Consumer protection: solicitations; citations to the motor vehicle sales finance act in 1971 PA 227; revise. Amends sec. 1 of 1971 PA 227 (MCL 445.111). TIE BAR WITH: SB 0739'25

SB 746 amends Michigan's 1971 Motor Vehicle Sales Finance Act to clarify which consumer transactions are covered under home solicitation sale protections. The bill specifically excludes certain financial products from regulation, including loans or deposits from federally insured banks, mortgage services, and securities sales. This change directly affects sellers of goods/services who previously might have been subject to these rules, particularly in home solicitation contexts. The revision aims to streamline regulations by narrowing the scope of the law to focus on non-financial home sales.