Bill > S95

This bill, concerning document preparation fees for motor vehicle sales, amends Chapter 255B of the General Laws to establish a limit on the fees that motor vehicle dealers can charge consumers for preparing and processing sales and financing documents. Specifically, it introduces a "Document Preparation Service Fee," which is defined to encompass all costs associated with preparing sales contracts, financing applications, vehicle certificates, and title or registration documents. This fee, in addition to any finance charge, cannot exceed $75.00 and must not be presented by the dealer as a mandatory governmental fee.