2012 House Bill 5668 / Public Act 498

Revise used car dealer title details

Introduced in the House

May 23, 2012

Introduced by Rep. Brad Jacobsen (R-46)

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 Committee on Commerce

June 5, 2012

Reported without amendment

With the recommendation that the substitute (H-3) be adopted and that the bill then pass.

June 14, 2012

Substitute offered

The substitute passed by voice vote

July 18, 2012

Passed in the House 110 to 0 (details)

Received in the Senate

Aug. 15, 2012

Referred to the Committee on Transportation

Sept. 27, 2012

Reported without amendment

With the recommendation that the substitute (S-2) be adopted and that the bill then pass.

Dec. 4, 2012

Substitute offered

The substitute passed by voice vote

Dec. 13, 2012

Substitute offered by Sen. Tom Casperson (R-38)

To adopt a substitute that also revises details of the comprehensive regulatory regime imposed on auto dealers.

The substitute passed by voice vote

Amendment offered by Sen. Tom Casperson (R-38)

To revise a maximum truck weight detail.

The amendment passed by voice vote

Amendment offered by Sen. Tom Casperson (R-38)

The amendment passed by voice vote

Passed in the Senate 21 to 17 (details)

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.

Received in the House

Dec. 13, 2012

Dec. 14, 2012

Passed in the House 59 to 45 (details)

Signed by Gov. Rick Snyder

Dec. 28, 2012