The bill amends the Shopping Reform and Modernization Act by updating sections 9 and 12 to enhance consumer protections regarding pricing discrepancies at retail sales. It specifies that consumers must notify sellers of any price discrepancies within 30 days of purchase, and if the seller compensates the buyer within two days, the buyer is barred from further recovery. The bill increases the minimum compensation for price discrepancies from $1.00 to $10.00, and the maximum from $5.00 to $50.00. Additionally, it introduces a provision for the state treasurer to adjust these amounts starting January 1, 2028, based on the Detroit Consumer Price Index.

In section 12, the bill allows individuals to take legal action if the attorney general or prosecuting attorney does not act within 60 days of receiving notice of a violation. It raises the minimum recovery amount for damages from $250.00 to $500.00 for each day a violation occurs, while also allowing for reasonable attorney fees not exceeding $300.00 in individual actions. Similar to section 9, the bill mandates that the state treasurer will adjust the amount of actual damages starting January 1, 2028, based on the Detroit Consumer Price Index.

Statutes affected:
House Introduced Bill: 445.319, 445.322