Mich. Comp. Laws § 257.1241
Short title.
This act shall be known and may be cited as the "vehicle protection product act".
Michigan Compiled Laws — VEHICLE PROTECTION PRODUCT ACT (Act 263 of 2005)
Michigan · statute · 263 of 2005, Mich. Comp. Laws · 12 active provisions
Mich. Comp. Laws § 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 for the administration of vehicle protection product warranties in this state. (b) "Department" means the department of labor and economic growth. (c) "Incidental costs" means expen…
Mich. Comp. Laws § 257.1245
Sale of warranted product; compliance required; exception.
(1) A person shall not sell or offer for sale a warranted product in this state unless the seller, warrantor, and any administrator comply with the provisions of this act. (2) A vehicle protection product warrantor, a seller of a warranted product, or an administrator that complies with this act is not required to comp…
Mich. Comp. Laws § 257.1247
Notice; form; filing; contents; availability to public; fee; failure to file notice; exception.
(1) A person may not act as a warrantor or represent to the public that the person is a warrantor unless the person files a notice with the department, on a form prescribed by the department, that contains all of the following information: (a) The warrantor’s name, any assumed or fictitious names under which the warran…
Mich. Comp. Laws § 257.1249
Warranty reimbursement insurance policy; other financial security requirements or financial standards not required; additional requirements.
(1) Every warranted product sold or offered for sale in this state shall have a warranty reimbursement insurance policy guaranteeing the warrantor's obligations under the warranty to the warranty holder. The department shall not require any other financial security requirements or financial standards from a warrantor.…
Mich. Comp. Laws § 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 meets all of the following requirements: (a) Is written in clear, understandable language and is printed or typed in easy-to-read type, size, and style. (b) Conspicuously states that the…
Mich. Comp. Laws § 257.1253
Cancellation of sale and warranty; terms and conditions; notice.
(1) A person shall not sell or offer for sale in this state a warranted product unless the vehicle protection product warranty clearly states any terms and conditions governing the cancellation of the sale and warranty. (2) A warrantor may only cancel a warranty if the warranty holder does any of the following: (a) Fai…
Mich. Comp. Laws § 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 words "insurance", "casualty", "surety", or "mutual" or any other words descriptive of the insurance, casualty, or surety business or use any name or words in its name that…
Mich. Comp. Laws § 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 warrantor’s accounts, books, and records shall include all of the following: (a) Copies of all vehicle protection product warranties. (b) The nam…
Mich. Comp. Laws § 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 this act. The rules may include disclosure requirements for the benefit of warranty holders, record-keeping requirements, and procedures for public complaints.
Mich. Comp. Laws § 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 on or after the effective date of this act. (b) The failure of any person to comply with this act before its effective date is not admissible in any court proceeding, administr…
Mich. Comp. Laws § 257.1263
Enforcement; powers of attorney general.
The attorney general has all of the following enforcement powers with respect to a person that violates this act: (a) To bring an action for a temporary or permanent injunction in the manner provided in section 5 of the Michigan consumer protection act, 1976 PA 331, MCL 445.905. (b) To accept an assurance of discontinu…