The bill amends the Michigan Code of Criminal Procedure by updating section 14p of chapter XVII, which pertains to specific felonies related to property and financial crimes. It introduces new legal language that categorizes various offenses, including the issuance of fraudulent bills of lading and violations of the Money Transmission Services Act, each carrying a maximum penalty of five years. Additionally, the bill replaces a previous provision regarding installment sales of motor vehicles with a new section that addresses acting without the necessary licenses for such sales.

Furthermore, the bill includes a stipulation that it will only take effect if Senate Bill No. 739 of the 103rd Legislature is also enacted into law. This conditional enactment underscores the interconnectedness of legislative measures and the importance of comprehensive legal frameworks in addressing criminal activities in Michigan.

Statutes affected:
Senate Introduced Bill: 777.14