{"data":{"id":"us-mi/mich.-comp.-laws-554.955","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 554.955","heading":"Offer or sale of continuing care agreement; prohibited acts.","body":"Sec. 55.\n\n(1) A person shall not, in connection with the offer or sale of a continuing care agreement, directly or indirectly do any of the following:\n\n(a) Employ a device, scheme, or artifice to defraud.\n\n(b) Engage in an act, practice, or course of business which operates or would operate as a fraud or deceit.\n\n(c) Make an untrue statement of a material fact or fail to state a material fact necessary in order to make the statements made not misleading, in the light of the circumstances under which they are made, including an untrue statement of a material fact or failure to state a material fact in any application, notice, or report filed with the department under this act.\n\n(d) Fail to notify the department of a reportable change as required by section 33.\n\n(e) Publish any advertisement or marketing communication that contains false, fraudulent, misleading, or deceptive information. This subdivision does not apply to a person that publishes an advertisement or marketing communication on behalf of a continuing care community and is not affiliated with the continuing care community.\n\n(2) Each of the following practices constitutes a false, fraudulent, misleading, or deceptive advertising or marketing communication for purposes of subsection (1)(e):\n\n(a) A statement or inference that the purchase of a membership in a continuing care community is a safe investment.\n\n(b) A statement or inference that a continuing care community is affiliated with a religious, nonprofit, or proprietary organization if it is not so affiliated.\n\n(c) A material misrepresentation of services, care, or amenities, provided or to be provided by a continuing care community.","path":["MI Code","Chapter 554","Act Act-448-of-2014"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-554-955","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"81a7db0d42ba4263d1ad843798847e0f60ba7c32a359cfb2ae61e3c7921979f6","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-554.951","next":"us-mi/mich.-comp.-laws-554.957"},"notice":"GroundRules: Original legal text. Not legal advice."}