Michigan SB0749 revises citations to the motor vehicle sales finance act in the consumer financial services act.
Michigan SB0749 amends sections 2 and 6 of the 1988 PA 161, known as the Consumer Financial Services Act. The bill revises citations to the Motor Vehicle Sales Finance Act within the Consumer Financial Services Act. It also updates definitions and provisions related to financial licensing acts, including the Secondary Mortgage Loan Act, the Mortgage Brokers, Lenders, and Servicers Licensing Act, and the Money Transmission Services Act.
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