The bill amends the Michigan Vehicle Code by adding a new section, 818a, which establishes regulations regarding late fees for unpaid tolls on privately owned toll bridges. Specifically, it prohibits owners or operators of these bridges from charging a late fee or penalty that exceeds five times the original unpaid toll amount. This provision aims to protect consumers from excessive charges related to toll payments.
Additionally, the bill clarifies that the late fee limitation does not apply to international bridge crossings or publicly owned bridges. The definition of "toll" is also provided, specifying that it refers to the fee for operating a vehicle on a toll bridge. Overall, the bill seeks to create fairer financial practices for toll bridge users while maintaining the existing regulatory framework of the Michigan Vehicle Code.
Statutes affected: House Introduced Bill: 257.1, 257.923