MI | The Michigan Department of Insurance and Financial Services has issued Bulletin 2024-24-CF.

This bulletin informs licensees and other interested parties of the 2024 PA 94 (the “Act”) basic requirements pertaining to installment sale contracts with unequal repayment plans and announces the Department’s temporary accommodation to prevent undue hardship from a provision in the Act that mandates a specific consumer notice in every installment sale contract for a new motor vehicle. Continue reading