SENATE BILL No. 512

 

 

May 21, 2003, Introduced by Senators TOY and GARCIA and referred to the Committee on Local, Urban and State Affairs.

 

 

        

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                

                                                                                 A bill to amend 1986 PA 255, entitled                                             

                                                                                

    "Prepaid funeral contract funding act,"                                     

                                                                                

    by amending the title and sections 1, 3, 4, 5, 6, 7, 8, 9, 10,              

                                                                                

    11, 12, 13, 14, 15, 16, 18, 19, 20, 21, 22, 23, and 24                      

                                                                                

    (MCL 328.211, 328.213, 328.214, 328.215, 328.216, 328.217,                  

                                                                                

    328.218, 328.219, 328.220, 328.221, 328.222, 328.223, 328.224,              

                                                                                

    328.225, 328.226, 328.228, 328.229, 328.230, 328.231, 328.232,              

                                                                                

    328.233, and 328.234), section 19 as amended by 2002 PA 325, and            

                                                                                

    by adding sections 12a and 12b.                                             

                                                                                

                THE PEOPLE OF THE STATE OF MICHIGAN ENACT:                      

                                                                                

1                                 TITLE                                         

                                                                                

2                                                                                An act to regulate the sale and providing of  certain                              

                                                                                

3   funeral  goods or funeral  and cemetery merchandise, services,              

                                                                                

4   land or interests in land, and other related interests; to                  

                                                                                

5   regulate the use of funds received by sellers and providers of              

                                                                                


                                                                                

1   funeral goods or  certain merchandise, funeral and cemetery                

                                                                                

2   services, land or interests in land, and related other interests;           

                                                                                

3   to prescribe certain powers and duties of  the  certain                     

                                                                                

4   departments  of licensing and regulation, mental health, and                

                                                                                

5   social services  and certain other state and local officers; to             

                                                                                

6   provide for the promulgation of rules and establishment of fees;            

                                                                                

7   and to provide  certain  for penalties and remedies.                        

                                                                                

8       Sec. 1.  This act shall be known and may be cited as the                    

                                                                                

9   "prepaid funeral  contract funding  and cemetery sales act".                

                                                                                

10      Sec. 3.   (1)  As used in this act:                                         

                                                                                

11      (a) "Burial right" means a right of earth interment.                        

                                                                                

12      (b) "Casket" means any box or container consisting of 1 or                  

                                                                                

13  more parts in which a dead human body is placed  prior to  before           

                                                                                

14  interment, entombment, or cremation  which  that may or may not             

                                                                                

15  be permanently interred, entombed, or cremated with the dead                

                                                                                

16  human body.   A  Casket includes a permanent interment or                   

                                                                                

17  entombment receptacle  which is  designed or intended for use               

                                                                                

18  without a vault.  shall also be considered a casket.                        

                                                                                

19      (c)  (2)  "Catafalque" means an ornamental or decorative                    

                                                                                

20  object or structure  which is  placed beneath, over, or around a            

                                                                                

21  casket, vault, or a dead human body  prior to  before final                 

                                                                                

22  disposition of the dead human body.                                         

                                                                                

23      (d) "Cemetery" means 1, or a combination of more than 1, of                 

                                                                                

24  the following:                                                              

                                                                                

25                                                                               (i) A burial ground for earth interments.                                           

                                                                                

26      (ii) A mausoleum for crypt entombments.                                      

                                                                                

27      (iii) A crematory for the incineration of human remains.                     


                                                                                

1       (iv) A columbarium for the inurnment of cremated remains.                    

                                                                                

2       (e)  (3)  "Cemetery burial vault or other outside container"                

                                                                                

3   means a box or container  which is  used solely at the place of             

                                                                                

4   interment to permanently surround or enclose a casket and to                

                                                                                

5   support the earth above the casket after burial.  Cemetery burial           

                                                                                

6   vault or other outside container  shall  does not include a                 

                                                                                

7   catafalque, a combination unit, or any product  which is                    

                                                                                

8   designed or intended to be used with a catafalque or combination            

                                                                                

9   unit.   If a cemetery burial vault or other outside container is            

                                                                                

10  intended for use as a permanent burial receptacle for the remains           

                                                                                

11  of an adult human body, its inside dimensions shall be at least             

                                                                                

12  28 inches wide by 82 inches long by 24 inches high.                         

                                                                                

13      (f) "Cemetery services" means cremations, grave openings and                

                                                                                

14  closings, and installation of markers and monuments.                        

                                                                                

15      (g) "Columbarium" means a building or other aboveground                     

                                                                                

16  structure that is affixed to land and is a permanent repository             

                                                                                

17  for cremated human remains.                                                 

                                                                                

18      (h)  (4)  "Combination unit" means any product consisting of                

                                                                                

19  a unit or a series of units  which are  designed or intended to             

                                                                                

20  be used together as both a casket and as a permanent burial                 

                                                                                

21  receptacle.                                                                 

                                                                                

22      (i)  (5)  "Consideration" or "contract price" means money and               

                                                                                

23  other property to be paid as total compensation to a contract               

                                                                                

24  seller or provider for the funeral or cemetery services  and                

                                                                                

25  funeral goods  or merchandise, or both, to be performed or                  

                                                                                

26  furnished under a prepaid  funeral  contract,  but does not                 

                                                                                

27  include finance charges,  late payment penalties, payments                  


                                                                                

1   required to be made to a governmental agency at the time the                

                                                                                

2   contract is entered into, and income earned on the funds.                   

                                                                                

3   Further, consideration or contract price shall not include a               

                                                                                

4   commission as authorized by section 12(1).  Money paid for the              

                                                                                

5   services to be performed under a prepaid  funeral  contract may             

                                                                                

6   be paid in a lump sum or in installments.                                   

                                                                                

7       (6) "Contract" means a written, prepaid funeral contract and                

                                                                                

8   all documents pertinent to the terms of the contract under which,           

                                                                                

9   for consideration paid to a contract seller or a provider by or             

                                                                                

10  on behalf of a contract buyer prior to the death of the contract            

                                                                                

11  beneficiary, a person promises to furnish, make available, or               

                                                                                

12  provide funeral services or funeral goods after the death of a              

                                                                                

13  contract beneficiary.                                                       

                                                                                

14      (j)  (7)  "Contract beneficiary" means an individual                        

                                                                                

15  specified or implied in a prepaid  funeral  contract for whom the           

                                                                                

16  funeral or cemetery services or  funeral goods  merchandise shall           

                                                                                

17  be performed or furnished after death.                                      

                                                                                

18      (k)  (8)  "Contract buyer" means an individual, including a                 

                                                                                

19  contract beneficiary, who purchases  funeral goods  merchandise             

                                                                                

20  or funeral or cemetery services pursuant to a prepaid  funeral              

                                                                                

21  contract.                                                                   

                                                                                

22                                                                               (l)  (9)  "Contract seller" means a person who sells, makes                          

                                                                                

23  available, or provides prepaid  funeral  contracts.                         

                                                                                

24      (m) "Crypt" means a chamber in a mausoleum of sufficient size               

                                                                                

25  to entomb the uncremated remains of a deceased person.                      

                                                                                

26      (n)  (10)  "Department" means the department of  licensing                  

                                                                                

27  and regulation  consumer and industry services.                             


                                                                                

1       Sec. 4.  (1) As used in this act:                                           

                                                                                

2       (a) "Depository" means a state or  national bank which is a                 

                                                                                

3   member of the federal deposit insurance corporation, a state or             

                                                                                

4   federal savings and loan association which is a member of the               

                                                                                

5   federal savings and loan insurance corporation, or a state or               

                                                                                

6   federally chartered credit union which is insured by the national           

                                                                                

7   credit union administration, or a trust company authorized to do            

                                                                                

8   business in this state  nationally chartered bank or state or               

                                                                                

9   federally chartered savings and loan association, savings bank,             

                                                                                

10  or credit union whose deposits are insured by an agency of the              

                                                                                

11  United States government under the laws of this state or the                

                                                                                

12  United States.  Depository includes the trust department, if any,           

                                                                                

13  of an entity referred to in this subsection.                                

                                                                                

14      (b)  (2)  "Escrow agent" means a person who holds, invests,                 

                                                                                

15  and disburses principal and income from the funds received under            

                                                                                

16  a prepaid  funeral  contract.                                               

                                                                                

17      (c)  (3)  "Funds" means all money or other consideration                    

                                                                                

18  actually received from a contract buyer by a contract seller or             

                                                                                

19  provider or an assignee from the contract buyer in connection               

                                                                                

20  with any aspect of the sale of a prepaid  funeral  contract,                

                                                                                

21  including finance charges, but does not include late payment                

                                                                                

22  penalties, payments required to be made to a governmental agency            

                                                                                

23  at the time the contract is entered into, or a commission                   

                                                                                

24  authorized by section 12(1).                                                

                                                                                

25      (4) "Funeral goods" means items of merchandise sold or                      

                                                                                

26  offered for sale or lease to consumers which will be used in                

                                                                                

27  connection with a funeral or an alternative to a funeral or final           


                                                                                

1   disposition of human remains including, but not limited to,                 

                                                                                

2   caskets, combination units, and catafalques.  Funeral goods shall           

                                                                                

3   not include land or interests in land, crypts, lawn crypts,                 

                                                                                

4   mausoleum crypts, or niches that are sold by a cemetery which               

                                                                                

5   complies with the endowment care fund requirements of the                   

                                                                                

6   cemetery regulation act, Act No. 251 of the Public Acts of 1968,            

                                                                                

7   being sections 456.521 to 456.543 of the Michigan Compiled Laws.            

                                                                                

8   In addition, funeral goods shall not include cemetery burial                

                                                                                

9   vaults or other outside containers, markers, monuments, urns, and           

                                                                                

10  merchandise items used for the purpose of memorializing a                   

                                                                                

11  decedent and placed on or in proximity to a place of interment or           

                                                                                

12  entombment of a casket, catafalque, or vault or to a place of               

                                                                                

13  inurnment which are sold by a cemetery which deposits at least              

                                                                                

14  130% of the cost of these items in a merchandise trust account              

                                                                                

15  established and operated in accordance with the cemetery                    

                                                                                

16  regulation act, Act No. 251 of the Public Acts of 1968, being               

                                                                                

17  sections 456.521 to 456.543 of the Michigan Compiled Laws.                  

