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Bill > HB5367
MI HB5367
Crimes: other; citations to the motor vehicle sales finance act in the Michigan penal code; revise. Amends secs. 219e & 219f of 1931 PA 328 (MCL 750.219e & 750.219f). TIE BAR WITH: HB 5354'23
summary
Introduced
11/14/2023
11/14/2023
In Committee
05/23/2024
05/23/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
102nd Legislature
Bill Summary
A bill to amend 1931 PA 328, entitled"The Michigan penal code,"by amending sections 219e and 219f (MCL 750.219e and 750.219f), section 219e as added by 1999 PA 164 and section 219f as added by 1999 PA 166.
AI Summary
This bill amends the Michigan Penal Code to revise citations to the Motor Vehicle Sales Finance Act. The key provisions are:
1. It prohibits preparing or submitting a loan application in another person's name without authorization, and prohibits receiving or possessing such applications or instruments/devices obtained from this violation. Violations are punishable by up to 4 years in prison and a $2,500 fine.
2. It provides exceptions for financial institutions and their affiliates/employees who may unknowingly receive or possess such applications or instruments/devices.
3. It defines "financial institution" to include various regulated lenders, BIDCO Act licensees, mortgage lenders/servicers, secondary mortgage lenders, retail installment sales entities, and motor vehicle sales finance entities.
4. It ties the effectiveness of this amendatory act to the enactment of another related bill (Senate Bill No. ____ or House Bill No. 5354).
Committee Categories
Business and Industry, Justice
Sponsors (2)
Last Action
Placed On Third Reading (on 12/13/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://legislature.mi.gov/doc.aspx?2023-HB-5367 |
| Fiscal Note/Analysis - House: Summary as Reported from Committee | https://legislature.mi.gov/documents/2023-2024/billanalysis/House/pdf/2023-HLA-5354-19673AFB.pdf |
| Fiscal Note/Analysis - House: Summary as Introduced | https://legislature.mi.gov/documents/2023-2024/billanalysis/House/pdf/2023-HLA-5354-C5F0835A.pdf |
| BillText | http://www.legislature.mi.gov/documents/2023-2024/billintroduced/House/htm/2023-HIB-5367.htm |
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