Trade: vehicles; motor vehicle sales finance act; modify. Amends (See bill) & repeals secs. 37 & 41 of 1950 (Ex Sess) PA 27 (MCL 492.137 & 492.141). TIE BAR WITH: SB 0740’25
Key claim: Michigan SB0739 amends and repeals sections of the Motor Vehicle Sales Finance Act (1950 PA 27), tied to SB0740, to modify vehicle trade financing regulations.
Abstract
(SB0739 · 103rd Legislature) Trade: vehicles; motor vehicle sales finance act; modify. Amends (See bill) & repeals secs. 37 & 41 of 1950 (Ex Sess) PA 27 (MCL 492.137 & 492.141). TIE BAR WITH: SB 0740’25 Latest action (2026-06-10): Placed On Order Of Third Reading
Why this matters
The Motor Vehicle Sales Finance Act governs how Michigan consumers finance vehicle purchases through dealers and sales finance companies — a major category of household credit. Amendments to sections 37 and 41 could change disclosure, contract, or enforcement requirements affecting buyers, dealers, and lenders, though the substantive effect depends on the bill text once it becomes available. The tie-bar to SB0740 signals a coordinated package rather than a standalone tweak.