                                                                                

18      (d)  (5)  "Funeral services" means services customarily                     

                                                                                

19  performed by a mortuary science licensee who is licensed pursuant           

                                                                                

20  to  sections 1801 to 1812  article 18 of the occupational code,             

                                                                                

21  Act No. 299 of the Public Acts of 1980, being sections 339.1801            

                                                                                

22  to 339.1812 of the Michigan Compiled Laws  1980 PA 299,                     

                                                                                

23  MCL 339.1801 to 339.1812 Further, funeral  Funeral services              

                                                                                

24  includes  include, but  is  are not limited to, care of dead               

                                                                                

25  human remains, embalming, preparation of dead human remains for             

                                                                                

26  final disposition, professional services relating to a funeral or           

                                                                                

27  an alternative to a funeral or final disposition of dead human              


                                                                                

1   remains, transportation of dead human remains, limousine                    

                                                                                

2   services, use of facilities or equipment for viewing dead human             

                                                                                

3   remains, visitation, memorial services, or services which are               

                                                                                

4   used in connection with a funeral or alternative to a funeral,              

                                                                                

5   coordinating or conducting funeral rites or ceremonies,                     

                                                                                

6   cremations, and other services provided in connection with a                

                                                                                

7   funeral, alternative to a funeral, or final disposition of dead             

                                                                                

8   human remains.                                                              

                                                                                

9       (e)  (6)  "Guaranteed price contract" means a prepaid                       

                                                                                

10  funeral  contract under which funds received are held pursuant             

                                                                                

11  to an escrow agreement.   The  A guaranteed price contract has a            

                                                                                

12  guaranteed fixed price for which specified  funeral goods                   

                                                                                

13  merchandise or funeral or cemetery services are required to be              

                                                                                

14  sold to or made available for a contract buyer or for a contract            

                                                                                

15  beneficiary, regardless of the cost or value of the  funeral                

                                                                                

16  goods  merchandise or funeral or cemetery services at the time of           

                                                                                

17  death of the contract beneficiary.  Under the guaranteed price              

                                                                                

18  contract, additional consideration  shall  is not  be  charged              

                                                                                

19  for the originally contracted for  funeral goods and  merchandise           

                                                                                

20  or funeral or cemetery services at the time of delivery of the              

                                                                                

21  funeral goods and  merchandise or funeral and cemetery services.           

                                                                                

22  contracted for.                                                            

                                                                                

23      (f)  (7)  "Income" means the money earned by the investment                 

                                                                                

24  of the principal, including, but not limited to, interest,                  

                                                                                

25  dividends, and gains or losses on the sale of, deposit of, or               

                                                                                

26  exchange of, property using invested principal amounts.                     

                                                                                

27      (g) "Interment" means the disposition of human remains by                   


                                                                                

1   earth interment, entombment, or inurnment.                                  

                                                                                

2       (h) "Marker" means a merchandise item, other than a monument,               

                                                                                

3   used for the purpose of memorializing a decedent and placed on or           

                                                                                

4   in proximity to a place of burial, interment, or entombment of a            

                                                                                

5   casket, catafalque, or vault or to a place of inurnment.                    

                                                                                

6       (i) "Mausoleum" means a building or other aboveground                       

                                                                                

7   structure that is affixed to land and is a permanent repository             

                                                                                

8   for human remains.                                                          

                                                                                

9       (j) Subject to subsection (2), "merchandise" means both of                  

                                                                                

10  the following:                                                              

                                                                                

11                                                                               (i) Cemetery burial vaults or other outside containers,                             

                                                                                

12  markers, monuments, and urns.                                               

                                                                                

13      (ii) Items of merchandise sold or offered for sale or lease                  

                                                                                

14  to consumers that will be used in connection with a funeral or an           

                                                                                

15  alternative to a funeral or the final disposition of human                  

                                                                                

16  remains, including, but not limited to, caskets, combination                

                                                                                

17  units, and catafalques.                                                     

                                                                                

18      (k) "Monument" means a stone or other structure used for the                

                                                                                

19  purpose of memorializing a decedent and placed on or in proximity           

                                                                                

20  to a place of burial.                                                       

                                                                                

21      (2) Merchandise does not include land, interests in land, or                

                                                                                

22  interests in mausoleums or columbariums that are sold by a                  

                                                                                

23  cemetery or funeral establishment that complies with the                    

                                                                                

24  endowment care trust fund requirements of this act.                         

                                                                                

25      Sec. 5.   (1)  As used in this act:                                         

                                                                                

26      (a) "Nonguaranteed price contract" means a prepaid  funeral                 

                                                                                

27  contract under which funds received are held pursuant to an                 


                                                                                

1   escrow agreement between a contract seller or provider and a                

                                                                                

2   contract buyer  .  Under the terms of this contract, a contract             

                                                                                

3   seller or provider agrees to apply the principal and income  and            

                                                                                

4   are applied to the cost of the  funeral goods  merchandise or               

                                                                                

5   funeral or cemetery services, which  funeral goods and                      

                                                                                

6   merchandise or funeral or cemetery services may be selected by              

                                                                                

7   the contract buyer at the time the contract is signed or as                 

                                                                                

8   selected by a person legally authorized to procure  funeral goods           

                                                                                

9   and  merchandise or funeral or cemetery services at the time of             

                                                                                

10  death of the contract beneficiary.   However, this  A                       

                                                                                

11  nonguaranteed price contract  shall  does not obligate the                  

                                                                                

12  contract beneficiary's estate or the person who is legally                  

                                                                                

13  entitled to make funeral or cemetery arrangements for a deceased            

                                                                                

14  contract beneficiary to purchase specific  goods and  merchandise           

                                                                                

15  or funeral or cemetery services which were selected before the              

                                                                                

16  contract beneficiary's death  , nor shall this contract  and does           

                                                                                

17  not obligate either the contract beneficiary's estate or the                

                                                                                

18  person who is entitled to make funeral or cemetery arrangements             

                                                                                

19  for a deceased contract beneficiary to expend a specific amount             

                                                                                

20  on  funeral goods  merchandise or funeral or cemetery services.             

                                                                                

21      (b)  (2)  "Person" means an individual, group of individuals,               

                                                                                

22  sole proprietorship, partnership, limited liability company,                

                                                                                

23  association, corporation,  a governmental  government agency,               

                                                                                

24  cemetery, or a combination of these legal entities.                         

                                                                                

25      (c) "Physical delivery and retention" means actual control                  

                                                                                

26  and possession of merchandise that has been permanently                     

                                                                                

27  relinquished by a contract seller or a provider, or the agent of            


                                                                                

1   either, to the contract buyer or the contract beneficiary.  In              

                                                                                

2   the case of a marker, monument, or urn, physical delivery and               

                                                                                

3   retention means that the marker, monument, or urn has been                  

                                                                                

4   permanently inscribed with the name of the person being                     

                                                                                

5   memorialized.  Physical delivery and retention does not occur if            

                                                                                

6   the contract seller or provider takes either of the following               

                                                                                

7   actions:                                                                    

                                                                                

8                                                                                (i) Arranges or induces the buyer to arrange for the storage                        

                                                                                

9   or warehousing of merchandise ordered pursuant to a prepaid                 

                                                                                

10  contract, with or without evidence that legal title has passed.             

                                                                                

11      (ii) Acquires or reacquires actual or constructive possession                

                                                                                

12  or control of merchandise after initial delivery to the contract            

                                                                                

13  buyer or contract beneficiary.                                              

                                                                                

14      (d)  (3)  "Prepaid  funeral  contract" means a contract                     

                                                                                

15  requiring payment in advance for funeral or cemetery services or            

                                                                                

16  for funeral goods  merchandise, physical delivery and retention            

                                                                                

17  of which would occur after death under a guaranteed price                   

                                                                                

18  contract or a nonguaranteed price contract.  Prepaid  funeral               

                                                                                

19  contracts  shall  do not include a contract for the sale of                 

                                                                                

20  funeral goods  merchandise or funeral or cemetery services                 

                                                                                

21  which is  entered into after the death of the  person for whose            

                                                                                

22  benefit the goods or services are acquired  contract                        

                                                                                

23  beneficiary.                                                                

                                                                                

24      (e)  (4)  "Principal" means the money  , finance charges,  or               

                                                                                

25  other consideration actually deposited in the escrow or trust               

                                                                                

26  accounts required by  section 12  this act.                                 

                                                                                

27      (f)  (5)  "Provider" means any person who furnishes or agrees               


                                                                                

1   to furnish  funeral goods  merchandise or funeral or cemetery               

                                                                                

2   services pursuant to a prepaid  funeral  contract, whether or not           

                                                                                

3   that person is the contract seller.  In the case of  funeral                

                                                                                

4   goods  merchandise, provider  shall mean  means the person who              

                                                                                

5   arranges for delivery of the  funeral goods  merchandise at the             

                                                                                

6   time of the death of the contract beneficiary and not the                   

                                                                                

7   manufacturer of the  goods  merchandise.  In the case of funeral            

                                                                                

8   services, provider  shall mean  means a person  licensed pursuant           

                                                                                

9   to section 1806(3) of the occupational code, Act No. 299 of the             

                                                                                

10  Public Acts of 1980, being section 339.1806(3) of the Michigan              

                                                                                

11  Compiled Laws  who possesses all licenses necessary to perform              

                                                                                

12  the funeral services specified in the prepaid contractIn the             

                                                                                

13  case of cemetery services, provider means a person who possesses            

                                                                                

14  all licenses and registrations necessary to provide the cemetery            

                                                                                

15  services specified in the prepaid contract.                                 

