HB 4411 Summary

• Modifies section 3 of the Credit Services Protection Act (1994 PA 160) to clarify exceptions for ongoing service contracts that do not require upfront payment.

• Permits contracts for ongoing services to extend beyond the standard 90-day performance requirement if services consist solely of credit counseling or credit repair services and involve periodic payments.

• Requires written agreements for ongoing services to explicitly state that buyers may cancel at any time without penalty or further obligation.

• Maintains all existing prohibitions on credit services organizations, including bans on upfront fees, false advertising, fraud, and misleading claims about credit repair capabilities.

• Effective April 26, 2020, with immediate effect upon enactment.