™Your Policy Risk Impact Agent
27 chapters · 1,036 sections in this title.
Mich. Comp. Laws § 257.1351 Definitions.
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Sec. 1. As used in this act: (a) "Agent" means an individual who, for compensation or valuable consideration, is employed either directly or indirectly by a dealer. (b) "Dealer" means any person that engages in the ordinary course of repeated and recurrent transactions of buying …
Mich. Comp. Laws § 257.1352 Record of transaction.
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Sec. 2. (1) A dealer shall maintain a permanent record of each transaction concerning the buying or receiving of any used motor vehicle part from a person, other than an end-user or scrap tire processor that is regulated under part 169 of the natural resources and environmental p…
Mich. Comp. Laws § 257.1352a Form of payment.
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Sec. 2a. In a transaction concerning the buying or receiving of any used motor vehicle tires, tire wheels or rims, or continuous tire tread, the only methods of payment a dealer may use to pay a customer are a check, a money order, a bank draft, or a direct deposit or electronic …
Mich. Comp. Laws § 257.1353 Failure to make entry in record as misdemeanor or felony; penalties.
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Sec. 3. (1) A dealer or agent who knowingly fails to make an entry of any material matter in his or her record of transactions as required by section 2 is guilty of a misdemeanor, punishable by imprisonment for not more than 1 year, or a fine of $1,000.00, or both. (2) A dealer o…