2015 Michigan Compiled Laws
Chapter 492 - Installment Sales of Motor Vehicles
Act 229 of 2009 GUARANTEED ASSET PROTECTION WAIVER ACT (492.21 - 492.33)
Section 492.33 Applicability; exceptions.
492.33 Applicability; exceptions.
Sec. 13.
(1) This act does not apply to any of the following:
(a) An insurance policy offered by an insurer under the insurance code of 1956, 1956 PA 218, MCL 500.100 to 500.8302.
(b) An offer of a debt cancellation or debt suspension contract that complies with 12 CFR part 37, 12 CFR part 721, or other federal law.
(2) Section 5(1)(d) does not apply to a guaranteed asset protection waiver offered in connection with a lease or retail installment sale associated with a commercial transaction.
History: 2009, Act 229, Eff. July 7, 2010
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
