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Business and Commerce - New Laws 2012        or Return to 2012 New Laws

Dayton signs real estate law
A new law exempts real estate brokers from legal responsibility for management of properties in which they have an ownership.

HF2152/SF1739/CH134 (view full story)

Derivative transactions authorized
Derivative transactions will be allowed at state chartered banks

SF1735/HF2227/CH142 (view full story)

Travel insurance gets new definitions
To adapt to the changing modes of travel and traveler expectations, changes need to be made to state statute regarding travel insurance.

SF2069/HF2544/CH157 (view full story)

Health care term confusion
A new law clarifies the definition of “health plan company.”

SF1793/HF1998/CH160 (view full story)

Insurance for farm homes clarified
A new law will make changes to current law as it relates to insuring farm homes through combination policies.

SF1934/HF2342/CH162 (view full story)

Automated dispensing expands
More nursing homes will be able to distribute medications to their residents using an automated dispensing system designed to deter pharmaceutical waste and save money.

SF2173/HF2626/CH166 (view full story)

New window washer requirements
New window cleaning safety measures are now part of codes for buildings at least four stories tall.

SF1964/HF2263/CH182 (view full story)

Collection agency licensure amended
A new law bans those who have been convicted of identity theft from being eligible for collector registration.

HF2335/SF1888/CH225 (view full story)

Protection against coercion
Anyone who thinks they have been coerced into purchasing a home improvement product or service from a door-to-door sales agent will have three days to cancel or request a return of payment or goods without penalty.

HF2173/SF2067/CH234 (view full story)

Contract preference expansion
A transportation construction bid program that allows up to a 6 percent preference for bids by small businesses will expand.

SF1597/HF1821/CH254 (view full story)

Business solicitation restriction
Licensed health care providers will be prohibited, in certain circumstances, from using third parties to solicit business.

SF2342/HF2749/CH255 (view full story)

Portable electronic device insurance
Legislation regulating insurance on portable electronic devices receives clarification by a new law.

HF2638/SF2310/CH259 (view full story)

Licensure clarification for closers
Some misplaced cross references in law significantly changed which entities would be exempted from licensure as a real estate broker when acting as a closing agent.

HF2705/SF2340/CH260 (view full story)

Licensing for satellite installers
Those who install satellite systems at customers’ homes will find themselves going through a separate licensing process beginning Oct. 1, 2012.

SF2324/HF2732/CH262 (view full story)

Salvage title requirements
Greater clarity and simplification in the administration of salvage title and damage disclosure is the goal of a new law.

HF2136/SF1734/CH267 (view full story)

Demolition loans, ombudsman office
Local governments will be able to apply for state loans to demolish old buildings and make way for redevelopment.

HF1721/SF1441/CH288 (view full story)

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