filed with the Secretary of State on December 27, 2012
Legislative Description
Financial institutions; savings and loan associations; motor vehicle sales finance statute; revise citation to savings and loan act. Amends sec. 36 of 1950 (Ex Sess) PA 27 (MCL 492.136). TIE BAR WITH: HB 5835'12
Trade, vehicles
Last Action
Assigned Pa 452'12 With Immediate Effect 2012 Addenda
12/31/2012