Bill > H3779

This bill addresses motor vehicle leasing regulations in Massachusetts by introducing several key provisions to protect consumers and ensure fair practices. The bill expands existing laws to provide similar protections for vehicle lessees as those currently available for vehicle buyers, including the ability to void a lease within seven days if the vehicle fails a safety inspection and the repair costs exceed 10% of the total lease payments. It defines important terms like "lessee" as someone who acquires the right to possess and use a motor vehicle under a lease agreement for at least one year. The bill also introduces new requirements for dealers, such as prohibiting them from assessing a vehicle's lease value higher than its advertised purchase price, and mandates that lessors comply with federal Consumer Leasing Act regulations. Additionally, the bill establishes more detailed rules about default notices, repossession procedures, and consumer rights in lease transactions, including providing consumers with specific notification rights and opportunities to cure defaults before legal action can be taken. The legislation aims to create more transparency and fairness in motor vehicle leasing by extending consumer protections and standardizing lease-related practices across the state.

Budget and Finance, Transportation and Infrastructure

https://malegislature.gov/Bills/194/H3779