                                                                                

16      (g)  (6)  "Registrant" means a person who has registered with               

                                                                                

17  the department pursuant to section 6.                                       

                                                                                

18      (h) "Urn" means a container used to preserve the ashes of a                 

                                                                                

19  dead human body.                                                            

                                                                                

20      Sec. 6.  (1) A person shall not sell, provide, or agree to                  

                                                                                

21  provide  funeral goods  merchandise or funeral or cemetery                  

                                                                                

22  services pursuant to a prepaid  funeral  contract unless that               

                                                                                

23  person is registered with the department as provided in this                

                                                                                

24  section and has received a certificate of registration.                     

                                                                                

25      (2) A person desiring to receive a certificate of                           

                                                                                

26  registration under this section shall  make application  apply              

                                                                                

27  upon forms provided by the department and pay an application fee            


                                                                                

1   of $120.00.  The original registration may be renewed.  A                   

                                                                                

2   certification of registration  shall be  is valid for 3 years               

                                                                                

3   from the date of its issuance.  An application form for original            

                                                                                

4   registration or renewal shall contain the following:                        

                                                                                

5       (a) The name and business address of the  entity  person                    

                                                                                

6   registering.                                                                

                                                                                

7       (b) The names and addresses of persons owning 10% or more                   

                                                                                

8   interest in the entity applying for registration.                           

                                                                                

9       (c) The business address where books and records pertaining                 

                                                                                

10  to prepaid  funeral  contracts shall be maintained for inspection           

                                                                                

11  by the department.                                                          

                                                                                

12      (d) A list of the names and addresses of any escrow agents in               

                                                                                

13  which funds have been or will be deposited by the registrant                

                                                                                

14  which after registration shall be constantly updated.  The                  

                                                                                

15  registrant shall inform the department of any change in this list           

                                                                                

16  within 30 days of the change by adding to the list the name and             

                                                                                

17  address of any new escrow agent or by deleting from the list an             

                                                                                

18  escrow agent whose services are no longer being used by the                 

                                                                                

19  registrant.                                                                 

                                                                                

20      (e) A statement made under oath that the registrant has an                  

                                                                                

21  agreement with each escrow agent with which it has deposited                

                                                                                

22  funds which complies with the requirements of section 7, or if              

                                                                                

23  the registrant is or intends to be an escrow agent for funds                

                                                                                

24  received in connection with a nonguaranteed price contract, a               

                                                                                

25  statement that the registrant will comply with the requirements             

                                                                                

26  of section 7.                                                               

                                                                                

27      (3) The department shall renew the registration of a person                 


                                                                                

1   who applies for renewal upon a form provided by the department              

                                                                                

2   and pays an application fee of $30.00 provided that the person              

                                                                                

3   has submitted the sworn statement as required by this section and           

                                                                                

4   the special report or sworn statement as required by section 8 at           

                                                                                

5   least 60 days  prior to  before the expiration date printed on              

                                                                                

6   the certificate of registration.  The certificate of registration           

                                                                                

7   of a person who fails to file the sworn statement or special                

                                                                                

8   report required by this section shall expire on the date printed            

                                                                                

9   on the certificate of registration.  A registrant may reinstate             

                                                                                

10  the registration within 60 days of its expiration by submitting             

                                                                                

11  the sworn statement or special report and paying a fee of                   

                                                                                

12  $120.00.                                                                    

                                                                                

13      (4) The department may deny the registration of a person if                 

                                                                                

14  it determines any of the following:                                         

                                                                                

15      (a) That the person was previously registered with the                      

                                                                                

16  department and that registration was revoked or suspended within            

                                                                                

17  2 years  prior to  before the date of the current application for           

                                                                                

18  registration.                                                               

                                                                                

19      (b) That the person was or is presently an owner with a                     

                                                                                

20  substantial interest in the entity, partner, or employee of a               

                                                                                

21  person whose registration was revoked or suspended within 2 years           

                                                                                

22  prior to  before the date of the current application for                   

                                                                                

23  registration and the person engaged or participated in or                   

                                                                                

24  authorized the misconduct  which  that was the basis for the                

                                                                                

25  revocation or suspension.                                                   

                                                                                

26      (c) That the person has violated this act, article 18 of the                

                                                                                

27  occupational code, 1980 PA 299, MCL 339.1801 to 339.1812, or the            


                                                                                

1   cemetery regulation act, 1968 PA 251, MCL 456.521 to 456.543.               

                                                                                

2       (5) An applicant who registers with the department shall not                

                                                                                

3   receive a certificate of registration unless the applicant                  

                                                                                

4   complies with the conditions in this section.                               

                                                                                

5       (6) A person who is denied registration by the department                   

                                                                                

6   pursuant to this section may petition the department for                    

                                                                                

7   reconsideration.  A person seeking reconsideration  shall be  is            

                                                                                

8   entitled to a hearing conducted in compliance with the                      

                                                                                

9   administrative procedures act of 1969,  Act No. 306 of the Public           

                                                                                

10  Acts of 1969, being sections 24.201 to 24.328 of the Michigan               

                                                                                

11  Compiled Laws  1969 PA 306, MCL 24.201 to 24.328.                           

                                                                                

12      Sec. 7.  A registrant who deposits funds with an escrow                     

                                                                                

13  agent  pursuant to  under this act shall have in effect at all              

                                                                                

14  times an agreement under which the escrow agent has, under the              

                                                                                

15  following circumstances, agreed to allow inspection and copying             

                                                                                

16  of records maintained by it pertaining to funds held or managed             

                                                                                

17  by it:                                                                      

                                                                                

18      (a) Upon the request by the department, to inspect or copy                  

                                                                                

19  records pertaining to any or all funds held or managed by the               

                                                                                

20  escrow agent.                                                               

                                                                                

21      (b) Upon the request of the registrant or its agent, to                     

                                                                                

22  inspect or copy records pertaining to any or all funds deposited            

                                                                                

23  by the registrant with the escrow agent.                                    

                                                                                

24      (c) Upon the request of a contract buyer or a contract                      

                                                                                

25  beneficiary to inspect or copy records pertaining to funds held             

                                                                                

26  or managed by the escrow agent pursuant to a prepaid  funeral               

                                                                                

27  contract to which the contract buyer is a party or for whose                


                                                                                

1   benefit it was entered into.                                                

                                                                                

2       (d) Upon order of a court of  proper  competent                             

                                                                                

3   jurisdiction.                                                               

                                                                                

4       Sec. 8.  (1) A registrant shall keep, in this state,                        

                                                                                

5   accurate accounts, books, and records of all transactions and               

                                                                                

6   accounts regulated by this act.  Records shall include copies of            

                                                                                

7   all prepaid  funeral  contracts, the dates and amounts of                   

                                                                                

8   payments made and accepted under these prepaid contracts, the               

                                                                                

9   name and address of each contract buyer, the name and address of            

                                                                                

10  the contract beneficiaries, the name and address of each escrow             

                                                                                

11  agent, and any other records as the department may require to               

                                                                                

12  enable it to determine whether the registrant is complying with             

                                                                                

13  the requirements of this act.  Records shall be kept for at least           

                                                                                

14  36 months after performance of all obligations of each prepaid              

                                                                                

15  funeral  contract or after the filing of the final special                 

                                                                                

16  report  which  that includes a prepaid contract  which  that has            

                                                                                

17  been performed.                                                             

                                                                                

18      (2) At least once every 3 years, a registrant which serves as               

                                                                                

19  an escrow agent or which has deposited funds with an escrow agent           

                                                                                

20  pursuant to section 12 shall secure a special report of limited             

                                                                                

21  review prepared by a licensed independent certified public                  

                                                                                

22  accountant pertaining to  prepaid funeral contract  funds.  The             

                                                                                

23  special report shall be on forms provided by the department or in           

                                                                                

24  any other format considered appropriate by the independent                  

                                                                                

25  certified public accountant.  The special report shall be                   

                                                                                

26  prepared and dated within 90 days before the expiration of the              

                                                                                

27  registrant's certificate of registration and shall be furnished             


                                                                                

1   to the department with the registrant's application for renewal             

                                                                                

2   or, if an application for renewal is not filed, before the                  

                                                                                

3   expiration of the certificate of registration.  In preparing the            

                                                                                

4   special report, the independent certified public accountant shall           

                                                                                

5   not be required to review all prepaid  funeral  contracts, escrow           

                                                                                

6   agreements, escrow accounts, or records of the registrant, nor              

                                                                                

7   shall the independent certified public accountant be required to            

                                                                                

8   review any receipts or deposits by the registrant of  prepaid               

                                                                                

9   funeral contract  funds.  The special report of the independent             

                                                                                

10  certified public accountant shall provide the following                     

                                                                                

11  assurances:                                                                 

                                                                                

12      (a) That, based either upon a review of the registrant's                    

                                                                                

13  agreements with escrow agents or depositories which limit                   

                                                                                

14  investments of the escrow funds by the escrow agents or                     

                                                                                

15  depositories to those investments permitted by this act, or upon            

                                                                                

16  a review of the investments of the escrow accounts, the                     

                                                                                

17  investment requirements of section  12(4)  12 have been complied            

                                                                                

18  with.                                                                       

                                                                                

19      (b) In the case of escrow accounts where the registrant                     

                                                                                

20  serves as the escrow agent, that withdrawals, as detailed in the            

                                                                                

21  periodic statements of the depositories in which the escrow                 

                                                                                

22  accounts are maintained, have been made in  accordance                      

                                                                                

23  compliance with this act.                                                   

                                                                                

24      (c) That no matters have come to the attention of the                       

                                                                                

25  independent certified public accountant during the review of                

                                                                                

26  escrow account investments and withdrawals that gave cause to               

                                                                                

27  believe that the registrant has not complied with this act, or if           


                                                                                

1   any matters have come to his or her attention, the independent              

                                                                                

2   certified public accountant shall include an explanation of the             

                                                                                

3   matters which caused the belief that the registrant has not                 

                                                                                

4   complied with this act.                                                     

                                                                                

5       (3) The department may examine each special report required                 

                                                                                

6   by this section and if the department determines on the basis of            

                                                                                

7   its review that the registrant or its agent has not held or                 

                                                                                

8   invested funds in accordance with the requirements of this act or           

                                                                                

9   has failed to file a special report as required, the department             

                                                                                

