Bill > SB1040

This bill amends a 1971 law that regulates home solicitation sales and telephone solicitations. The key provisions are: 1. It defines important terms like "business day," "commission," "federally insured depository institution," and "fixed location." 2. It removes the regulation of telephone solicitations from the law, focusing solely on home solicitation sales. 3. It maintains the requirement for sellers to provide a written agreement and notice of cancellation rights to buyers in home solicitation sales, allowing buyers to cancel the sale within 3 business days. 4. It exempts certain types of sales from the home solicitation requirements, such as sales by utilities, insurance agents, and real estate brokers. 5. It repeals sections of the law that previously regulated telephone solicitations, including the "do-not-call list" maintained by the Michigan Public Service Commission. The bill aims to remove telephone solicitations from the scope of this law and focus its provisions on regulating home solicitation sales.