Bill > H373

This bill amends Chapter 93B of the Massachusetts General Laws, which governs motor vehicle dealers, to add a new provision protecting consumer rights in vehicle financing. Specifically, the bill prohibits motor vehicle dealers from preventing or restricting a vehicle purchaser from obtaining financing from a source other than the dealer itself. This means that car dealerships cannot force customers to use only their preferred financing options or block customers from seeking more competitive loan terms from banks, credit unions, or other financial institutions. By adding this clause, the bill aims to increase consumer choice and potentially save buyers money by allowing them to shop around for the most favorable financing terms when purchasing a motor vehicle. The changes are relatively technical, involving minor modifications to the existing legal language to insert the new consumer protection provision.

Labor and Employment

https://malegislature.gov/Bills/194/H373