Bill > S2344

This bill aims to establish parity between the laws governing the sale and leasing of motor vehicles in Massachusetts. The key provisions of the bill are: 1. It amends existing law to allow lessees, like buyers, to void a motor vehicle lease within 7 days if the vehicle fails a state inspection and the cost of necessary repairs exceeds 10% of the total lease payments. 2. It defines key terms related to motor vehicle leases, such as "lessee," "dealer," and "used motor vehicle," and extends certain consumer protections in existing law to cover leases in addition to sales. 3. It requires motor vehicle dealers to assess the value of a leased vehicle at no more than the dealer's advertised purchase price for that vehicle, prohibiting inflated lease prices. 4. It directs the state to adopt regulations consistent with the federal Consumer Leasing Act to ensure lessees receive proper disclosures and protections. 5. It increases remedies available to consumers who are victims of fraud or deceit in motor vehicle sales or leases. Overall, the bill aims to align the legal treatment of motor vehicle leases with existing protections for motor vehicle purchases, establishing greater parity between these two common consumer transactions.

Transportation and Infrastructure

https://malegislature.gov/Bills/192/S2344