Motor Vehicle Sales Finance Act

Current understanding

The Motor Vehicle Sales Finance Act (1950 (Ex Sess) PA 27, MCL 492.101 et seq.) regulates the financing of motor vehicle sales in Michigan, including installment sales contracts and licensing of sales finance companies. Legislation in the 103rd Legislature (SB0739, tie-barred to SB0740) proposes to amend and repeal sections 37 and 41 (MCL 492.137 & 492.141) to modify vehicle trade financing regulations. Status: introduced.

Evidence log

• 2025-12-16 — Criminal procedure: sentencing guidelines; sentencing guidelines for motor vehicle sales finance violations; modify. Amends sec. 14p, ch. XVII of 1927 PA 175 (MCL 777.14p). TIE BAR WITH: SB 0739’25: SB0741 (introduced, tie-barred to SB0739) amends sec. 14p, ch. XVII of 1927 PA 175 (MCL 777.14p) to modify sentencing guidelines for motor vehicle sales finance violations — a conforming criminal-procedure adjustment paired with substantive changes in SB0739. (novelty: 2)

Open questions

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