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Bill > H297

MA H297

Relative to the financing of motor vehicle purchases

summary

Introduced
02/16/2023
In Committee
02/16/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

193rd General Court

Bill Summary

Relative to the financing of motor vehicle purchases. Consumer Protection and Professional Licensure.

AI Summary

This bill aims to amend the existing Chapter 93B of the Massachusetts General Laws, which regulates the sale and distribution of motor vehicles. The key provisions of this bill are: 1. Striking out the word "or" from a specific line in Section 4 of Chapter 93B. 2. Replacing the word "withheld." with "withheld; or." in a specific line in Section 4 of Chapter 93B. 3. Adding a new clause (4) to Subsection d of Section 4 of Chapter 93B, which would prohibit a purchaser of a motor vehicle from securing financing for the purchase from a source other than the motor vehicle dealer. The overall purpose of the bill is to make changes to the existing laws governing the financing of motor vehicle purchases in Massachusetts.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

Accompanied a study order, see H4680 (on 05/30/2024)
(2 Companion Bills)

bill text

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bill summary

Document Type Source Location
State Bill Page https://malegislature.gov/Bills/193/H297
BillText https://malegislature.gov/Bills/193/H297.pdf
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