10  shall take any appropriate corrective or penal action authorized            

                                                                                

11  by this act.                                                                

                                                                                

12      (4) The department may examine, review, or audit the books                  

                                                                                

13  and records of a contract seller or provider pertaining to funds            

                                                                                

14  received in payment for prepaid  funeral  contracts.  An audit              

                                                                                

15  may include an examination of the books and financial records of            

                                                                                

16  the registrant as well as books and financial records of escrow             

                                                                                

17  agents used by the registrant.  A registrant shall authorize                

                                                                                

18  escrow agents to open their records of the registrant accounts to           

                                                                                

19  the department upon request.                                                

                                                                                

20      (5) For the purposes of complying with the requirements of                  

                                                                                

21  this section, a registrant who has not sold, provided, or agreed            

                                                                                

22  to provide  funeral goods  merchandise or funeral or cemetery               

                                                                                

23  services in accordance with a prepaid  funeral  contract and who            

                                                                                

24  has no obligations with respect to an outstanding prepaid                   

                                                                                

25  funeral  contract may submit a sworn statement that a prepaid              

                                                                                

26  funeral  contract has not been sold, provided, or agreed to and            

                                                                                

27  there are no obligations outstanding.   This  The department                


                                                                                

1   shall accept the statement  shall be accepted  in lieu of the               

                                                                                

2   special report.                                                             

                                                                                

3       Sec. 9.  A registrant who discontinues its business                         

                                                                                

4   operations shall notify the department and the contract buyer of            

                                                                                

5   each existing prepaid  funeral  contract and shall provide                  

                                                                                

6   written documentation that it has arranged for an assignment of             

                                                                                

7   these prepaid contracts to another provider who satisfies the               

                                                                                

8   requirements of section 6.                                                  

                                                                                

9       Sec. 10.  All prepaid  funeral  contracts provided for under                

                                                                                

10  this act shall be either a nonguaranteed price contract or a                

                                                                                

11  guaranteed price contract and shall be made and executed pursuant           

                                                                                

12  only to this act.                                                           

                                                                                

13      Sec. 11.  (1) A guaranteed price contract shall designate a                 

                                                                                

14  provider who has agreed to furnish the  funeral goods                       

                                                                                

15  merchandise or funeral or cemetery services specified in the                

                                                                                

16  contract upon the death of the contract beneficiary.  If the                

                                                                                

17  provider designated is not the prepaid contract seller of the               

                                                                                

18  contract,  the provider shall have previously contracted with the           

                                                                                

19  contract seller to provide the goods and services specified in              

                                                                                

20  the contract and the contract shall indicate this contractual               

                                                                                

21  relationship or  the provider shall be made a party to the                  

                                                                                

22  prepaid contract before any consideration is paid and the prepaid           

                                                                                

23  contract  shall  is not  be  binding on the contract buyer until            

                                                                                

24  the provider has been made a party to the prepaid contract.                 

                                                                                

25      (2) In addition to the registration otherwise required by the               

                                                                                

26  terms of this act, the provider which has agreed to  furnish                

                                                                                

27  funeral goods  provide merchandise or funeral or cemetery                   


                                                                                

1   services pursuant to a guaranteed price contract shall, at the              

                                                                                

2   time the prepaid contract is entered into, possess any license or           

                                                                                

3   registration required in order to provide the funeral  goods or             

                                                                                

4   funeral  or cemetery services, pursuant to  sections 1801 to                

                                                                                

5   1812  article 18 of the occupational code,  Act No. 299 of the              

                                                                                

6   Public Acts of 1980, being sections 339.1801 to 339.1812 of the             

                                                                                

7   Michigan Compiled Laws  1980 PA 299, MCL 339.1801 to 339.1812, or           

                                                                                

8   the cemetery regulation act, 1968 PA 251, MCL 456.521 to                    

                                                                                

9   456.543If a provider is required to possess a license or                 

                                                                                

10  registration to provide the services included in a prepaid                  

                                                                                

11  contract, a contract seller who does not possess a license or               

                                                                                

12  registration to provide the services must disclose to the                   

                                                                                

13  contract buyer or prospective contract buyer that it cannot                 

                                                                                

14  perform those activities required to be registered or licensed.             

                                                                                

15      Sec. 12.  (1) All funds received in connection with a                       

                                                                                

16  prepaid  funeral  contract shall be held in escrow by an escrow             

                                                                                

17  agent for the benefit of the  person for whom the funeral goods             

                                                                                

18  or funeral services have been purchased  contract beneficiary.              

                                                                                

19  However, a prepaid  funeral  contract may authorize the contract            

                                                                                

20  seller or provider to charge an additional commission of not more           

                                                                                

21  than 10% of the contract price which shall not be subject to the            

                                                                                

22  depository requirements of this section.  If the contract price             

                                                                                

23  is paid in installments, the commission retained by the contract            

                                                                                

24  seller or the provider shall not exceed the rate of the                     

                                                                                

25  commission charged in the prepaid contract for each installment.            

                                                                                

26  A contract buyer upon cancellation  shall be  is entitled to a              

                                                                                

27  refund as provided in section 13(1).                                        


                                                                                

1       (2) Only the following persons may serve as the escrow agent                

                                                                                

2   of  prepaid funeral  funds:                                                 

                                                                                

3       (a) If the  prepared funeral  prepaid contract is a                         

                                                                                

4   nonguaranteed price contract, the contract seller or provider of            

                                                                                

5   that nonguaranteed price contract.  , or in                                 

                                                                                

6       (b) In the case of either a guaranteed or nonguaranteed price               

                                                                                

7   contract, a  state or national bank, a state or federal savings             

                                                                                

8   and loan association, a state or federally chartered credit                 

                                                                                

9   union  depository, a trust company,  or  a Michigan nonprofit               

                                                                                

10  corporation in which the majority interest is held by 250 or more           

                                                                                

11  funeral establishments licensed  pursuant to sections 1801 to               

                                                                                

12  1812 of the occupational code, Act No. 299 of the Public Acts of            

                                                                                

13  1980, being sections 339.1801 to 339.1812 of the Michigan                   

                                                                                

14  Compiled Laws  under article 18 of the occupational code, 1980              

                                                                                

15  PA 299, MCL 339.1801 to 339.1812, or a Michigan nonprofit                   

                                                                                

16  corporation in which the majority interest is held by 250 or more           

                                                                                

17  cemeteries licensed and operated pursuant to the cemetery                   

                                                                                

18  regulation act,  Act No. 251 of the Public Acts of 1968, being              

                                                                                

19  sections 456.521 to 456.543 of the Michigan Compiled Laws  1968             

                                                                                

20  PA 251, MCL 456.521 to 456.543.  If the prepaid  funeral                    

                                                                                

21  contract is a guaranteed price contract, the contract seller or             

                                                                                

22  the provider shall not serve as the escrow agent.                           

                                                                                

23      (3) If the escrow agent is not the contract seller or                       

                                                                                

24  provider of a nonguaranteed price contract, the escrow agent                

                                                                                

25  shall be selected as follows:                                               

                                                                                

26      (a) If the prepaid contract is a nonguaranteed price                        

                                                                                

27  contract, the escrow agent may be selected by either the contract           


                                                                                

1   seller or the provider.                                                     

                                                                                

2       (b) If the prepaid contract is a guaranteed price contract,                 

                                                                                

3   the escrow agent shall be selected by the provider who has been             

                                                                                

4   designated to furnish the  funeral goods or  funeral services.              

                                                                                

5   If the prepaid contract does not include funeral services, the              

                                                                                

6   escrow agent shall be selected by any provider.                             

                                                                                

7       (4) If the escrow agent is a person other than the person to                

                                                                                

8   whom the funds have been paid by the contract buyer, the funds              

                                                                                

9   shall be deposited with the escrow agent within 30 days after the           

                                                                                

10  receipt by the person to whom the funds are paid.                           

                                                                                

11      (5) Funds held by an escrow agent shall be held and invested                

                                                                                

12  only as specified in the prepaid contract.  A prepaid contract              

                                                                                

13  may authorize investments only as follows:                                  

                                                                                

14      (a) If the prepaid contract is a nonguaranteed price                        

                                                                                

15  contract, the funds shall be invested in 1 or more  federally               

                                                                                

16  insured  interest-bearing accounts in a depository.                         

                                                                                

17      (b) If the prepaid contract is a guaranteed price contract,                 

                                                                                

18  the principal and income may be invested only in accordance with            

                                                                                

19  Act No. 177 of the Public Acts of 1937, being sections 555.201             

                                                                                

20  to 555.203 of the Michigan Compiled Laws  section 7302 of the               

                                                                                

21  estates and protected individuals code, 1998 PA 386,                        

                                                                                

22  MCL 700.7302, except that funds shall not be invested in a                  

                                                                                

23  company owned  or  by, operated by, or affiliated in any way with           

                                                                                

24  a contract seller or provider or their authorized agents, or in             

                                                                                

25  loans to any person directly connected with or employed by a                

                                                                                

26  contract seller or provider or their authorized agents.                     

                                                                                

27      (6) Income shall be held and invested by the escrow agent in                


                                                                                

1   the same manner as the principal except that the income may be              

                                                                                

2   utilized to pay reasonable fees and expenses of the escrow agent            

                                                                                

3   in addition to other costs specifically authorized by this act.             

