Mich. Comp. Laws § 492.103

Current through Public Act 171 of the 2024 Legislative Session

Section 492.103 - Installment seller of motor vehicles; sales finance company; license required

Except for a person licensed under the consumer financial services act, a person shall not engage in this state as a principal, employee, agent, or broker in either of the following unless that person is licensed as provided in this act:

(a) The business of an installment seller of motor vehicles under installment sale contracts.

(b) The business of a sales finance company.

MCL 492.103

1950, Ex. Sess., Act 27, Eff. 3/31/1951 ;--Am. 1988, Act 163, Eff. 9/1/1988 .