Consumer protection: unfair trade practices; disclosure of automatic renewal provisions in consumer contracts; require. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: SB 0535'25

1. **ONE-SENTENCE SUMMARY:** This bill requires businesses to clearly disclose automatic renewal terms in consumer contracts to protect consumers from unfair trade practices. 2. **KEY REQUIREMENTS:** - Clearly disclose any automatic renewal provisions in contracts with consumers. - Provide a reminder notice to consumers before the renewal occurs. - Allow consumers to easily cancel the automatic renewal. 3. **DEADLINES:** - The bill will become effective 90 days after it is signed into law. 4. **PENALTIES:** - Businesses that fail to comply may face fines and could be subject to enforcement actions by the state. 5. **SMB IMPACT:** Small businesses will need to review and possibly update their contracts to ensure compliance with the new disclosure requirements, which may involve additional administrative work but can enhance customer trust.