Bill
Bill > A04887
NY A04887
NY A04887Relates to leased vehicle protections; provides that every lease shall itemize and set forth in detail all costs required to be paid by the lessee or purchaser of the rental vehicle upon termination of such lease.
summary
Introduced
02/10/2025
02/10/2025
In Committee
01/07/2026
01/07/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the general business law, in relation to lease vehicle protections
AI Summary
This bill amends the New York General Business Law to enhance consumer protections for vehicle leases by requiring that every vehicle lease document must provide a detailed, itemized list of all costs that the lessee (the person leasing the vehicle) or purchaser will be responsible for paying when the lease terminates. The new provision mandates transparency in lease agreements, ensuring that lessees are fully aware of potential end-of-lease expenses before entering into the agreement. By requiring comprehensive cost disclosure upfront, the bill aims to prevent unexpected financial obligations and help consumers make more informed decisions when leasing vehicles. The bill will take effect 30 days after becoming law, and the new provision will be added as subdivision 17 to section 396-z of the General Business Law.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
referred to consumer affairs and protection (on 01/07/2026)
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/2025/A4887 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A04887&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A04887 |
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