Crimes: other; citations to the motor vehicle sales finance act in the Michigan penal code; revise. Amends secs. 219e & 219f of 1931 PA 328 (MCL 750.219e & 750.219f).

This bill updates the Michigan Penal Code to clarify how laws against loan fraud apply to the Motor Vehicle Sales Finance Act. It makes it a felony for individuals to prepare loan applications in someone else's name without permission or to knowingly handle such fraudulent applications and related financial tools. The law explicitly exempts licensed financial institutions and their employees from criminal liability when they process these applications for regulatory or credit reporting purposes without prior knowledge of the fraud.