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Michigan Laws Making News

What Laws Are Impacting Grand Rapids Area Residents

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Law In The News

Buying a car? FTC reveals new CARS Rule to protect consumers from illegal dealership scams

December 14, 2023
The CARS Rule prohibits dealers from using bait-and-switch claims to lure vehicle buyers to the lot, including about the cost of a car or the terms of financing, the availability of any discounts or rebates, and the actual availability of the vehicles being advertised.
It also tackles hidden junk fees – charges buried in lengthy contracts that consumers never agreed to pay. In some cases, these fees are for services or products that provide no benefit to consumers.
Read more at USA Today
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US flags early 2024 for new rule targeting real estate money laundering

December 12, 2023

The proposal, which FinCEN was previously slated to unveil this year, is expected to require real estate professionals report the identities of the beneficial owners of companies buying real estate in cash to the regulator. Anti-corruption advocates have been pushing for years for regulators to close a loophole they say allows criminals to hide money in U.S. real estate.

Read more at yahoo! Finance

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Repeal of nation’s only immunity law that shielded drugmakers from legal liability

December 11, 2023

On Thursday morning in Flint, Gov. Gretchen Whitmer signed into law a repeal of a nearly 30-year-old law that gave drug manufacturers immunity if their drugs caused harm for Michiganders.

Read more at Michigan Advance

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New laws taking effect in Michigan in 2024

December 8, 2023

Almost all the laws will go into effect 90 days after the legislature ends, which is February 13, 2024. The only exception is for the minimum wage increase, which goes into effect on January 1.

Read more at Fox2 Detroit

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