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2012 House Bill 5668: Revise used car dealer title details

Public Act 498 of 2012

  1. Introduced by Rep. Bradford Jacobsen (R) on May 23, 2012, to establish procedures for a lender retaining title to vehicles covered under an inventory loan to a used car dealer, and for transferring the title directly to a buyer when the dealer sells the vehicle. The bill authorizes a new $100 fee on used car dealers for late transfer of lender-held titles.
    • Referred to the House Commerce Committee on May 23, 2012.
      • Reported in the House on June 5, 2012, with the recommendation that the substitute (H-3) be adopted and that the bill then pass.
    • Substitute offered in the House on June 14, 2012. The substitute passed by voice vote in the House on June 14, 2012.
  2. Passed 110 to 0 in the House on July 18, 2012.
    Who Voted "Yes" and Who Voted "No"

  3. Received in the Senate on August 15, 2012.
    • Referred to the Senate Transportation Committee on August 15, 2012.
      • Reported in the Senate on September 27, 2012, with the recommendation that the substitute (S-2) be adopted and that the bill then pass.
    • Substitute offered in the Senate on December 4, 2012. The substitute passed by voice vote in the Senate on December 4, 2012.
    • Substitute offered by Sen. Tom Casperson (R) on December 13, 2012, to adopt a substitute that also revises details of the comprehensive regulatory regime imposed on auto dealers. The substitute passed by voice vote in the Senate on December 13, 2012.
    • Amendment offered by Sen. Tom Casperson (R) on December 13, 2012, to revise a maximum truck weight detail. The amendment passed by voice vote in the Senate on December 13, 2012.
    • Amendment offered by Sen. Tom Casperson (R) on December 13, 2012, to revise a maximum truck weight detail. The amendment passed by voice vote in the Senate on December 13, 2012.
  4. Passed 21 to 17 in the Senate on December 13, 2012, to revise details of the comprehensive regulatory regime imposed on auto dealers, and use this law to authorize the regional property taxes and reserved highway lanes for buses included in the new Detroit regional mass transit authority created by Senate Bill 909. Among other things the bill would impose much more rigorous regulations that would have the effect of raising barriers to entry for vehicle wholesaler businesses; restrict cell phone use by truck drivers; impose new fees and more. It also revises regulations on inventory loans to auto dealers.
    Who Voted "Yes" and Who Voted "No"

  5. Received in the House on December 13, 2012.
  6. Passed 59 to 45 in the House on December 14, 2012, to revise details of the comprehensive regulatory regime imposed on auto dealers, and use this law to authorize the regional property taxes and reserved highway lanes for buses included in the new Detroit regional mass transit authority created by Senate Bill 909. Among other things the bill would impose much more rigorous regulations that would have the effect of raising barriers to entry for vehicle wholesaler businesses; restrict cell phone use by truck drivers; impose new fees and more. It also revises regulations on inventory loans to auto dealers.
    Who Voted "Yes" and Who Voted "No"

  7. Signed by Gov. Rick Snyder on December 28, 2012.

Comments

2012 House Bill 5668 (Revise used car dealer title details )  by admin on December 18, 2012 
Introduced in the House on May 23, 2012, to establish procedures for a lender retaining title to vehicles covered under an inventory loan to a used car dealer, and for transferring the title directly to a buyer when the dealer sells the vehicle. The bill authorizes a new $100 fee on used car dealers for late transfer of lender-held titles

The vote was 110 in favor, 0 opposed and 0 not voting

(House Roll Call 500 at House Journal 0)

Click here to view bill details.