Consumer protection: unfair trade practices; disclosure of automatic renewal provisions in consumer contracts; require. Amends sec. 3 of 1976 PA 331 (MCL 445.903) & adds sec. 3j.

HB 5342 requires businesses to clearly disclose automatic renewal terms in consumer contracts, such as subscription services or memberships. It directly affects consumers who may unknowingly enroll in recurring billing and businesses that use automatic renewal clauses. The bill amends Michigan's Consumer Protection Act by adding a new section (3j) mandating that renewal terms, including costs and cancellation procedures, be disclosed conspicuously at the time of signing. This ensures consumers understand when and how they will be charged for ongoing services. The requirement applies to all consumer contracts with automatic renewal provisions, aiming to prevent deceptive practices around recurring billing.