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Installment seller of motor vehicles; sales finance company; license required.

MCL 492.103
in effect
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492.103. Installment seller of motor vehicles; sales finance company; license required. Sec. 3. 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. 1950, Ex. Sess., Act 27, Eff. Mar. 31, 1951; Am. 1988, Act 163, Eff. Sept. 1, 1988
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-492-103Fetched: 10/20/2026

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