HB5460 — Consumer protection: retail installment sales; payments under motor vehicle installment sale contracts; modify. Amends secs. 2, 12, 13, 22 & 31 of 1950 (Ex Sess) PA 27 (MCL 492.102 et seq.).

HB5460 — Consumer protection: retail installment sales; payments under motor vehicle installment sale contracts; modify. Amends secs. 2, 12, 13, 22 & 31 of 1950 (Ex Sess) PA 27 (MCL 492.102 et seq.). · Informed CitizenryThis bill amends the Motor Vehicle Sales Finance Act to update definitions and requirements for retail installment sale contracts. Key changes include updating the definition of 'Administrator' to…Open in Informed Citizenry