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Michigan Legislature
Michigan Compiled Laws Complete Through PA 115 of 2018
House: Adjourned until Tuesday, May 22, 2018 1:30:00 PM
Senate: Adjourned until Tuesday, May 22, 2018 10:00:00 AM

Michigan Legislature

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Section 492.103

Jump to the first occurrence of "MOTOR VEHICLE SALES FINANCE ACT"

Act 27 of 1950 (Ex. Sess.)

492.103 Installment seller of motor vehicles; sales finance company; license required.

Sec. 3.

Except for a person licensed under the consumer financial services act, a person shall not engage in this state as a principal, employee, agent, or broker in either of the following unless that person is licensed as provided in this act:

(a) The business of an installment seller of motor vehicles under installment sale contracts.

(b) The business of a sales finance company.

History: 1950, Ex. Sess., Act 27, Eff. Mar. 31, 1951 ;-- Am. 1988, Act 163, Eff. Sept. 1, 1988

© 2017 Legislative Council, State of Michigan

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