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S05490 Summary:
BILL NO | S05490A |
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SAME AS | SAME AS A07866 |
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SPONSOR | SAVINO |
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COSPNSR | HAMILTON, KLEIN |
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MLTSPNSR | |
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Amd S301, Fin Serv L; amd S302, Pers Prop L; add SS417-c & 417-d, V & T L | |
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Authorizes the superintendent of financial services to oversee and regulate car dealer transactions with consumers; requires motor vehicle retail installment contracts to include an itemized listing of all costs related to the purchase of a motor vehicle and disclosure of the prohibition of conditional delivery; requires motor vehicle dealers to provide credit applicants with copies of all credit application documents; prohibits the conditional delivery of a motor vehicle. |