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MI HB5360

Consumer protection: solicitations; citations to the motor vehicle sales finance act in 1971 PA 227; revise. Amends sec. 1 of 1971 PA 227 (MCL 445.111). TIE BAR WITH: HB 5354'23


summary

Introduced
11/14/2023
In Committee
05/23/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

102nd Legislature

Bill Summary

A bill to amend 1971 PA 227, entitled"An act to prescribe the rights and duties of parties to home solicitation sales; to regulate certain telephone solicitation; to provide for the powers and duties of certain state officers and entities; and to prescribe penalties and remedies,"by amending section 1 (MCL 445.111), as amended by 2009 PA 93.

AI Summary

This bill amends the 1971 PA 227 Act, which prescribes the rights and duties of parties to home solicitation sales, regulates certain telephone solicitation, and provides for the powers and duties of certain state officers and entities. The key changes include: 1. Revising the definition of "home solicitation sale" to exclude certain types of sales, such as those made pursuant to a preexisting revolving charge account or at a fixed business location. 2. Updating the definition of "business day" to exclude additional federal and state holidays. 3. Clarifying the definition of "goods or services" to exclude certain financial products and services that are already regulated under other laws, such as the Motor Vehicle Sales Finance Act. 4. Modifying the definition of "telephone solicitation" to exclude voice communications to existing customers or to residential telephone subscribers with the subscriber's express permission. 5. The bill's enactment is tied to the passage of another bill, Senate Bill No. ____ or House Bill No. 5354.

Committee Categories

Business and Industry, Justice

Sponsors (2)

Last Action

Placed On Third Reading (on 12/13/2024)

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