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A01125 Summary:

BILL NOA01125
 
SAME ASNo Same As
 
SPONSORJacobson
 
COSPNSR
 
MLTSPNSR
 
Amd §415, V & T L; amd §404, Fin Serv L
 
Requires motor vehicle dealers to disclose price markups to the purchasers of motor vehicles; provides failure to so disclose shall be grounds for revocation of the dealer's registration and imposes civil liability to purchasers for damages; authorizes the financial frauds and consumer protection unit of the department of financial services to study problematic practices in the price markups of motor vehicle dealers.
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