Relates to the disclosure of liability of a motor vehicle lessee in the case of a total loss or the vehicle is rendered inoperable; requires disclosure of lessor policies in the case of a total loss or vehicle rendered inoperable.
STATE OF NEW YORK
________________________________________________________________________
6748--A
2019-2020 Regular Sessions
IN ASSEMBLY
March 18, 2019
___________
Introduced by M. of A. BUCHWALD -- read once and referred to the Commit-
tee on Consumer Affairs and Protection -- committee discharged, bill
amended, ordered reprinted as amended and recommitted to said commit-
tee
AN ACT to amend the personal property law, in relation to the disclosure
of liability of a motor vehicle lessee in the case of a total loss or
the vehicle is rendered inoperable
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 5 of section 337 of the personal property law
2 is amended by adding a new paragraph (l) to read as follows:
3 (l) The liability of the lessee in the case of a total loss of the
4 vehicle or the vehicle is rendered inoperable. Disclosure of liability
5 pursuant to this paragraph shall include the financial liability of the
6 lessee and the lessor's rules, policies and procedures in the event the
7 car is declared a total loss or rendered inoperable during the term of
8 the lease.
9 § 2. This act shall take effect immediately, and shall apply to all
10 leases entered into, renewed, modified or amended on and after such
11 effective date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD10318-04-9
