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Bill > HB1049


MD HB1049

MD HB1049
Consumer Protection - Automatic Renewals


summary

Introduced
02/07/2024
In Committee
03/18/2024
Crossed Over
03/15/2024
Passed
Dead
04/08/2024

Introduced Session

2024 Regular Session

Bill Summary

Requiring a person who makes an automatic renewal offer to consumers to allow a consumer to cancel the automatic renewal in a certain manner; requiring automatic renewal offers to be displayed in a certain manner and contain certain information; establishing that compliance with certain regulations shall be considered to be compliance with the Act; and establishing that a violation of the Act is an unfair, abusive, or deceptive trade practice.

AI Summary

This bill aims to protect consumers from automatic renewal clauses in their subscriptions or purchasing agreements. It requires businesses that offer automatic renewals to: 1) clearly disclose the terms, including the price and how the agreement will change after the initial term; 2) provide easy-to-use methods for consumers to cancel the automatic renewal; and 3) provide clear notice before the automatic renewal takes effect. The bill also establishes that violations of these requirements are considered unfair or deceptive trade practices, subject to enforcement and penalties under the state's consumer protection laws. The bill provides an exception for businesses that comply with similar renewal procedure requirements set by their state or federal regulatory agency.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (1)

Last Action

Referred Finance (on 03/18/2024)

bill text


bill summary

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