A04887 Summary:
| BILL NO | A04887 |
| SAME AS | No Same As |
| SPONSOR | Pretlow |
| COSPNSR | |
| MLTSPNSR | |
| Amd §396-z, Gen Bus L | |
| Relates 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. | |
A04887 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 4887 2025-2026 Regular Sessions IN ASSEMBLY February 10, 2025 ___________ Introduced by M. of A. PRETLOW -- read once and referred to the Commit- tee on Consumer Affairs and Protection AN ACT to amend the general business law, in relation to lease vehicle protections The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 396-z of the general business law is amended by 2 adding a new subdivision 17 to read as follows: 3 17. Every lease shall itemize and set forth in detail all costs 4 required to be paid by the lessee or purchaser of the rental vehicle 5 upon termination of such lease. 6 § 2. This act shall take effect on the thirtieth day after it shall 7 have become a law; provided, however, that subdivision 17 of section 8 396-z of the general business law, as added by section one of this act, 9 shall survive the expiration and reversion of such section as provided 10 in subdivision (a) of section 4 of chapter 109 of the laws of 2018. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD07678-01-5