•  Summary 
  •  
  •  Actions 
  •  
  •  Committee Votes 
  •  
  •  Floor Votes 
  •  
  •  Memo 
  •  
  •  Text 

A10081 Summary:

BILL NOA10081
 
SAME ASSAME AS S06623
 
SPONSORAbbate
 
COSPNSR
 
MLTSPNSR
 
Amd 743, Gen Bus L
 
Relates to increasing penalties for deceptive trade practices and unlawful acts by an automobile broker business.
Go to top

A10081 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A10081
 
SPONSOR: Abbate
  TITLE OF BILL: An act to amend the general business law, in relation to increasing penalties for deceptive trade practices and unlawful acts by an automobile broker business   PURPOSE OR GENERAL IDEA OF BILL: This bill would increase the civil penalty imposed on automobile broker businesses who are found by the court to be in violation of article 35-b of the general business law.   SUMMARY OF SPECIFIC PROVISIONS: Section one: Increases the maximum penalty on automobile broker busi- nesses in violation of article 35-b of the general business law from $1000 to $3000, and establishes $1000 as a minimum for such a penalty. Section two: Effective date.   JUSTIFICATION: The law that established a maximum penalty of $1000 for automobile broker businesses in violation of article 35-b of the general business law was written in 1988 and has not been amended since then. Given the rates of inflation over the past few decades, an increase in this penal- ty is logical. However, inflation does not account for the entire increase. This bill would encourage automobile broker businesses to comply with existing laws-including those regarding contracts, advance payments, deceptive acts, advertising, and recovery of damages.   FISCAL IMPLICATIONS: None.   EFFECTIVE DATE: This act shall take effect on the ninetieth day after it shall have become a law.
Go to top