Bill Text: MI HB5904 | 2023-2024 | 102nd Legislature | Introduced
Bill Title: Consumer protection: vehicle leases; requirements for a vehicle lease on the death of the individual leasing the vehicle; provide for. Amends title of 1990 PA 168 (MCL 445.991 - 445.995) & adds sec. 2a.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2024-12-10 - Referred To Committee On Regulatory Reform [HB5904 Detail]
Download: Michigan-2023-HB5904-Introduced.html
HOUSE BILL NO. 5904
A bill to amend 1990 PA 169, entitled
"An act to require the inclusion of certain statements in lease contracts involving motor vehicles; and to provide remedies and penalties,"
(MCL 445.991 to 445.995) by amending the title and by adding section 2a.
the people of the state of michigan enact:
An act to require or prohibit the inclusion of certain statements in lease contracts involving motor vehicles; to provide for procedures for lease contracts in the event of the death of a lessee; and to provide remedies. and penalties.
Sec. 2a. (1) Beginning on the effective date of the amendatory act that added this section, a lessor shall not, as a provision of a lease contract, prohibit early termination of a lease contract due to the death of the lessee or require automatic termination of a lease contract due to the death of the lessee.
(2) Beginning on the effective date of the amendatory act that added this section, if a lessee dies before the term of the lease contract expires, the estate of the deceased lessee shall do either of the following:
(a) Continue to lease the motor vehicle under the terms of the lease contract until the lease contract expires.
(b) Terminate the lease contract of the motor vehicle with the lessor.
(3) If the estate continues the lease contract under subsection (2)(a), the estate shall maintain possession of the motor vehicle and continue to make payments to the lessor under the terms of the lease contract.
(4) If the estate terminates the lease contract under subsection (2)(b), the estate must return possession of the motor vehicle to the lessor. The estate is not responsible for any remaining payments due on the motor vehicle under the lease contract once the motor vehicle has been returned to the lessor.
(5) This section applies only to a motor vehicle lease contract that takes effect or is extended, renewed, or modified after the effective date of the amendatory act that added this section.
