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Bill > A00441


NY A00441

NY A00441
Increases the notice of cancellation requirements for automobile broker businesses.


summary

Introduced
01/08/2025
In Committee
01/28/2025
Crossed Over
02/11/2025
Passed
02/12/2025
Dead
Signed/Enacted/Adopted
02/14/2025

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the general business law, in relation to increasing the notice of cancellation requirements for automobile broker businesses

AI Summary

This bill modifies the notice of cancellation requirements for automobile broker businesses by expanding consumer rights and cancellation options. Specifically, the bill allows consumers to cancel a contract within three days of receiving an executed contract or until the automobile is delivered, whichever is sooner. If the automobile is not delivered within 30 days of the estimated delivery date, consumers can cancel the contract and receive a full refund, unless the delay is attributable to the consumer. The bill also updates language regarding affiliation restrictions, clarifying that an automobile broker business cannot be affiliated with dealers, motor vehicle franchisors, manufacturers, or distributors as defined in specific sections of the vehicle and traffic law. The changes aim to provide more consumer protection by offering clearer cancellation rights and ensuring greater transparency about the relationship between automobile broker businesses and other automotive industry entities. The bill will take effect simultaneously with another related legislative bill amending automotive business regulations.

Committee Categories

Business and Industry, Housing and Urban Affairs

Sponsors (1)

Last Action

signed chap.19 (on 02/14/2025)

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