{"data":{"id":"us-mi/mich.-comp.-laws-492.103","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 492.103","heading":"Installment seller of motor vehicles; sales finance company; license required.","body":"Sec. 3.\n\nExcept for a person licensed under the consumer financial services act, a person shall not engage in this state as a principal, employee, agent, or broker in either of the following unless that person is licensed as provided in this act:\n\nThe business of an installment seller of motor vehicles under installment sale contracts.\n\nThe business of a sales finance company.","path":["MI Code","Chapter 492","Act Act-27-of-1950-Ex-Sess-"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-492-103","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"261f7343cc70df410e15b17a11232778b5e1911bdbd4230742831023bb9bfc93","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-492.102","next":"us-mi/mich.-comp.-laws-492.104"},"notice":"GroundRules: Original legal text. Not legal advice."}