On Feb. 14, NY LEG increased requirements for auto broker businesses
NY LEG passed AB 441 (SB 2672) on auto broker notice of cancellation requirements.
Aims to effectuate amendments in AB 3499 (SB 7553) related notice of cancellation requirements and additional disclosures to consumers purchasing, leasing automobiles.
Document dated Feb. 14, 2025, was received on Mar. 5, 2025, due to a fixed feed.
Bill Provisions
Changes to clarify notice of cancellation content in contract between broker, consumer.
Automobile brokers are required to clearly and conspicuously state in advertisements they are not affiliated with dealer or motor vehicle franchisor, manufacturer, distributor.
Legislative History
On Jan. 8, 2025, bill introduced in Assembly; on Jan. 28, 2025, bill passed Assembly.
On Jan. 28, 2025, bill was introduced in Senate; on Feb. 11, 2025, bill passed Senate.
On Feb. 12, 2025, bill was sent to governor; on Feb. 14, 2025, governor signed bill.
Effectiveness
Effective on same date and in same manner as AB 3499 (SB 7553), Jun. 19, 2025.
