Michigan Laws 445.1014 – Termination of motor vehicle lease; effectiveness
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Terms Used In Michigan Laws 445.1014
- Active duty: means active duty pursuant to an executive order of the president of the United States, an act of congress, or an order of the governor. See Michigan Laws 445.1012
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lessor: means that term as defined in section 1 of 1990 PA 169, MCL 445. See Michigan Laws 445.1012
- Motor vehicle: means that term as defined in section 1 of 1990 PA 169, MCL 445. See Michigan Laws 445.1012
- Motor vehicle lease: means a lease contract as that term is defined in section 1 of 1990 PA 169, MCL 445. See Michigan Laws 445.1012
- Service member: means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard. See Michigan Laws 445.1012
A termination of the motor vehicle lease under section 3 is effective on the date all of the following are met:
(a) The service member who is deployed on active duty, or the service member’s spouse, provides the lessor by certified mail, return receipt requested, a written notice of the service member’s intention to terminate the lease, a copy of the military or gubernatorial orders calling the service member to active duty, and a copy of any orders further extending the service member’s period of active duty.
(b) The motor vehicle subject to the motor vehicle lease is returned to the custody or control of the lessor within 15 days after the delivery of the written notice under subdivision (a).