Loading chat...

MI HB5358

Bill

Official Source

Status

Introduced

11/14/2023

Primary Sponsor

Jason Morgan

Click for details

Origin

House of Representatives

102nd Legislature

AI Summary

  • Amends MCL 440.9201 of the Uniform Commercial Code to update statutory citations for various consumer protection and specialized lien laws that apply to security agreements.

  • Updates citation ranges for the Regulatory Loan Act (1939 PA 21) from MCL 493.1-493.26 to MCL 493.1-493.24.

  • Updates citation ranges for the Motor Vehicle Sales Finance Act (1950 PA 27) from MCL 492.101-492.141 to MCL 492.101-492.137a.

  • Updates citation ranges for multiple other acts including the Mobile Home Commission Act, Grain Dealers Act, Garage Keeper's Lien Act, and adds citation for the Special Tools Lien Act (2002 PA 481, MCL 570.541-570.571).

  • Takes effect only if Senate Bill No. ____ or House Bill No. 5354 is enacted into law.

Legislative Description

Commercial code: other; citations to the motor vehicle sales finance act; revise. Amends sec. 9201 of 1962 PA 174 (MCL 440.9201). TIE BAR WITH: HB 5354'23

Trade: vehicles

Last Action

Placed On Third Reading

12/13/2024

Committee Referrals

Insurance And Financial Services1/10/2024
Judiciary11/14/2023

Full Bill Text

No bill text available