HB 5475 Summary

• Establishes the "Uniform Athlete Agents Act" to regulate athlete agents and their contracts with student-athletes in Michigan through registration with the Department of Licensing and Regulatory Affairs.

• Requires athlete agents to register with the department before signing agency contracts, with registration fees of $400 for initial applications and $250 for renewals; permits unregistered agents to act only if a student-athlete initiates contact and the agent applies within 7 days.

• Mandates agency contracts include specific disclosures (fees, services, duration, expenses) and a conspicuous warning that student-athletes may lose athletic eligibility; allows student-athletes to cancel contracts within 14 days without penalty.

• Prohibits athlete agents from providing false information, furnishing things of value before contract signing, initiating contact without registration, predating contracts, or failing to notify athletic directors within 72 hours of contract execution.

• Imposes criminal penalties (up to $1,000 fine) for violations and allows educational institutions to sue for damages from violations; repeals MCL 750.411e and takes effect 90 days after enactment.