Required State License(s):
If an auto dealer finances automobile purchases, the dealer should be licensed as an Installment Seller of Motor Vehicles under the Motor Vehicle Sales Finance Act. Contact the Department of Insurance and Financial Services for licensure information at 877-999-6442 or visit www.michigan.gov/difs.
For installment sales of other products, no license is required, but certain limits apply about the rate of interest that may be charged. Contact the Department of Insurance and Financial Services at 877-999-6442 or visit www.michigan.gov/difs.
New and Used Vehicle Dealers are licensed with the Department of State, Dealer Division; 517-373-9460.
Contact the Department of Treasury, Sales, Use and Withholding Division at 517-636-4660. Personalized sales tax returns and a payment schedule will be mailed within four to six weeks after the registration has been processed. If you have questions about this process, please call the Michigan Department of Treasury at 517-636-4730.
For a copy of the Home Improvement Finance Act 332, P.A. 1965 call 877-999-6442 or visit the website at: www.michigan.gov/difs.