                                                                                

4   The expenses and fees paid to the escrow agent shall not exceed             

                                                                                

5   1% of the aggregate balance of principal and prior earned income            

                                                                                

6   from each account annually.  If a fee is charged for reasonable             

                                                                                

7   expenses for the administration costs under an escrow agreement,            

                                                                                

8   the amount may be paid to the escrow agent periodically or may be           

                                                                                

9   accumulated in the account and paid at the time of death or upon            

                                                                                

10  cancellation of the contract.                                               

                                                                                

11      (7) Amounts of principal and income held by an escrow agent                 

                                                                                

12  other than the contract seller or provider of a nonguaranteed               

                                                                                

13  price contract may be commingled with principal and income                  

                                                                                

14  derived from other prepaid  funeral  accounts.  However, a                  

                                                                                

15  separate accounting of principal and income shall be maintained             

                                                                                

16  for each prepaid  funeral  contract under the name of the                   

                                                                                

17  contract beneficiary.                                                       

                                                                                

18      (8) The  contract buyer  escrow agent shall  be sent  send to               

                                                                                

19  the contract buyer a notice stating the date, amount of the                 

                                                                                

20  deposit, and the name of the escrow agent with whom the funds are           

                                                                                

21  deposited.                                                                  

                                                                                

22      (9) Upon the death of the contract beneficiary and upon                     

                                                                                

23  performance by the provider of its obligation to furnish  funeral           

                                                                                

24  goods and  merchandise or funeral or cemetery services pursuant             

                                                                                

25  to the prepaid  funeral  contract, funds held by the escrow agent           

                                                                                

26  shall be disbursed as follows:                                              

                                                                                

27      (a) If the prepaid  funeral  contract is a nonguaranteed                    


                                                                                

1   price contract, the principal and income shall first be disbursed           

                                                                                

2   by the escrow agent to the provider of the  funeral goods                   

                                                                                

3   merchandise or funeral or cemetery services in payment of all               

                                                                                

4   reasonable charges.  Thereafter, not less than 90% of the                   

                                                                                

5   remaining balance of principal and income, if any, shall be                 

                                                                                

6   disbursed to the person, other than the provider or the contract            

                                                                                

7   seller, designated in the prepaid contract or authorized by law             

                                                                                

8   to receive the surplus, and the remainder, if any, shall be                 

                                                                                

9   disbursed to the provider as final compensation for its                     

                                                                                

10  services.  The amount paid to the person entitled to receive the            

                                                                                

11  surplus shall be as follows:                                                

                                                                                

12                                                                               (i) If no commission has been charged pursuant to this                              

                                                                                

13  section, at least 90% of the remaining balance of principal and             

                                                                                

14  income in the escrow account.                                               

                                                                                

15      (ii) If a commission of 5% or less of the contract price has                 

                                                                                

16  been charged, at least 95% of the remaining principal and income            

                                                                                

17  in the escrow account.                                                      

                                                                                

18      (iii) If a commission of greater than 5% of the contract                     

                                                                                

19  price has been charged, 100% of the remaining principal and                 

                                                                                

20  income in the escrow account.                                               

                                                                                

21      (b) If the prepaid  funeral  contract is a guaranteed price                 

                                                                                

22  contract, the principal and income held by the escrow agent shall           

                                                                                

23  be disbursed to the provider, its designee, or its successor.               

                                                                                

24      (c) If the escrow agent is notified that there is a dispute                 

                                                                                

25  as to whether the provider has performed all its obligations                

                                                                                

26  under the prepaid  funeral  contract, the escrow agent shall file           

                                                                                

27  an action for interpleader or shall obtain an impartial                     


                                                                                

1   arbitrator to determine the rights of the parties.  Expenses of             

                                                                                

2   arbitration shall be shared equally by the parties unless                   

                                                                                

3   otherwise ordered by the arbitrator.                                        

                                                                                

4       (10) A Michigan nonprofit corporation in which the majority                 

                                                                                

5   interest is held by 250 or more funeral establishments or by 250            

                                                                                

6   or more cemeteries may be designated as the escrow agent only if            

                                                                                

7   the contract buyer has expressly authorized  such  that                     

                                                                                

8   designation in writing.  If the contract buyer authorizes the               

                                                                                

9   appointment as escrow agent of  any such  a Michigan nonprofit              

                                                                                

10  corporation described in this subsection in the prepaid  funeral            

                                                                                

11  contract, the authorization shall be set forth in a separate                

                                                                                

12  paragraph which shall not be effective unless separately signed             

                                                                                

13  or initialed by a contract buyer and which shall state that the             

                                                                                

14  contract buyer may elect to require that a  state or national               

                                                                                

15  bank, or state or federal savings and loan association, a state             

                                                                                

16  or federally chartered credit union,  depository or a trust                 

                                                                                

17  company be designated as the escrow agent.                                  

                                                                                

18      (11) If a prepaid contract is canceled, the escrow agent                    

                                                                                

19  shall disburse the principal and income in accordance with                  

                                                                                

20  section 13.                                                                 

                                                                                

21      (12) At least annually, unless waived in writing by a                       

                                                                                

22  contract buyer, a contract buyer shall be furnished a statement             

                                                                                

23  indicating the current balance, the income earned since the last            

                                                                                

24  statement, the fees or expenses charged since the last statement,           

                                                                                

25  and the name and address of the person from whom additional                 

                                                                                

26  information may be obtained relative to the account.  The cost of           

                                                                                

27  the statement required by this subsection may be paid from the              


                                                                                

1   income and may be in addition to any other fee or charge                    

                                                                                

2   authorized by this act.                                                     

                                                                                

3       Sec. 12a.  (1) A cemetery shall establish and maintain an                   

                                                                                

4   irrevocable endowment care trust fund.  The endowment care trust            

                                                                                

5   fund shall be administered by a trustee that must be a depository           

                                                                                

6   or a trust company.  A cemetery shall deposit with the trustee              

                                                                                

7   not less than 15% of the proceeds received during the previous              

                                                                                

8   month from the sale of burial, entombment, or columbarium                   

                                                                                

9   rights.  The principal and interest in the trust shall be held in           

                                                                                

10  compliance with section 7302 of the estates and protected                   

                                                                                

11  individuals code, 1998 PA 386, MCL 700.7302.  Earnings from the             

                                                                                

12  trust shall be used only for the purpose of maintaining the                 

                                                                                

13  grounds, graves, mausoleums, columbariums, and other facilities             

                                                                                

14  and beautifying the grounds of the cemetery and principal shall             

                                                                                

15  remain invested.  The trustee shall report annually before July 1           

                                                                                

16  of each year on forms approved and furnished by the department              

                                                                                

17  information regarding the endowment care trust funds as the                 

                                                                                

18  department considers pertinent in the public interest.  Each                

                                                                                

19  person engaged as agent or seller in the selling of burial                  

                                                                                

20  rights, entombment rights, or columbarium rights owned by a party           

                                                                                

21  other than a cemetery or person subject to the trust fund                   

                                                                                

22  requirements of other laws must deposit 15% of all gross proceeds           

                                                                                

23  received from the sales of those rights into the irrevocable                

                                                                                

24  endowment care trust fund of the cemetery in which the rights are           

                                                                                

25  located if an irrevocable endowment care trust fund exists for              

                                                                                

26  that cemetery.                                                              

                                                                                

27      (2) In addition to all other remedies at law or in equity                   


                                                                                

1   which any interested party may have, the attorney general and the           

                                                                                

2   circuit court of the county in which the cemetery is located have           

                                                                                

3   all the powers and jurisdiction granted to the attorney general             

                                                                                

4   and court for trusts covered by 1915 PA 280, MCL 554.351 to                 

                                                                                

5   554.353.  The remedies granted include all endowment care trust             

                                                                                

6   funds without regard to uncertainty or indefiniteness of the                

                                                                                

7   beneficiaries of those funds.                                               

                                                                                

8       (3) If, after an audit by the department's staff, a deficit                 

                                                                                

9   in the amount of required deposits to the endowment care trust              

                                                                                

10  fund is found, the department shall order replenishment of the              

                                                                                

11  deficit and may assess a penalty not to exceed 10% of the amount            

                                                                                

12  of the deficit.  The cemetery or entity of a cemetery may request           

                                                                                

13  an administrative hearing before the department within 30 days              

                                                                                

14  after being notified of a deficit by the department.  If,                   

                                                                                

15  following notice and an opportunity for a hearing, the department           

                                                                                

16  determines that a deficit does exist, an additional penalty not             

                                                                                

17  to exceed 1.5% may be assessed each month on the unpaid monthly             

                                                                                

18  balance until the deficit is paid in full.                                  

                                                                                

19      (4) A cemetery for earth interment of 10 acres or less in                   

                                                                                

20  size which is owned and operated entirely and exclusively by an             

                                                                                

21  existing nonprofit entity and in which a burial has taken place             

                                                                                

22  before September 15, 1968 is exempt from the endowment care trust           

                                                                                

23  fund requirements of this section except as to the endowment care           

                                                                                

24  trust fund report requirements if the cemetery maintains care or            

                                                                                

25  memorial funds.                                                             

                                                                                

26      Sec. 12b.  (1) A person shall not develop or build a                        

                                                                                

27  mausoleum or columbarium and engage in preconstruction sales of             


                                                                                

1   crypts or niches unless that person does all of the following:              

                                                                                

2       (a) Places at least 50% of the funds received pursuant to                   

                                                                                

3   preconstruction sales into a trust fund, and reports annually               

                                                                                

4   before July 1 of each year, on forms approved and furnished by              

                                                                                

5   the department, trust fund information that the department                  

                                                                                

6   considers pertinent in the public interest.                                 

