Commercial code: other; citations to the motor vehicle sales finance act; revise. Amends sec. 9201 of 1962 PA 174 (MCL 440.9201). TIE BAR WITH: HB 5354'23

HB 5358 amends the Michigan Uniform Commercial Code to update the list of specific state laws that take precedence over general commercial rules when dealing with consumer transactions. The bill ensures that existing statutes, such as the Motor Vehicle Sales Finance Act and the Retail Installment Sales Act, continue to override the Uniform Commercial Code in cases of conflict. It clarifies that any agreement violating these specific consumer protection laws remains invalid and does not extend those laws to transactions they were not originally intended to cover. This change is purely technical and does not alter the underlying protections or requirements already established by Michigan's consumer finance regulations.