There is a newer version of the Michigan Compiled Laws
2015 Michigan Compiled Laws
Chapter 492 - Installment Sales of Motor Vehicles
Act 229 of 2009 GUARANTEED ASSET PROTECTION WAIVER ACT (492.21 - 492.33)
AN ACT to regulate guaranteed asset protection waivers offered or provided in connection with finance agreements for certain motor vehicles; to provide for the powers and duties of certain state governmental officers and entities; and to provide remedies.
History: 2009, Act 229, Eff. July 7, 2010
- Section 492.21 Short title.
- Section 492.23 Definitions.
- Section 492.25 Offering, selling, or providing guaranteed asset protection waiver; requirements; contractual liability or other insurance policy.
- Section 492.27 Disclosure; contents.
- Section 492.29 Cancellation.
- Section 492.31 Commissioner; enforcement of act; notice and hearing; actions.
- Section 492.33 Applicability; exceptions.
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