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  • NJ A2495
  • Allows termination of motor vehicle lease in event of death; prohibits imposition of fee for early termination.
Introduced
(2/4/2016)
In Committee
(9/8/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill allows a motor vehicle lease to be terminated upon the death of the lessee and prohibits a dealer or lessor from imposing or assessing any fee for the early termination of a vehicle lease in the event of a lessee's death. The bill prohibits a lease from requiring, in the event of a lessee's death, that the decedent's surviving spouse, family member, guardian, or estate administrator or executor: purchase the leased motor vehicle; buy out the remainder of the lease; or continue to lease the motor vehicle under the original terms of the lease. A surviving spouse, family member, guardian, or estate administrator or executor would need to provide a death certificate, or other proof satisfactory, to the dealer or lessor within 60 days after the death of the decedent.
2nd Reading in the Assembly
Reported out of Assembly Comm. with Amendments, 2nd Reading  (on 9/8/2016)
 
 

Date Chamber Action Description
9/8/2016 A Reported out of Assembly Comm. with Amendments, 2nd Reading
9/8/2016 Assembly Consumer Affairs Hearing (10:00 9/8/2016 Committee Room 13, 4th Floor)
2/4/2016 A Introduced, Referred to Assembly Consumer Affairs Committee
Date Motion Yea Nay Other
Detail 9/8/2016 Assembly Consumer Affairs Committee: Reported with Amendments 4 0 0