New York Bills Seek to Remove Cracks/Chips from New Law

January 24, 2020

Legislation introduce in the New York Assembly and Senate seeks to repeal certain regular “wear and tear” items such as windshield cracks and chips from the newly enacted definition of service contracts for consumer leased vehicles.¬† The bills, negotiated by the Department of Financial Services with the Governor’s Office with the legislative sponsors, seeks to maintain the intention of law enacted last month to protect consumers from surprise lease end costs but remove paint chips, glass cracks and exterior dents and scratches from the newly allowed leased car service contracts.

Click here for the text of A 9081 and S 6953.

 

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