Consumer protection: other; amendments to the Michigan consumer protection act; provide for. Amends title & secs. 2, 4, 5, 10 & 15 of 1976 PA 331 (MCL 445.902 et seq.) & adds secs. 4a, 5a, 8a & 21a.

SB 1022 amends the Michigan Consumer Protection Act to update definitions and add new rules regarding business opportunities, trade practices, and vulnerable populations. The bill clarifies what constitutes a "business opportunity" by including specific guarantees about income or location assistance, while also establishing protections for elders and vulnerable adults in commercial transactions. It introduces new sections to address issues like trademark impersonation by performing groups and sets specific criteria for what counts as a small business. By refining these legal definitions and adding new provisions, the legislation aims to strengthen consumer safeguards without changing the fundamental structure of existing consumer laws.