New York Assembly Bill 8438 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 12-0)
Status: Introduced on June 15 2011 - 25% progression, died in committee
Action: 2012-01-04 - referred to consumer affairs and protection
Pending: Assembly Consumer Affairs and Protection Committee
Text: Latest bill text (Introduced) [HTML]

Conforms state law to recent federal changes pertaining to motor vehicle retail leasing to enhance consumer protection; provides for additional disclosures regarding terms and conditions, fees, etc.; provides for a three day cooling off period for leases and for the purchase of new and used vehicles; discourages leasing companies from charging termination fees by allowing those lessors who do not charge such a fee to dispose of the vehicle immediately after coming to a mutually agreed upon final payment by the consumer; waives the requirement that a lessor retain the vehicle in order to give the consumer an opportunity to dispute excessive wear and use charges.

Conforms state law to recent federal changes pertaining to motor vehicle retail leasing to enhance consumer protection; provides for additional disclosures regarding terms and conditions, fees, etc.; provides for a three day cooling off period for leases and for the purchase of new and used vehicles; discourages leasing companies from charging termination fees by allowing those lessors who do not charge such a fee to dispose of the vehicle immediately after coming to a mutually agreed upon final payment by the consumer; waives the requirement that a lessor retain the vehicle in order to give the consumer an opportunity to dispute excessive wear and use charges.

Asm. Jeffrey Dinowitz [D]	Asm. James Brennan [D]	Asm. Barbara Clark [D]	Asm. Herman Farrell [D]
Asm. Deborah Glick [D]	Asm. Richard Gottfried [D]	Asm. Earlene Hooper [D]	Asm. Rhoda Jacobs [D]
Asm. William Magee [D]	Asm. Joan Millman [D]	Asm. Felix Ortiz [D]	Asm. Helene Weinstein [D]

Date	Chamber	Action
2012-01-04	Assembly	referred to consumer affairs and protection
2011-06-15	Assembly	referred to consumer affairs and protection

Type	Source
Summary	https://assembly.state.ny.us/leg/?default_fld=&bn=A08438&term=2011&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A08438&term=2011&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A08438