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: SB 0739'25
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill revises the definition of "home solicitation sale" in the 1971 Motor Vehicle Sales Finance Act (MCL 445.111). It clarifies what constitutes a home solicitation sale, excluding certain types of loans, account offerings, and specific sales activities. The revisions also update definitions related to fixed locations, business days, and telephone solicitations, and include provisions regarding automated dialing devices and do-not-call lists. This bill is tied to Senate Bill 739.
Key provisions
- Clarifies the definition of ‘home solicitation sale’ by excluding specific loan offerings and account types.
- Defines ‘fixed location’ to specify a place of business where goods or services are primarily sold.
- Lists specific business days that are excluded from the definition of ‘business day’.
- Defines ‘federally insured depository institution’ for clarity.
- Excludes certain securities sales from the definition of ‘goods or services’ in the context of home solicitation sales.
- Updates the definition of ‘written solicitation’ to include restrictions on postcard notices.
- Defines ‘automatic dialing and announcing device’ (ADAD).
- Establishes a ‘do-not-call list’ and related definitions.
Who is affected
- Consumers
- Businesses engaging in home solicitation sales
- Financial institutions
- Insurance agents
- Real estate brokers and salespeople
Bill text
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