                                                                                

7       (b) Presents a performance bond to the department in an                     

                                                                                

8   amount equivalent to 100% of the funds received pursuant to such            

                                                                                

9   preconstruction sales minus that percentage of funds trusted                

                                                                                

10  under subdivision (a).                                                      

                                                                                

11      (c) Begins construction once 50% of the interment rights are                

                                                                                

12  sold.                                                                       

                                                                                

13      (2) The trust fund established pursuant to this section shall               

                                                                                

14  be administered by a depository or a trust company.  The funds              

                                                                                

15  placed into the trust fund shall be held in compliance with                 

                                                                                

16  section 7302 of the estates and protected individuals code, 1998            

                                                                                

17  PA 386, MCL 700.7302.                                                       

                                                                                

18      (3) Construction of a mausoleum or columbarium shall be                     

                                                                                

19  completed within 4 years after the date of sale of the first sale           

                                                                                

20  of an entombment or inurnment right of the proposed mausoleum or            

                                                                                

21  columbarium.  If construction or development of the mausoleum or            

                                                                                

22  columbarium has not been completed within 4 years after the date            

                                                                                

23  of the first sale of an entombment or inurnment right of the                

                                                                                

24  proposed mausoleum or columbarium, or if the person for whom the            

                                                                                

25  interment right was purchased dies before completion of                     

                                                                                

26  construction or development of the mausoleum or columbarium, the            

                                                                                

27  purchaser or his or her estate shall immediately be given a                 


                                                                                

1   refund of 100% of the proceeds of that sale, including interest             

                                                                                

2   as determined by the adjusted prime rate, compounded annually               

                                                                                

3   since the year the money was deposited.  Principal and income in            

                                                                                

4   a trust account established under this subsection may be                    

                                                                                

5   withdrawn only upon completion of construction or development of            

                                                                                

6   the mausoleum or columbarium or to make a refund required under             

                                                                                

7   this subsection.                                                            

                                                                                

8       (4) As used in this section, "adjusted prime rate" means that               

                                                                                

9   term as defined and determined under section 23 of 1941 PA 122,             

                                                                                

10  MCL 205.23.                                                                 

                                                                                

11      Sec. 13.  (1) A contract buyer may cancel a prepaid                         

                                                                                

12  funeral  contract at any time before the death of the contract             

                                                                                

13  beneficiary upon 30 days' prior written notice to the contract              

                                                                                

14  seller of a nonguaranteed price contract or to the provider                 

                                                                                

15  designated to furnish  funeral goods  merchandise or funeral or             

                                                                                

16  cemetery services pursuant to a guaranteed price contract.  The             

                                                                                

17  contract seller or provider shall promptly notify the escrow                

                                                                                

18  agent of the cancellation and of its effective date, if the                 

                                                                                

19  escrow agent is other than the contract seller or the provider.             

                                                                                

20  After receipt of the notice of cancellation, the escrow agent               

                                                                                

21  shall disburse  principal  not less than 90% of the contract                

                                                                                

22  price and income in the escrow account to the contract buyer                

                                                                                

23  pursuant to this subsection and shall disburse the remainder of             

                                                                                

24  the principal and income, if any, to the contract seller or the             

                                                                                

25  provider.  The  amounts disbursed  refund to the contract buyer             

                                                                                

26  shall be determined as follows:                                             

                                                                                

27      (a) If no commission has been charged pursuant to section                   


                                                                                

1   12(1), at least 90% of the remaining balance of principal and               

                                                                                

2   income in the escrow account or held by the trustee.                        

                                                                                

3       (b) If a commission of 5% or less of the contract price has                 

                                                                                

4   been charged, at least 95% of the remaining principal and income            

                                                                                

5   in the escrow account.                                                      

                                                                                

6       (c) If a commission of greater than 5% of the contract price                

                                                                                

7   has been charged, 100% of the remaining principal and income in             

                                                                                

8   the escrow account.                                                         

                                                                                

9       (2) A contract seller of a nonguaranteed price contract or a                

                                                                                

10  provider designated to furnish  funeral goods  merchandise or               

                                                                                

11  funeral or cemetery services pursuant to a guaranteed price                 

                                                                                

12  contract may cancel a prepaid  funeral  contract only if the                

                                                                                

13  contract buyer of a guaranteed price contract is more than 90               

                                                                                

14  days delinquent in making any installment payment or partial                

                                                                                

15  payment, or the contract buyer is otherwise in default as to any            

                                                                                

16  other obligation under the contract.  Upon cancellation, the                

                                                                                

17  contract buyer shall receive a refund as determined pursuant to             

                                                                                

18  subsection (1).                                                             

                                                                                

19      (3) After the death of the contract beneficiary, if the                     

                                                                                

20  escrow account established pursuant to a prepaid  funeral                   

                                                                                

21  contract is not used by persons legally entitled to make funeral            

                                                                                

22  or cemetery arrangements, or both, for the contract beneficiary,            

                                                                                

23  the escrow agent shall disburse the principal and income in the             

                                                                                

24  escrow account pursuant to subsection (1) within 30 days after              

                                                                                

25  receipt of a request for payment from the contract seller of a              

                                                                                

26  nonguaranteed price contract, or the provider designated to                 

                                                                                

27  furnish  funeral goods  merchandise or funeral or cemetery                  


                                                                                

1   services pursuant to a guaranteed price contract, or the contract           

                                                                                

2   buyer or the contract buyer's estate.                                       

                                                                                

3       (4) A contract seller or a provider  which  that assigns or                 

                                                                                

4   transfers its obligations under a prepaid  funeral  contract to             

                                                                                

5   another provider shall notify the contract buyer of the                     

                                                                                

6   assignment in writing.  If the contract buyer cancels the                   

                                                                                

7   contract within 30 days of the notification of the assignment,              

                                                                                

8   the buyer shall be entitled to a refund of 100% of the remaining            

                                                                                

9   principal and income plus the commission, if any, charged in                

                                                                                

10  accordance with section 12(1).  An assignment or transfer of a              

                                                                                

11  provider's obligations under a prepaid  funeral  contract  which            

                                                                                

12  that is made in connection with the sale of a business  shall be            

                                                                                

13  is subject to this subsection only if more than 50% of the                  

                                                                                

14  ownership interest in the business is transferred to another                

                                                                                

15  person or persons within a 12-month period.   Nothing in this               

                                                                                

16  Upon sale of the business, the notice requirement of this                   

                                                                                

17  subsection is the responsibility of the purchaser.  This                    

                                                                                

18  subsection  shall  does not apply to an assignment of a financial           

                                                                                

19  interest in an installment contract to a financial institution.             

                                                                                

20  At the time that the contract seller or provider receives payment           

                                                                                

21  in exchange for selling or assigning its financial interest in an           

                                                                                

22  installment contract to a financial institution, the contract               

                                                                                

23  seller or provider shall be required to place in escrow the  full           

                                                                                

24  contract price  amount required by this actExcept as otherwise           

                                                                                

25  provided in section 12b(3), this subsection does not apply to               

                                                                                

26  burial rights or other land interests, crypts, inscribed                    

                                                                                

27  monuments, inscribed markers, or niches, for which no refunds are           


                                                                                

1   available.                                                                  

                                                                                

2       Sec. 14.  (1) Payments of principal and income by a                         

                                                                                

3   depository or an escrow agent made in good faith pursuant to the            

                                                                                

4   terms of this act shall relieve that depository or escrow agent             

                                                                                

5   of any further liability for that principal and income.                     

                                                                                

6       (2) An escrow agent shall invest funds held or managed under                

                                                                                

7   this act only as expressly authorized by this act and shall not             

                                                                                

8   invest funds by purchasing life insurance or annuities the                  

                                                                                

9   proceeds of which are not payable in full until the happening of            

                                                                                

10  some event including, but not limited to, death of the contract             

                                                                                

11  beneficiary.                                                                

                                                                                

12      (3) A provider or an escrow agent may, without approval of                  

                                                                                

13  any other party, change the depository of any escrow account,               

                                                                                

14  with or without cause, at any time.  A contract buyer shall be              

                                                                                

15  notified if the escrow agent or depository is changed.                      

                                                                                

16      Sec. 15.  (1) All prices or quotations of prices contained                  

                                                                                

17  in a prepaid  funeral  contract, offer, or solicitation shall be            

                                                                                

18  stated in compliance with applicable federal and state laws and             

                                                                                

19  regulations.  In addition, a person who offers either  funeral              

                                                                                

20  goods  merchandise or funeral or cemetery services  for sale                

                                                                                

21  before the death of the intended user or contract beneficiary  on           

                                                                                

22  a preneed or at-need basis shall comply with the price disclosure           

                                                                                

23  rules of the federal trade commission, code of federal                      

                                                                                

24  regulations, 16 C.F.R., part 453, whether or not the rules by               

                                                                                

25  their own terms apply to the offering.   Nothing in this  This              

                                                                                

26  subsection  shall  does not apply to the sale of any interest  in           

                                                                                

27  land  covered by the endowment care trust requirements of                   


                                                                                

1   section 35a of Act No. 87 of the Public Acts of 1855, being                

                                                                                

2   section 456.35a of the Michigan Compiled Laws  this act.                    

                                                                                

3       (2) A person who sells or offers to sell both funeral goods                 

                                                                                

4   or services and nonfuneral goods or services as part of the same            

                                                                                

5   transaction or series of transactions shall not manipulate the              

                                                                                

6   relative prices of the goods or services so as to allocate a                

                                                                                

7   disproportionate share of the total price to nonfuneral property            

                                                                                

8   or services.                                                                

                                                                                

9       (3) All prepaid  funeral  contracts shall provide that a                    

                                                                                

10  contract buyer may revoke the prepaid contract within 10 business           

                                                                                

11  days after entering into the prepaid contract and that upon                 

                                                                                

12  revocation, all funds paid to the contract seller or provider               

                                                                                

13  shall be refunded.  This provision shall be conspicuously set               

                                                                                

14  forth in the prepaid contract at a place immediately before the             

                                                                                

15  place where the contract buyer is to sign his or her name.                  

                                                                                

16      (4) A prepaid  funeral  contract shall disclose the contract                

                                                                                

17  buyer's right to cancel the prepaid contract and the amount of              

                                                                                

18  the refund to which the contract buyer or that person's estate is           

                                                                                

19  entitled upon cancellation.  The disclosure shall be stated                 

                                                                                

20  substantially as follows:                                                   

                                                                                

21      "This contract may be canceled either before death or after                 

                                                                                

22  death by the buyer or, if the buyer is deceased, by the person or           

                                                                                

23  persons legally authorized to make funeral or cemetery                      

                                                                                

24  arrangements.  If the contract is canceled, the buyer or the                

                                                                                

25  buyer's estate is entitled to receive a refund of ____% of the              

                                                                                

26  contract price and any income earned from investment of the                 

                                                                                

27  principal less administrative or escrow fees."                              


