Bill
Bill > S05445
NY S05445
Requires registration of new automotive broker businesses; enacts various provisions relating to conduct of such businesses; defines certain deceptive practices; establishes rights of action and penalties.
summary
Introduced
03/06/2023
03/06/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the general business law and the vehicle and traffic law, in relation to designating new automotive broker businesses
AI Summary
This bill:
Requires new automotive broker businesses to register with the state and comply with various provisions governing their conduct, including prohibiting them from representing or accepting payment from motor vehicle dealers, and requiring them to disclose their services, fees, and duties to consumers and dealers. The bill also establishes rights of action and penalties for violations, such as fines and the ability for private parties to bring lawsuits. Additionally, the bill imposes certain recordkeeping and security requirements on automotive broker businesses and places restrictions on their advertising and marketing practices, aiming to prevent deceptive or fraudulent conduct.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
REFERRED TO CONSUMER PROTECTION (on 01/03/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S5445 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S05445&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05445 |
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