Requires any business that offers extended warranties to provide the consumer statistical data concerning how many times the extended warranty has been utilized by consumers for that particular product, an explanation as to the reason the extended warranty was utilized, and if there were any instances in which the extended warranty was not honored by the business.
STATE OF NEW YORK
________________________________________________________________________
66
2015-2016 Regular Sessions
IN SENATE(Prefiled)
January 7, 2015
___________
Introduced by Sen. HOYLMAN -- read twice and ordered printed, and when
printed to be committed to the Committee on Consumer Protection
AN ACT to amend the general business law, in relation to requiring any
business that offers extended warranties to provide the consumer
statistical data concerning how many times the extended warranty has
to be utilized by consumers for that particular product, an explana-
tion as to the reason the extended warranty was utilized, and if there
were any instances in which the extended warranty was not honored by
the business
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The general business law is amended by adding a new section
2 349-f to read as follows:
3 § 349-f. The extended warranty disclosure information. Any corporation
4 or other business entity operating within the state that offers extended
5 warranties on products purchased by or provided to consumers located in
6 the state shall make available on its website statistical data, compiled
7 annually, of how many times the extended warranty has been utilized by
8 consumers for each product for which an extended warranty is offered,
9 together with an explanation as to the reason the extended warranty was
10 utilized, and, if there are any instances in which the extended warranty
11 was not honored by the business, information as to the number of times
12 the warranty was not honored and an explanation of the reasons why it
13 was not honored.
14 § 2. This act shall take effect on the first of January next succeed-
15 ing the date upon which it shall become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD01510-01-5
