2023 Senate Bill 343

Consumer protection: other; guaranteed asset protection waiver act; modify and update to the motor vehicle financial protection products act.

A bill to amend 2009 PA 229, entitled “Guaranteed asset protection waiver act,” by amending the title and sections 1, 3, 5, 7, 9, and 11 (MCL 492.21, 492.23, 492.25, 492.27, 492.29, and 492.31), by adding sections 3a, 4, and 9a and parts 5 and 9, and by designating section 1 as part 1, section 3 as part 2, section 3a as part 3, sections 4, 5, 7, 9, and 9a as part 4, and section 11 as part 6; and to repeal acts and parts of acts.

Introduced in the Senate

May 23, 2023

Introduced by Sen. Kevin Hertel (D-12) and five co-sponsors

Co-sponsored by Sens. Rick Outman (R-33), Mary Cavanagh (D-6), Paul Wojno (D-10), John Damoose (R-37) and Stephanie Chang (D-3)

Referred to the Committee on Regulatory Affairs