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MI HB5904
Bill
Status
7/31/2024
Primary Sponsor
Veronica Paiz
Click for details
AI Summary
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Prohibits lessors from including provisions in lease contracts that prohibit early termination or require automatic termination due to the lessee's death
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Allows the estate of a deceased lessee to either continue the lease under original terms or terminate the lease contract
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If the estate continues the lease, it must maintain vehicle possession and continue making all payments under the contract terms
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If the estate terminates the lease, it must return the vehicle to the lessor and is relieved of any remaining payment obligations
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Applies only to motor vehicle lease contracts that take effect, are extended, renewed, or modified after the bill's effective date
Legislative Description
Consumer protection: vehicle leases; requirements for a vehicle lease on the death of the individual leasing the vehicle; provide for. Amends title of 1990 PA 168 (MCL 445.991 - 445.995) & adds sec. 2a.
Vehicles: other
Last Action
Referred To Committee On Regulatory Reform
12/10/2024