Strengthens consumer protections for preneed funeral contracts: caps cancellation fees at 10%, requires 30-day full-refund window, and mandates trust fund disclosure on annual statements.
Legislative status
This bill reshapes preneed funeral contracts in the consumer’s favor. It caps what a funeral home can keep when a family cancels at 10%, forces a 30-day full-refund window, and requires trust fund balances to appear on annual statements. Operators relying on preneed cancellation revenue will need to adjust.
Key provisions
What this means for operators
Funeral homes lose the ability to retain large cancellation fees and must improve trust fund reporting. Operators with conservative preneed practices are largely unaffected; aggressive preneed sellers face the biggest adjustment.
313 verified professionals have weighed in
Casting a position requires a verified professional account.
Verify your license to cast a position →19d ago
SB 1017 is the most significant preneed legislation Michigan has seen in 20 years. The 30-day full-refund window is a big consumer win, but the 10% cancellation cap may actually hurt smaller funeral homes more than large chains — we should be advocating for a sliding scale based on services already delivered.