Consumer protection: identity theft; citations to the motor vehicle sales finance act in the identity theft protection act; revise. Amends sec. 3 of 2004 PA 452 (MCL 445.63). TIE BAR WITH: SB 0739'25

SB 745 updates Michigan's Identity Theft Protection Act to explicitly include motor vehicle dealers and finance companies licensed under the Motor Vehicle Sales Finance Act as "financial institutions" under the law. This means these businesses will now be required to follow the same identity theft protections and breach notification rules as banks and credit unions when handling personal information. The bill does not change existing consumer protections but clarifies that auto finance businesses must comply with the same security standards as other financial entities. This ensures personal information from vehicle sales transactions receives consistent protection under the law.