Consumer protection: unfair trade practices; disclosure of automatic renewal provisions in consumer contracts; require. Amends 1976 PA 331 (MCL 445.901 - 445.922) by adding sec. 3j. TIE BAR WITH: SB 0536'25

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 automatic renewal terms in all consumer contracts. - Provide a clear explanation of how and when the renewal will occur. - Allow consumers to easily cancel the automatic renewal. 3. **DEADLINES:** - The bill is currently introduced and will become effective once passed, but specific compliance deadlines will be outlined in the final legislation. 4. **PENALTIES:** - Businesses that fail to comply may face fines and enforcement actions from the state, though specific amounts will be detailed in the final legislation. 5. **SMB IMPACT:** Small businesses will need to update their contracts and practices to ensure compliance with the new disclosure requirements, which may involve additional administrative work but can enhance consumer trust.