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Michigan Compiled Laws Complete Through PA 19 of 2024
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Act 229 of 2009
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GUARANTEED ASSET PROTECTION WAIVER ACT

Act 229 of 2009

AN ACT to regulate guaranteed asset protection waivers offered or provided in connection with finance agreements for certain motor vehicles; to provide for the powers and duties of certain state governmental officers and entities; and to provide remedies.


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




The People of the State of Michigan enact:

DocumentTypeDescription
Section 492.21SectionShort title.
Section 492.23SectionDefinitions.
Section 492.25SectionOffering, selling, or providing guaranteed asset protection waiver; requirements; contractual liability or other insurance policy.
Section 492.27SectionDisclosure; contents.
Section 492.29SectionCancellation.
Section 492.31SectionCommissioner; enforcement of act; notice and hearing; actions.
Section 492.33SectionApplicability; exceptions.
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