                                                                                

1   In addition, if a commission is charged pursuant to section 12,             

                                                                                

2   the amount of the commission and the fact that it is a charge               

                                                                                

3   which is in addition to the contract price shall be stated in the           

                                                                                

4   prepaid funeral contract.  If a printed contract form is used,              

                                                                                

5   the disclosures required by this subsection shall be stated in              

                                                                                

6   bold-faced  boldfaced type.                                                

                                                                                

7       (5)  Nothing in this  This act  shall  does not authorize a                 

                                                                                

8   contract seller or provider to perform or offer to perform                  

                                                                                

9   services for which a mortuary science license or funeral                    

                                                                                

10  establishment licensed is required by  sections 1801 to 1812                

                                                                                

11  article 18 of the occupational code,  Act No. 299 of the Public             

                                                                                

12  Acts of 1980, being sections 339.1801 to 339.1812 of the Michigan           

                                                                                

13  Compiled Laws  1980 PA 299, MCL 339.1801 to 339.1812, unless that           

                                                                                

14  person holds the required license or licenses  .  However, this             

                                                                                

15  act shall  and does not  be construed as requiring  require a               

                                                                                

16  contract seller or a provider to possess this license or any                

                                                                                

17  other license to engage in an activity covered under this act for           

                                                                                

18  which a license is not required by any other act.                           

                                                                                

19      (6) A prepaid  funeral  contract shall provide that the                     

                                                                                

20  contract buyer may designate a new contract beneficiary any time            

                                                                                

21  before the death of the contract beneficiary originally specified           

                                                                                

22  in the prepaid  funeral  contract by providing written notice to            

                                                                                

23  the contract seller of a nonguaranteed price contract or the                

                                                                                

24  provider designated to furnish  funeral goods  merchandise or               

                                                                                

25  funeral or cemetery services pursuant to a guaranteed price                 

                                                                                

26  contract.  Notwithstanding any other provisions of law, a                   

                                                                                

27  contract buyer may designate the estate of a deceased person as             


                                                                                

1   the contract beneficiary, or provide that the contract                      

                                                                                

2   beneficiary  shall be  is the first of 2 or more designated                 

                                                                                

3   persons to die.                                                             

                                                                                

4       (7) A prepaid  funeral  contract that is a nonguaranteed                    

                                                                                

5   price contract shall have it indicated clearly on the prepaid               

                                                                                

6   contract that it is a nonguaranteed price contract and that the             

                                                                                

7   actual costs of the  funeral goods and  merchandise or funeral or           

                                                                                

8   cemetery services delivered at the time of death may be greater             

                                                                                

9   or less than the amount of principal and income in the escrow               

                                                                                

10  account, and that the buyer, the buyer's estate, or the person or           

                                                                                

11  persons legally entitled to make funeral or cemetery                        

                                                                                

12  arrangements, or both, are not obligated to purchase specific               

                                                                                

13  goods  merchandise and services which were selected before the             

                                                                                

14  death of the contract beneficiary or to expend a specific amount            

                                                                                

15  on  funeral goods  merchandise or funeral or cemetery services.             

                                                                                

16      Sec. 16.  (1)  All  A prepaid  funeral contracts  contract                  

                                                                                

17  that is not in writing  are  is voidable by any party to the                

                                                                                

18  prepaid contract.                                                           

                                                                                

19      (2) A prepaid  funeral  contract made in violation of this                  

                                                                                

20  act or with a person who is not registered pursuant to section 6            

                                                                                

21  shall be  is voidable by the contract buyer or by a personal               

                                                                                

22  representative of the contract beneficiary.                                 

                                                                                

23      (3) The parties to a prepaid  funeral  contract may agree in                

                                                                                

24  writing for the payment of a rate of interest not to exceed 10.5%           

                                                                                

25  per annum with the following conditions:                                    

                                                                                

26      (a) A prepaid  funeral  contract made under this act shall                  

                                                                                

27  not provide for a rate of interest added or deducted in advance.            


                                                                                

1   Interest shall be computed from time to time only on the basis of           

                                                                                

2   unpaid balances.                                                            

                                                                                

3       (b) A prepaid  funeral  contract made under this act shall                  

                                                                                

4   not provide that the rate of interest initially effective may be            

                                                                                

5   increased for any reason.                                                   

                                                                                

6       (c) A contract seller shall not impose any fees or charges in               

                                                                                

7   addition to interest in connection with the financing of a                  

                                                                                

8   prepaid  funeral  contract.                                                 

                                                                                

9       (4) A contract seller shall not offer financing or offer to                 

                                                                                

10  obtain financing of a prepaid  funeral  contract under terms and            

                                                                                

11  conditions other than allowed by this section.                              

                                                                                

12      Sec. 18.  (1) Notwithstanding any other law to the contrary,                

                                                                                

13  a  contract seller, provider, agent, employee, or person acting             

                                                                                

14  on behalf of a contract seller or provider,  person selling or              

                                                                                

15  offering to sell merchandise or funeral or cemetery services,               

                                                                                

16  whether a registrant or not, shall not do any of the following:             

                                                                                

17      (a) Solicit a specific person for the purpose of providing                  

                                                                                

18  funeral goods  merchandise or funeral or cemetery services for a           

                                                                                

19  prospective contract beneficiary knowing that the death of the              

                                                                                

20  prospective contract beneficiary has already occurred or is                 

                                                                                

21  probably imminent.                                                          

                                                                                

22      (b) Make a false or misleading statement, oral or written,                  

                                                                                

23  regarding the sale of  funeral goods  merchandise or funeral or             

                                                                                

24  cemetery services pursuant to a prepaid  funeral  contract or               

                                                                                

25  regarding the rights or obligations of any party or prospective             

                                                                                

26  party to a prepaid  funeral  contract for the purpose of inducing           

                                                                                

27  a person to purchase the  funeral goods  merchandise or funeral             


                                                                                

1   or cemetery services or a prepaid  funeral  contract.                       

                                                                                

2       (c) Advertise or offer  funeral goods  merchandise or funeral               

                                                                                

3   or cemetery services for sale before the death of a prospective             

                                                                                

4   contract beneficiary in a manner which is false, misleading,                

                                                                                

5   deceptive, or unfair.                                                       

                                                                                

6       (d) Fail to refund principal or principal and income paid for               

                                                                                

7   a prepaid  funeral  contract in violation of this act.                      

                                                                                

8       (e) Engage in door-to-door canvassing at a private residence                

                                                                                

9   for the purpose of selling merchandise or funeral or cemetery               

                                                                                

10  services without advance written consent of the occupants.                  

                                                                                

11      (f) Refuse the use of merchandise bought from another vendor                

                                                                                

12  or discriminate by price, burial fee, or otherwise for not                  

                                                                                

13  purchasing merchandise from or under the direction of the funeral           

                                                                                

14  establishment or cemetery.                                                  

                                                                                

15      (g) Require the purchase of a cemetery burial vault or other                

                                                                                

16  outside container from a particular person as a condition to                

                                                                                

17  burial in a cemetery in this state.  However, this subsection               

                                                                                

18  does not limit the right of a cemetery to require the use of a              

                                                                                

19  crematory burial vault or other outside container.                          

                                                                                

20      (h)  (e)  Violate this act or rules promulgated under this                  

                                                                                

21  act.                                                                        

                                                                                

22      (2)  Further, a  A registrant or a person acting on behalf of               

                                                                                

23  a registrant, including an agent or employee of a registrant,               

                                                                                

24  shall not do any of the following:                                          

                                                                                

25      (a) Practice fraud, or deception in obtaining registration.                 

                                                                                

26      (b) Refuse to disclose books and records required to be                     

                                                                                

27  maintained and disclosed under this act.                                    


                                                                                

1       (3) The director of the department may promulgate rules                     

                                                                                

2   regulating the solicitation of prepaid  funeral  contracts by               

                                                                                

3   registrants to protect against solicitations which are                      

                                                                                

4   intimidating, vexatious, fraudulent, or misleading  ,  or which             

                                                                                

5   take unfair advantage of a person's ignorance or emotional                  

                                                                                

6   vulnerability.                                                              

                                                                                

7       (4) Any administrative action brought under this act shall be               

                                                                                

8   handled pursuant to  in compliance with the administrative                 

                                                                                

9   procedures act of 1969,  Act No. 306 of the Public Acts of 1969,            

                                                                                

10  being sections 24.201 to 24.328 of the Michigan Compiled laws               

                                                                                

11  1969 PA 306, MCL 24.201 to 24.328.                                          

                                                                                

12      Sec. 19.  (1) A prepaid  funeral  contract may be made with                 

                                                                                

13  an applicant for or recipient of assistance under the social                

                                                                                

14  welfare act, 1939 PA 280, MCL 400.1 to 400.119b, or a patient or            

                                                                                

15  a legal guardian of a patient in a community health care facility           

                                                                                

16  under the jurisdiction of the department of community health.  If           

                                                                                

17  the family independence agency or department of community health            

                                                                                

18  determines that the contract is a fully paid guaranteed price               

                                                                                

19  contract,  which when added to  and that the proceeds of the                

                                                                                

20  contract and the amount of  a  any death benefit from an                    

                                                                                

21  insurance policy or annuity contract  , the proceeds of which               

                                                                                

22  have  that has been assigned pursuant to section 2080(6) of the            

                                                                                

23  insurance code of 1956, 1956 PA 218, MCL 500.2080, as payment for           

                                                                                

24  funeral goods  merchandise or funeral or cemetery services for             

                                                                                

25  the contract beneficiary  that  are not more than that amount               

                                                                                

26  allowed under section 2080(6)(g) of the insurance code of 1956,             

                                                                                

27  1956 PA 218, MCL 500.2080, plus $2,000.00, exclusive of income,             


                                                                                

1   and that the state will not be liable for the  funeral goods                

                                                                                

2   merchandise or funeral or cemetery services, excluding an outside           

                                                                                

3   receptacle when required by the chosen cemetery, of the applicant           

                                                                                

4   for or recipient of assistance or patient allowable under                   

                                                                                

5   contracts under this act, the prepaid  funeral  contract shall be           

                                                                                

6   made irrevocable a the request of the applicant for or recipient            

                                                                                

7   of assistance, or the patient or a legal guardian of a patient.             

