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Office of the Revisor of Statutes

SF 2361 Senate Long Description

Relating to motor vehicle sales; enacting a car buyers bill of rights; defining regulation Z; modifying provisions relating to the retail installment contract to include the amount of consideration the retail seller will receive from any assignee or buyer; requiring retail sellers to provide prior to the sale or lease of the motor vehicle, the credit scores of the buyer, specifying form and content; requiring retail sellers or agents to offer written offers for vehicles traded in, prohibiting oral offers; specifying written offers terms and conditions; requiring certain disclosures from motor vehicle sellers relating to damage or defects, material history, prior use and title brands; requiring a contract cancellation option; providing for a limitation on action for warranty claims
(ra)