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SB 749

Consumer protection: other; citations to the motor vehicle sales finance act in the consumer financial services act; revise. Amends secs. 2 & 6 of 1988 PA 161 (MCL 487.2052 & 487.2056). TIE BAR WITH: SB 0739'25

2025-2026 Regular Session Introduced by Rosemary Bayer and 1 co-sponsor

Overview: SB 749, "Consumer protection: other; citations to the motor vehicle sales finance act in the consumer financial services act; revise", was referred to the Committee on Fi

PLACED ON ORDER OF THIRD READING
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Bill Summary · SB 749

Overview: SB 749, "Consumer protection: other; citations to the motor vehicle sales finance act in the consumer financial services act; revise", was referred to the Committee on Finance, Insurance, and Consumer Protection. It was introduced on February 21, 2025.

Purpose and Intent: The bill aims to revise sections 2 and 6 of the 1988 PA 161 act, which deals with the Consumer Financial Services Act. The primary goal is to update the references to the Motor Vehicle Sales Finance Act within the Consumer Financial Services Act.

Key Provisions:
- Revises citations to the Motor Vehicle Sales Finance Act in the Consumer Financial Services Act
- Ensures consistency and alignment between the two acts

Affected Parties and Impacts: This bill primarily affects the regulatory framework governing consumer financial services, particularly as it relates to motor vehicle sales and financing. It aims to maintain coherence and clarity in the applicable laws.

Procedural and Timeline Considerations: The bill has been referred to the Committee on Finance, Insurance, and Consumer Protection for further consideration. The next steps would involve the committee's review, potential amendments, and a vote on whether to advance the bill to the full legislative body.

Compiled from official sources — confirm details with the bill’s official record.

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