The bill amends the 1971 PA 227, which regulates home solicitation sales, by removing provisions related to telephone solicitation, as indicated by the deletion of relevant language in the title and definitions. It introduces new definitions, particularly clarifying "home solicitation sale" to mean personal or written solicitation received at the buyer's residence, and outlines exceptions to this definition. The bill also updates the requirements for written agreements in home solicitation sales, mandating that sellers provide a clear cancellation notice and adhere to specific formatting guidelines.

In addition to these changes, the bill emphasizes consumer rights by allowing buyers to cancel transactions within three business days and detailing the seller's obligations regarding the return of goods. It clarifies that sellers must comply with these requirements before a buyer can cancel a sale. The bill repeals Sections 1a to 1e of the original act, which indicates a significant shift in the legal framework governing home solicitation sales. Importantly, the bill will only take effect if Senate Bill No. 351 of the 103rd Legislature is also enacted, suggesting a coordinated legislative approach to reform.

Statutes affected:
Senate Introduced Bill: 445.111, 445.113