MI HB5729

Amends the Michigan Consumer Protection Act (1976 PA 331) to clarify the definition of "business opportunity" and add definitions related to performing and recording groups.

Defines "business opportunity" to include sales where the seller represents they will provide locations for vending machines or currency-operated devices, purchase products made by the purchaser, guarantee income exceeding the purchase price, or provide marketing programs enabling profitable operations.

Excludes business opportunities under $500 in total cost and those involving federally registered trademarks or service marks from certain marketing program requirements.

Clarifies that "trade or commerce" includes pyramid promotional schemes but excludes franchise sales as defined in the Franchise Investment Law.

Takes effect September 11, 2018, contingent upon enactment of House Bill No. 5726.