FORWARDING VEHICLE TITLE: DEALER - H.B. 5365 (S-1): COMMITTEE SUMMARY
House Bill 5365 (Substitute S-1)
Sponsor: Representative Samuel Buzz Thomas
House Committee: Commerce
Senate Committee: Transportation and Tourism
Date Completed: 5-21-02
CONTENT
The bill would amend the Michigan Vehicle Code to require a vehicle dealer to mail or deliver a certificate of title to a purchaser or transferee within five days after receiving the certificate of title from the Secretary of State.
Further, the bill would add a requirement that the Secretary of State issue a flood certificate of title to a vehicle brought into the State from another state or jurisdiction, if that vehicle had a flood title from the other state or jurisdiction. (Currently, the Secretary of State must issue a rebuilt, salvage, or scrap title to a vehicle with such a title from another state or jurisdiction.) An application for a certificate of title would have to include whether a vehicle was a flood vehicle, or if another state had previously issued the vehicle a flood certificate of title.
The bill also would require vehicle owners or lessees that are partnerships or limited liability companies to include their business address on an application for a certificate of title. Currently, this requirement applies only to firms, associations, and corporations.
MCL 257.217 & 257.234 - Legislative Analyst: Claire Layman
FISCAL IMPACT
The bill would have no fiscal impact on State or local government.
- Fiscal Analyst: Jessica RunnelsS0102\s5365sa
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.