HB5361 — Consumer protection: retail installment sales; citations to the motor vehicle sales finance act in the retail installment sales act; revise. Amends secs. 1a, 3, 5, 6 & 11 of 1966 PA 224 (MCL 445.851a et seq.). TIE BAR WITH: HB 5354'23

HB5361 — Consumer protection: retail installment sales; citations to the motor vehicle sales finance act in the retail installment sales act; revise. Amends secs. 1a, 3, 5, 6 & 11 of 1966 PA 224 (MCL 445.851a et seq.). TIE BAR WITH: HB 5354'23 · Informed CitizenryThis bill amends the Retail Installment Sales Act to update requirements for retail installment contracts. Key changes include: - Clarifying that compliance with the Truth in Lending Act's disclo…Open in Informed Citizenry