Bill Title: 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.

Spectrum: Partisan Bill (Democrat 12-0)

Status: (Introduced - Dead) 2012-01-04 - referred to consumer affairs and protection [A08438 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Assemblymember Jeffrey Dinowitz [D]	Primary	Sponsored Bills	HD-081	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember James Brennan [D]	Primary	Sponsored Bills	SD-036	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Barbara Clark [D]	Primary	Sponsored Bills	HD-033	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Herman Farrell [D]	Primary	Sponsored Bills	HD-071	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Deborah Glick [D]	Primary	Sponsored Bills	HD-066	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Richard Gottfried [D]	Primary	Sponsored Bills	HD-075	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Earlene Hooper [D]	Primary	Sponsored Bills	HD-052	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Rhoda Jacobs [D]	Primary	Sponsored Bills	HD-042	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember William Magee [D]	Primary	Sponsored Bills	HD-121	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Joan Millman [D]	Primary	Sponsored Bills	HD-052	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Felix Ortiz [D]	Primary	Sponsored Bills	HD-051	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Helene Weinstein [D]	Primary	Sponsored Bills	HD-041	FollowTheMoney	Ballotpedia	VoteSmart

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