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2012 House Bill 5668: Revise used car dealer title details

Public Act 498 of 2012

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.   Official Text and Analysis.
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
Passed 110 to 0 in the House on July 18, 2012 (same description)
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.
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
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.
Received in the House on December 13, 2012
Passed 59 to 45 in the House on December 14, 2012 (same description)
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.
Signed by Gov. Rick Snyder on December 28, 2012

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