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Michigan Legislature
Michigan Compiled Laws Complete Through PA 341 of 2018
House: Adjourned until Wednesday, November 7, 2018 1:30:00 PM

Michigan Legislature

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Section 492.33

GUARANTEED ASSET PROTECTION WAIVER ACT (EXCERPT)
Act 229 of 2009


492.33 Applicability; exceptions.

Sec. 13.

(1) This act does not apply to any of the following:

(a) An insurance policy offered by an insurer under the insurance code of 1956, 1956 PA 218, MCL 500.100 to 500.8302.

(b) An offer of a debt cancellation or debt suspension contract that complies with 12 CFR part 37, 12 CFR part 721, or other federal law.

(2) Section 5(1)(d) does not apply to a guaranteed asset protection waiver offered in connection with a lease or retail installment sale associated with a commercial transaction.


History: 2009, Act 229, Eff. July 7, 2010


© 2017 Legislative Council, State of Michigan

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