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MI SB0234
Bill
AI Summary
SB 234 Summary
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Amends Michigan's Consumer Protection Act to add subsection (1)(ll) requiring disclosure of any fees or bonuses received by creditor employees for negotiating or arranging credit extensions when a consumer submits a credit application.
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Designates violation of sections 3e, 3f, 3g, or 3h as an unlawful unfair trade practice under subsection (1)(mm).
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Prohibits the Attorney General from promulgating rules to implement environmental marketing claims provisions (subsections 1(dd) and 1(ee)) to ensure national uniformity in those standards.
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Clarifies that social security number disclosure restrictions do not apply to health-related or dental-related benefit administration or employer-provided benefits.
Legislative Description
Consumer protection; unfair trade practices; fees or bonuses paid to employee if consumer completes a credit application; require disclosure. Amends sec. 3 of 1976 PA 331 (MCL 445.903).
Consumer protection, unfair trade practices
Last Action
Referred To Committee On Economic Development And Regulatory Reform
2/17/2009