Act 27 of 1950 (Ex. Sess.) Motor Vehicle Sales Finance Act (492.101 - 492.141)

Act 27 of 1950 (Ex. Sess.) Motor Vehicle Sales Finance Act (492.101 - 492.141)

Section 492.101 Motor Vehicle Sales Finance Act; Short Title.
Section 492.102 Definitions.
Section 492.103 Installment Seller of Motor Vehicles; Sales Finance Company; License Required.
Section 492.104 License; Application; Form; Contents; Appointment of Statutory Agent; Service of Process; Separate Application for Each Place of Business; Renewal.
Section 492.105 Bond to Accompany First License Application; Bond Applicable to Principal Place of Business; Form; Penal Sum; Execution; Condition; Action on Bond; Filing New Bond or Renewal Certificate.
Section 492.106 License; Application; Fee; Abatement in Amount of License Fee; Expiration of License; Examination Fee; Hourly Rate and per Contract Rate; Invoice; Payment; Disposition and Use of Fees and Expenses.
Section 492.106a Receipt of Completed Application for New or Renewal License; Issuance of License Within Certain Time Period; Report.
Section 492.107 License Certificate; Issuance; Posting; License Nontransferable and Nonassignable; Change in Business Location; Notice; Amendment of License Certificate; Fee; Operating More Than 1 Place of Business.
Section 492.108 License; Application, Rejection, Grounds, Notice; Retention of Fee.
Section 492.109 License; Revocation or Suspension; Grounds; Appeal.
Section 492.110 Investigation and Examination of Records; Access to Place of Business; Required Witness Attendance; Subpoena; Forms, Rules and Regulations.
Section 492.111 Books, Accounts and Records; Maintenance.
Section 492.112 Installment Sale Contract; Contents; Signatures; Buyer's Copy; Notice; Form; Delivery Acknowledgment; Payments; Applicability.
Section 492.113 Installment Sale Contract; Contents; Collateral Security; Notice of Legal Rights; Liability.
Section 492.113a Installment Sale Transaction; Certain Payments by Seller on Behalf of Buyer.
Section 492.114 Installment Sale Contract; Condition of Signing; Acceleration Clause; Right of Repossession; Prohibited Provisions.
Section 492.114a Evidence of Obligation; Holder Subject to Claims and Defenses of Buyer; Limitation on Buyer's Recovery; Mandatory Provision in Installment Sale Contract; Sales to Which Section Applicable; Action to Collect Debt; Designation of Disinterested Third Party to Receive Payments; Amount and Distribution of Payments.
Section 492.115 Installment Sale Contract; Sale, Transfer, Assignment; Notice to Buyer; Exception; Assignment Contracts.
Section 492.116 Installment Sale Contract; Insurance of Vehicle, Limitation, Coercion Prohibited; Premium Cost, Buyer's Certificate, Terms of Contract, Cancellation.
Section 492.116a Unexpired Insurance Premiums; Crediting.
Section 492.117 Installment Sale Contract; Costs; Fees.
Section 492.118 Finance Charge on Installment Sale Contract; Maximum Rate; Computation.
Section 492.119 Installment Sale Contract; Extension; Refinance Charges; Maximum Rate; Cash Loans.
Section 492.120 Installment Sale Contract; Default Charge; Maximum Rate; Computation; Collection.
Section 492.121 Installment Sale Contract; Prepayment of Unpaid Time Balance; Rebate of Unearned Finance Charge.
Section 492.122 Installment Sale Contract; Payments.
Section 492.122a Truth in Lending Act; Effect of Compliance.
Section 492.123-492.127 Repealed. 1962, Act 174, Eff. Jan. 1, 1964.
Section 492.128 Installment Sale Contract; Buyer Furnished Statement of Account, Contents; Fee for Additional Statement.
Section 492.129 Installment Sale Contract; Receipt, Contents; Payment by Mail.
Section 492.130 Installment Sale Contract; Payment in Full, Release, Discharge, Instruments Delivered to Buyer.
Section 492.131 Installment Sale Contract; Limitation on Charges; Charges Prohibited; Equity Transfer.
Section 492.132 Installment Sale Contract; Waiver.
Section 492.133 Installment Sale Contract; Prior Contracts.
Section 492.134 Installment Sale Contract; Expiration, Surrender or Revocation of License.
Section 492.135 Installment Sale Contract; Sales Outside State.
Section 492.136 Businesses Not Affected or Impaired by Acts.
Section 492.137 Violation of Act; Penalty.
Section 492.138 Repealed. 1988, Act 242, Eff. Aug. 1, 1988.
Section 492.139, 492.140 Repealed. 1964, Act 256, Eff. Aug. 28, 1964.
Section 492.141 Optional Method of Computing Finance Charge.

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