Bill Text: MI HB6181 | 2023-2024 | 102nd Legislature | Introduced
Bill Title: Vehicles: title; requirements for transfer of title by a dealer; provide for. Amends sec. 806 of 1949 PA 300 (MCL 257.806). TIE BAR WITH: HB 5354'23
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-12-03 - Bill Electronically Reproduced 12/03/2024 [HB6181 Detail]
Download: Michigan-2023-HB6181-Introduced.html
HOUSE BILL NO. 6181
A bill to amend 1949 PA 300, entitled
"Michigan vehicle code,"
by amending section 806 (MCL 257.806), as amended by 2023 PA 129.
the people of the state of michigan enact:
Sec. 806. (1) Until October 1, 2027, an applicant for a certificate of title required by this act or an applicant for a duplicate of a certificate of title shall accompany the application with a fee of $10.00. An applicant that requests that the application be given special expeditious treatment shall accompany the application with an additional fee of $5.00. The secretary of state shall collect a $3.00 service fee, in addition to the other fees collected under this subsection, for each title issued and shall deposit the fee in the transportation administration collection fund created under section 810b through October 1, 2027. Until October 1, 2027, the $5.00 expeditious treatment fee must be deposited into the transportation administration collection fund created under section 810b.
(2) An applicant for a special identifying number under section 230 shall accompany the application with a fee of $10.00.
(3) In addition to paying the fees required by subsection (1), until December 31, 2027, each person that applies for a certificate of title, a salvage vehicle certificate of title, or a scrap certificate of title under this act shall pay a tire disposal surcharge of $1.50 for each certificate of title or duplicate of a certificate of title that person receives. The secretary of state shall deposit money received under this subsection into the scrap tire regulatory fund created in section 16908 of the natural resources and environmental protection act, 1994 PA 451, MCL 324.16908.
(4) Beginning January 1, 2026 and subject to modification under this subsection, for each transfer of title by a dealer under this act, the dealer shall submit a $5.00 fee to the secretary of state. The secretary of state shall deposit the fee into the motor vehicle sales finance act fund created under subsection (5). No later than July 1, 2028 and July 1 every 2 years thereafter, the director of the department of insurance and financial services shall adjust the fee under this subsection, rounded to the nearest whole dollar amount not to exceed $5.00, to the amount necessary to pay, but not exceed, the department's reasonably anticipated costs for administering the motor vehicle sales finance act, 1950 (Ex Sess) PA 27, MCL 492.101 to 492.141. The director of the department of insurance and financial services shall notify the secretary of state of the adjusted fee. The adjusted fee takes effect January 1 following the adjustment. The director of the department of insurance and financial services shall communicate the adjusted fee to the dealers by bulletin at the time the department sets the documentary preparation fee under section 113 of the motor vehicle sales finance act, 1950 (Ex Sess) PA 27, MCL 492.113.
(5) The motor vehicle sales finance act fund is created in the state treasury.
(6) The state treasurer shall deposit money and other assets received from the fees collected under subsection (4) and the motor vehicle sales finance act, 1950 (Ex Sess) PA 27, MCL 492.101 to 492.141, or from any other source in the fund. The state treasurer shall direct the investment of money in the fund and credit interest and earnings from the investments to the fund. Money in the fund at the close of the fiscal year remains in the fund and does not lapse to the general fund.
(7) The department of insurance and financial services is the administrator of the fund for audits of the fund.
(8) The department of insurance and financial services shall expend money from the fund on appropriation for the administration of the motor vehicle sales finance act, 1950 (Ex Sess) PA 27, MCL 492.101 to 492.141.
Enacting section 1. This amendatory act does not take effect unless House Bill No. 5354 of the 102nd Legislature is enacted into law.
