AN ACT to regulate warranties on motor vehicle protection products; to provide for the powers and duties of certain state officers and entities; and to prescribe civil sanctions.
History: 2005, Act 263, Eff. June 14, 2006
Section 257.1241 Short Title.
This act shall be known and may be cited as the "vehicle protection product act". History: 2005, Act 263, Eff. June 14, 2006
Section 257.1243 Definitions.
As used in this act: (a) "Administrator" means a third party other than the warrantor who is designated by the warrantor to be responsible...
Section 257.1251 Requirements.
(1) A person shall not sell or offer for sale in this state a warranted product unless the warranty on the vehicle protection product...
Section 257.1255 Prohibited Conduct.
(1) Unless licensed as an insurance company, a vehicle protection product warrantor shall not use in its name, contracts, or literature any of the...
Section 257.1257 Accounts, Books, And Records.
(1) A vehicle protection product warrantor shall keep accurate accounts, books, and records concerning transactions regulated under this act. (2) A vehicle protection product...
Section 257.1259 Rules; Promulgation.
The department may promulgate rules under the administrative procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328, necessary to implement and administer...
Section 257.1261 Applicability Of Act.
Each of the following applies concerning the applicability of this act: (a) This act applies to all warranted products sold or offered for sale...