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

This bill modifies the Michigan Motor Vehicle Sales Finance Act to update regulations governing how vehicle loans are structured and sold. It directly affects lenders, dealers, and consumers by changing specific sections that outline loan terms, disclosure requirements, and financial protections. The legislation amends numerous existing sections and adds new provisions to align the law with current financial practices and consumer needs. By updating these rules, the bill aims to clarify how vehicle financing transactions are handled while maintaining oversight over the lending process.