                                                                                

8   Nothing in this section shall be construed as increasing the                

                                                                                

9   amount of excludable burial assets for family independence agency           

                                                                                

10  or medicaid program eligibility above that allowed under existing           

                                                                                

11  family independence agency standards, including any increases               

                                                                                

12  therein  in those standards.  The family independence agency or            

                                                                                

13  department of community health shall advise the applicant for or            

                                                                                

14  recipient of assistance, or the patient or a legal guardian of a            

                                                                                

15  patient that additional  funeral goods  merchandise or funeral or           

                                                                                

16  cemetery services subject to contract under this act will not be            

                                                                                

17  paid by the family independence agency or department of community           

                                                                                

18  health but shall not specify or require approval of particular              

                                                                                

19  funeral goods  merchandise or funeral or cemetery services                 

                                                                                

20  selected by the applicant for or recipient of assistance, or                

                                                                                

21  patient or a legal guardian of a patient.                                   

                                                                                

22      (2) A prepaid  funeral  contract approved by the family                     

                                                                                

23  independence agency or department of community health shall not             

                                                                                

24  be revoked or canceled by the contract seller, contract provider,           

                                                                                

25  contract buyer, or their successors, or the estate of the                   

                                                                                

26  contract beneficiary either before or after the death of the                

                                                                                

27  contract beneficiary.  This subsection does not prevent those               


                                                                                

1   legally entitled to make arrangements for a contract beneficiary            

                                                                                

2   from reallocating the amount paid under the prepaid contract to             

                                                                                

3   different funeral or cemetery services and  funeral goods                   

                                                                                

4   merchandise.  A contract seller or provider shall assign an                 

                                                                                

5   irrevocable prepaid  funeral  contract to another provider upon             

                                                                                

6   the written request of the contract beneficiary, his or her                 

                                                                                

7   successor, or those legally entitled to make arrangements for the           

                                                                                

8   contract beneficiary so long as the written request is received             

                                                                                

9   before a provider's obligations have been performed.  An                    

                                                                                

10  irrevocable contract shall not be considered in determining the             

                                                                                

11  eligibility of an applicant or recipient for assistance given               

                                                                                

12  under the social welfare act, 1939 PA 280, MCL 400.1 to                     

                                                                                

13  400.119b.  An irrevocable prepaid  funeral  contract made under             

                                                                                

14  this section is not subject to the cancellation provision of                

                                                                                

15  section 13 or to the provisions of section  15(5)  15(6).                   

                                                                                

16      (3) Notwithstanding any other provisions of this act, funds                 

                                                                                

17  paid in connection with an irrevocable prepaid  funeral  contract           

                                                                                

18  may, at the option of the provider, be held and deposited in the            

                                                                                

19  manner prescribed for a nonguaranteed price contract.                       

                                                                                

20      (4) The family independence agency and department of                        

                                                                                

21  community health may promulgate rules under the administrative              

                                                                                

22  procedures act of 1969, 1969 PA 306, MCL 24.201 to 24.328, to               

                                                                                

23  provide for the uniform administration of this section.                     

                                                                                

24      Sec. 20.  (1) Upon complaint made by any person, or upon its                

                                                                                

25  own initiative, the department may investigate alleged violations           

                                                                                

26  of this act or rules promulgated under this act by a registrant             

                                                                                

27  or any other person.  The department may examine books, records,            


                                                                                

1   contracts, and other documents in possession of or under the                

                                                                                

2   control of any registrant with or without the consent of that               

                                                                                

3   registrant and with or without a warrant authorizing the                    

                                                                                

4   examination, or of any other person if that person consents to an           

                                                                                

5   examination or if the department obtains a warrant authorizing an           

                                                                                

6   examination.  If the department determines that reasonable cause            

                                                                                

7   exists to believe that a violation has occurred, it shall do 1 of           

                                                                                

8   the following:                                                              

                                                                                

9       (a) If the alleged violation was committed by a person other                

                                                                                

10  than a registrant, the department shall refer the matter to the             

                                                                                

11  attorney general or a prosecuting attorney for criminal or civil            

                                                                                

12  action as provided in sections 23 and 24.                                   

                                                                                

13      (b) If the alleged violation was committed by a registrant,                 

                                                                                

14  the department shall do either of the following:                            

                                                                                

15                                                                               (i) Refer the matter to the attorney general for civil or                           

                                                                                

16  criminal prosecution or enforcement.                                        

                                                                                

17      (ii) Institute proceedings in compliance with the                            

                                                                                

18  administrative procedures act of 1969,  Act No. 306 of the Public           

                                                                                

19  Acts of 1969, being sections 24.201 to 24.328 of the Michigan               

                                                                                

20  Compiled Laws  1969 PA 306, MCL 24.201 to 24.328.                           

                                                                                

21      (2) If, after a hearing, the department determines that a                   

                                                                                

22  registrant has violated the provisions of this act or any rule              

                                                                                

23  promulgated pursuant to this act, the department shall do 1 or              

                                                                                

24  more of the following:                                                      

                                                                                

25      (a) Suspend or revoke the registration.                                     

                                                                                

26      (b) Impose a civil fine not to exceed $5,000.00 for each                    

                                                                                

27  violation and may suspend the registration until the fine is                


                                                                                

1   paid.                                                                       

                                                                                

2       (c) Require restitution of funds paid pursuant to a prepaid                 

                                                                                

3   funeral  contract.  and restitution  Restitution may include               

                                                                                

4   suspending the registration until restitution is made.                      

                                                                                

5       (d) Impose a period of probation during which the registrant                

                                                                                

6   is required to comply with additional conditions imposed by the             

                                                                                

7   department in lieu of or in addition to the imposition of other             

                                                                                

8   penalties provided under this act.                                          

                                                                                

9       (e) Impose restrictions upon the registrant's prepaid                       

                                                                                

10  funeral  business activities which require additional                      

                                                                                

11  accountability to the department.                                           

                                                                                

12      (f) Issue a written warning to the registrant.                              

                                                                                

13      Sec. 21.  A violation of this act by a person who is                        

                                                                                

14  licensed  pursuant to  under article 18 of the occupational code,           

                                                                                

15  Act No. 299 of the Public Acts of 1980, being sections 339.1801            

                                                                                

16  to 339.1812 of the Michigan Compiled Laws  1980 PA 299,                     

                                                                                

17  MCL 339.1801 to 339.1812, or the cemetery regulation act,  Act              

                                                                                

18  No. 251 of the Public Acts of 1968, being sections 456.521 to               

                                                                                

19  456.543 of the Michigan Compiled Laws, shall also constitute                

                                                                                

20  1968 PA 251, MCL 456.521 to 456.543, is considered a violation of           

                                                                                

21  the respective licensing act, and the violator  shall be  is                

                                                                                

22  subject to penalties available under those acts.                            

                                                                                

23      Sec. 22.  (1) A person who converts funds paid pursuant to a                

                                                                                

24  prepaid  funeral  contract to his or her own use or benefit  ,              

                                                                                

25  other than as authorized by this act  , shall be  or who fails to           

                                                                                

26  escrow or trust funds according to this act is guilty of a felony           

                                                                                

27  ,  punishable by a fine of $5,000.00  ,  or imprisonment of not            


                                                                                

1   more than 5 years, or both, for each violation.                             

                                                                                

2       (2) A person who violates any other provision of this act                   

                                                                                

3   shall be  is guilty of a misdemeanor  ,  punishable by a fine of           

                                                                                

4   not more than $1,000.00  ,  or imprisonment for not more than 1             

                                                                                

5   year, or both, for each violation.                                          

                                                                                

6       Sec. 23.  If the department determines that a registrant has                

                                                                                

7   not complied with the investment and depositing requirements of             

                                                                                

8   this act and that insufficient funds are available in trust or              

                                                                                

9   escrow accounts to meet the obligations of prepaid  funeral                 

                                                                                

10  contracts, the department may petition the circuit court of the             

                                                                                

11  county of the registrant's principal place of business or the               

                                                                                

12  county of Ingham for appointment of a receiver.  After notice to            

                                                                                

13  the registrant and a hearing and upon its concurrence in the                

                                                                                

14  findings of the department, the court shall appoint a qualified             

                                                                                

15  person as a receiver.  who shall, under conditions as may be                

                                                                                

16  prescribed by the court, take into possession the assets of the             

                                                                                

17  registrant for the purpose of liquidation.  In the order of                 

                                                                                

18  liquidation, the court shall make provision for notice to                   

                                                                                

19  creditors, filing of claims, and all other details necessary for            

                                                                                

20  an estate in receivership.  A receiver appointed under this                 

                                                                                

21  section has all the powers, authority, and remedies of an                   

                                                                                

22  assignee for the benefit of creditors under chapter 52 of the               

                                                                                

23  revised judicature act of 1961, 1961 PA 236, MCL 600.5201 to                

                                                                                

24  600.5265. Any remaining funds held in escrow pursuant to this act           

                                                                                

25  shall be regarded as belonging to contract buyers or contract               

                                                                                

26  beneficiaries according to their interests and shall be                     

                                                                                

27  distributed to these entities pro rata on the basis of the amount           


                                                                                

1   of funds paid by the contract buyers and shall not be available             

                                                                                

2   to general creditors of the estate.  Under appropriate                      

                                                                                

3   circumstances, the receiver may file for protection under the               

                                                                                

4   bankruptcy code.                                                            

                                                                                

5       Sec. 24.  The department or any other person, in order to                   

                                                                                

6   force compliance with this act, may bring an action in a circuit            

                                                                                

7   court in any county in which the registrant or any other person             

                                                                                

8   has solicited or sold prepaid  funeral  contracts, whether or not           

                                                                                

9   that person has purchased a prepaid  funeral  contract or is                

                                                                                

10  personally aggrieved by a violation of this act.  The court may             

                                                                                

11  award damages,  and  issue equitable orders in accordance with              

                                                                                

12  the Michigan court rules to restrain conduct in violation of this           

                                                                                

13  act, and award reasonable attorney fees and costs to a prevailing           

                                                                                

14  party.                                                                      

                                                                                

15      Enacting section 1.  This amendatory act does not take                      

                                                                                

16  effect unless Senate Bill No. 513                                           

                                                                                

17                             of the 92nd Legislature is enacted               

                                                                                

18  into law.