Michigan StatutesChapter 492 - INSTALLMENT SALES OF MOTOR VEHICLES
- Act 27 of 1950 (Ex. Sess.) - MOTOR VEHICLE SALES FINANCE ACT (492.101 - 492.141)
- Section 492.101 - Motor vehicle sales finance act; short title.
- Section 492.102 - Definitions.
- Section 492.103 - Installment seller of motor vehicles; sales finance company; license required.
- Section 492.104 - License; application; form; contents; appointment of statutory agent; service of process; separate application for each place of business; renewal.
- Section 492.105 - Bond to accompany first license application; bond applicable to principal place of business; form; penal sum; execution; condition; action on bond; filing new bond or renewal certifi
- Section 492.106 - License; application; fee; abatement in amount of license fee; expiration of license; examination fee; hourly rate and per contract rate; invoice; payment; disposition and use of fee
- Section 492.106a - Receipt of completed application for new or renewal license; issuance of license within certain time period; report.
- Section 492.107 - License certificate; issuance; posting; license nontransferable and nonassignable; change in business location; notice; amendment of license certificate; fee; operating more than 1 p
- Section 492.108 - License; application, rejection, grounds, notice; retention of fee.
- Section 492.109 - License; revocation or suspension; grounds; appeal.
- Section 492.110 - Investigation and examination of records; access to place of business; required witness attendance; subpoena; forms, rules and regulations.
- Section 492.111 - Books, accounts and records; maintenance.
- Section 492.112 - Installment sale contract; contents; signatures; buyer's copy; notice; form; delivery acknowledgment; payments; applicability.
- Section 492.113 - Installment sale contract; contents; collateral security; notice of legal rights; liability.
- Section 492.113a - Installment sale transaction; certain payments by seller on behalf of buyer.
- Section 492.114 - Installment sale contract; condition of signing; acceleration clause; right of repossession; prohibited provisions.
- Section 492.114a - Evidence of obligation; holder subject to claims and defenses of buyer; limitation on buyer's recovery; mandatory provision in installment sale contract; sales to which section
- Section 492.115 - Installment sale contract; sale, transfer, assignment; notice to buyer; exception; assignment contracts.
- Section 492.116 - Installment sale contract; insurance of vehicle, limitation, coercion prohibited; premium cost, buyer's certificate, terms of contract, cancellation.
- Section 492.116a - Unexpired insurance premiums; crediting.
- Section 492.117 - Installment sale contract; costs; fees.
- Section 492.118 - Finance charge on installment sale contract; maximum rate; computation.
- Section 492.119 - Installment sale contract; extension; refinance charges; maximum rate; cash loans.
- Section 492.120 - Installment sale contract; default charge; maximum rate; computation; collection.
- Section 492.121 - Installment sale contract; prepayment of unpaid time balance; rebate of unearned finance charge.
- Section 492.122 - Installment sale contract; payments.
- Section 492.122a - Truth in lending act; effect of compliance.
- Section 492.123-492.127 - Repealed. 1962, Act 174, Eff. Jan. 1, 1964.
- Section 492.128 - Installment sale contract; buyer furnished statement of account, contents; fee for additional statement.
- Section 492.129 - Installment sale contract; receipt, contents; payment by mail.
- Section 492.130 - Installment sale contract; payment in full, release, discharge, instruments delivered to buyer.
- Section 492.131 - Installment sale contract; limitation on charges; charges prohibited; equity transfer.
- Section 492.132 - Installment sale contract; waiver.
- Section 492.133 - Installment sale contract; prior contracts.
- Section 492.134 - Installment sale contract; expiration, surrender or revocation of license.
- Section 492.135 - Installment sale contract; sales outside state.
- Section 492.136 - Businesses not affected or impaired by act.
- Section 492.137 - Violation of act; penalty.
- Section 492.138 - Repealed. 1988, Act 242, Eff. Aug. 1, 1988.
- Section 492.139, 492.140 - Repealed. 1964, Act 256, Eff. Aug. 28, 1964.
- Section 492.141 - Optional method of computing finance charge.
- Act 217 of 1969 - INSURANCE ON FINANCED MOTOR VEHICLES (492.151 - 492.151)
- Act 229 of 2009 - GUARANTEED ASSET PROTECTION WAIVER ACT (492.21 - 492.33)
- Act 307 of 1925 - <font color=red>Repealed-</font>FINANCE COMPANIES (492.1 - 492.17)