Michigan SB0739 amends the Motor Vehicle Sales Finance Act to modify regulations on installment sales of motor vehicles.

Michigan SB0739 amends the Motor Vehicle Sales Finance Act to modify regulations on installment sales of motor vehicles. It repeals sections 37 and 41 of the act, which previously addressed certain sales and financing practices. The bill introduces new provisions regarding the disclosure of costs, the computation of finance charges, and the handling of insurance and default charges. It also updates the requirements for license applications and renewals, including fees and examination procedures.

Michigan SB0739 amends the Motor Vehicle Sales Finance Act to modify regulations on installment sales of motor vehicles.

Michigan SB0739 amends the Motor Vehicle Sales Finance Act to modify regulations on installment sales of motor vehicles. It repeals sections 37 and 41 of the act, which previously addressed certain sales and financing practices. The bill introduces new provisions regarding the disclosure of costs, the computation of finance charges, and the handling of insurance and default charges. It also updates the requirements for license applications and renewals, including fees and examination procedures.