Summary of SB1022 - Michigan Consumer Protection Act Amendments

• Adds definitions for "elder" (80+ years old), "small business" (fewer than 250 employees or less than $6,000,000 in gross annual sales), and "vulnerable adult" to expand consumer protection coverage.

• Creates enhanced penalties of up to $50,000 per violation for deceptive practices targeting elders or vulnerable adults, compared to $25,000 for general violations.

• Establishes investigative authority allowing the attorney general and prosecuting attorneys to issue written demands for testimony, interrogatory answers, and documentary production before filing enforcement actions, with court-ordered compliance provisions.

• Expands "trade or commerce" definition to explicitly include small business purposes and education/income enhancement services, broadening the act's applicability.

• Creates the Consumer Protection and Antitrust Revolving Enforcement and Education Fund to deposit attorney fees, costs, and proceeds from settlements for use in enforcement activities and consumer education, with tiered deposit percentages based on settlement amounts.