445.991 Definitions. Sec. 1. As used in this act: (a) “Lease contract” means a contract for the lease of a motor vehicle by a natural person for a term exceeding 30 days. (b) “Lessee” means a natural person who leases a motor vehicle under a lease contract. (c) “Lessor” means a natural person, partnership, corporation, […]
445.992 Lease contract for motor vehicle; statement required; signature or initials of lessee. Sec. 2. (1) A lease contract for a motor vehicle shall have a statement in a separate paragraph in the lease contract or on a separate sheet of paper attached to the lease contract advising the lessee that the early termination payoff […]
445.993 Failure of lessor to provide notice or obtain lessee’s signature or initials; civil action; damages; attorney’s fees; limitation. Sec. 3. (1) If a lessor fails to provide the notice required by this act or fails to obtain the lessee’s signature or initials in the space provided and the lessor has invoked the terms of […]
445.994 Refusal to sign lease contract. Sec. 4. If a lessee does not agree to sign a lease contract in the space provided adjacent to the notice required by this act, the lessor may refuse to lease a motor vehicle to the lessee. History: 1990, Act 169, Eff. Jan. 1, 1991
445.995 Effective date. Sec. 5. This act shall take effect January 1, 1991. History: 1990, Act 169, Eff. Jan. 1, 1991
