2022 House Bill 5967

Revise vehicle loan ‘right of rescission’

Introduced in the House

March 24, 2022

Introduced by Rep. Andrew Beeler (R-83)

To make violations of a 2009 law requiring lenders offer car buyers <a href="http://www.michiganvotes.org/2006-HB-4087">right of rescission</a> on the purchase of "guaranteed asset protection waivers" that an owners’ debt if the vehicle is wrecked or stolen also a violation of the state Consumer Protection Act.

Referred to the Committee on Regulatory Reform

May 10, 2022

Reported without amendment

Without amendment and with the recommendation that the bill pass.