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MI HB4426
Bill
Status
12/31/2016
Primary Sponsor
John Kivela
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AI Summary
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Restricts sale of distressed late-model vehicles from salvage pools to only licensed salvage agents, automotive recyclers, foreign salvage vehicle dealers, or the vehicle's former owner or lienholder.
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Requires salvage pools to notify vehicle owners and lienholders of vehicle availability within 30 days, with failure to redeem resulting in sale of the vehicle and termination of all owner/lienholder rights.
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Provides salvage pools with release statement procedures when insurance companies direct release of vehicles to owners or lienholders.
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Sections 320, 320a, 606, 608, 609, and 610 take effect 1 year after enactment, while section 248c takes effect 90 days after enactment.
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Bill takes effect only if House Bills 4423, 4424, and 4425 are also enacted into law.
Legislative Description
Traffic control; violations; assessment of points for certain speeding violations; modify, and make other revisions. Amends secs. 320a, 606, 608, 609 & 610 of 1949 PA 300 (MCL 257.320a et seq.).
State agencies (existing): transportation
Last Action
Assigned Pa 448'16 With Immediate Effect
12/31/2016