Generally revise consumer protection laws

1. **ONE-SENTENCE SUMMARY:** SB488 updates Montana's consumer protection laws to enhance transparency and accountability for businesses. 2. **KEY REQUIREMENTS:** - Clearly disclose pricing and terms of service to consumers. - Provide consumers with the right to access their personal data and request corrections. - Establish a process for handling consumer complaints and disputes. 3. **DEADLINES:** - Effective Date: The law goes into effect on January 1, 2024. - Compliance Deadline: Businesses must be fully compliant by this date. 4. **PENALTIES:** - Fines for non-compliance can reach up to $10,000 per violation. - Consumers can file complaints with the state, which may lead to investigations and further penalties. 5. **SMB IMPACT:** Small businesses will need to update their customer communication practices and data handling procedures to comply with the new requirements, which may involve additional costs and administrative efforts. However, these changes can also build consumer trust and improve customer relationships.