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MI HB5360
Bill
Status
11/14/2023
Primary Sponsor
Christine Morse
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AI Summary
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Amends the definition of insurance agent licensing to reference the Insurance Code of 1956 instead of the Commissioner of Insurance
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Amends the definition of real estate broker/salesperson licensing to reference Article 25 of the Occupational Code instead of the Department of Consumer and Industry Services
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Revises "business day" definition to clarify that it includes Monday through Friday and excludes specific federal holidays listed by name (New Year's Day, Martin Luther King Jr. Day, Washington's Birthday, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving Day, and Christmas Day)
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Updates citation to the Motor Vehicle Sales Finance Act from MCL 492.101 to 492.141 to MCL 492.101 to 492.137a
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Makes minor grammatical changes including replacing "person" with "individual" in certain definitions and clarifying language throughout the statute
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Enactment is contingent upon passage of either Senate Bill No. (number not specified) or House Bill No. 5354
Legislative Description
Consumer protection: solicitations; citations to the motor vehicle sales finance act in 1971 PA 227; revise. Amends sec. 1 of 1971 PA 227 (MCL 445.111). TIE BAR WITH: HB 5354'23
Trade: vehicles
Last Action
Placed On Third Reading
12/13/2024