Mich. Comp. Laws » Michigan Compiled Laws / Chapter 492 / Act 27 of 1950 (Ex. Sess.)

Mich. Comp. Laws § 492.101

Motor vehicle sales finance act; short title.

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MOTOR VEHICLE SALES FINANCE ACT


Act 27 of 1950 (Ex. Sess.)


492.101 Motor vehicle sales finance act; short title.

Sec. 1.

    This act shall be known and may be cited as the "Motor vehicle sales finance act."

History: 1950, Ex. Sess., Act 27, Eff. Mar. 31, 1951

Compiler's Notes:

    For transfer of authority, powers, duties, functions, and responsibility of the financial institutions bureau and the commissioner of the financial institutions bureau to the commissioner of the office of financial and insurance services and the office of financial and insurance services by type III transfer, see E.R.O. No. 2000-2, compiled at MCL 445.2003 of the Michigan compiled laws.

Notes of Decisions
Cited in 27 cases, 1961–2019 · leading case: Twichel v. MIC General Insurance Corporation
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Twichel v. MIC General Insurance Corporation (2004) mich · cites it 2× “§ 492.101 et seq., and adopted its definition of "installment sale contract" ("a contract for the retail sale of a motor vehicle .”
Lozada v. Dale Baker Oldsmobile, Inc. (2000) miwd · cites it 4× “, and the Michigan Motor Vehicle Sales Finance Act (“MVSFA”), Mich. Comp. Laws §§ 492.101 et seq. Plaintiffs’ complaint also names as a defendant CFC-Consumer Finance Corporation (“CFC”), the assignee of a contract between Dale Baker Olds and one of the named plaintiffs.”
SeTara Tyson v. Sterling Rental (2016) ca6 “The district court’s order also granted summary judgment to Plaintiff on two additional claims that she brought under Michigan’s Motor Vehicle Sales Finance Act ("MVSFA”), Mich. Comp. Laws §492.101 et seq., and the Michigan Credit Reform Act ("MCRA”), Mich.”
Lozada v. Dale Baker Oldsmobile, Inc. (2000) miwd · cites it 2× “, the Michigan Motor Vehicle Sales Finance Act (“MVSFA”), Mich. Comp. Laws §§ 492.101 et seq., and the Michigan Vehicle Code, Mich.”
DAVIS v. LaFONTAINE MOTORS, INC (2006) michctapp “IV VALIDITY OF DISCLAIMER Plaintiffs also contend that the disclaimer is not valid because all terms governing the sale must be contained in a single document pursuant to the Motor Vehicle Sales Finance Act (MVSFA), MCL 492.101 et seq. The MVSFA provides that an installment sale…”
King v. Ford Motor Credit Co. (2003) michctapp “BASIC FACTS AND PROCEDURAL HISTORY Plaintiffs filed a class action complaint, and demand for a jury trial alleging violations of the Michigan Motor Vehicle Sales Finance Act (mvsfa), MCL 492.101 et seq., and a violation of the Michigan Consumer Protection Act (mcpa), MCL 445.”
Rockey v. Courtesy Motors, Inc. (2001) miwd “LAWS § 492.101, et seq., and the Michigan Credit Reform Act (MCRA), MICH.”
Rugumbwa v. Betten Motor Sales (2001) miwd · cites it 2× “302; violations of the Michigan Motor Vehicle Sales Finance Act, Mich. Comp. Laws § 492.101 et seq.; a count for “replevin” seeking a refund or credit to principal of finance charges received by defendant under the installment contract or a refund of the illegal “upcharges”…”
Golden v. Gorno Bros., Inc. (2003) mied · cites it 2× “Count X: Breach of Contract Count XI: Breach of Warranties Count XIV: Repudiation Count XV: Revocation of Acceptance Count XVI: Michigan Motor Vehicle Finance Act — MCLA § 492.101 et seq. Gorno Brothers field the instant motion to dismiss on June 3, 2003.”
Pack v. Damon Corp. (2004) mied “§§ 492.101 et seq., required the arbitration clause to be set forth in the retail installment contract; (3) the clause is not disclosed in the warranty, violating the “one document rule,” (4) the clause is unconscionable; (5) the clause fails to provide certain disclosures…”
Rebekah McCain v. Detroit II Auto Finance Center and Bank One, N.A. (2004) ca6 “901 )(Count IV), Motor Vehicle Sales Finance Act ( Mich. Comp. Laws § 492.101 )(Count X), Credit Reform Act ( Mich.”
Allen-Morris v. Nicholas Financial, Inc. (In re Allen-Morris) (2014) mied · cites it 2× “Mich. Comp. Laws § 492.101 et seq. Count II of the complaint seeks to void Nicholas Financial’s lien on the Jeep under 11 U.”
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