Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.
Meeting Name: Committee on Consumer Affairs Agenda status: Final
Meeting date/time: 4/26/2017 2:00 PM Minutes status: Draft  
Meeting location: 250 Broadway - Committee Rm, 16th Fl.
Published agenda: Agenda Agenda Published minutes: Not available  
Meeting video:  
Attachments: Attachments - Int. No. 1539-A, Attachments - Int. No. 1540
File #Ver.Prime SponsorAgenda NoteNameTypeSummaryActionResultAction DetailsMultimedia
Int 0518-2014 *Donovan J. RichardsProposed Int. No. 518-ARequiring secondhand automobile dealers to disclose whether automobiles have been recalled by the automobiles’ manufacturers.IntroductionThis bill requires secondhand automobile dealers to disclose recall information to consumers when selling automobiles, parts or equipment that are the subject of a recall by the national highway transportation safety administration or the NHTSA. Such disclosure, which would be signed by the purchaser, would be retained by the dealer for five years, and subject to inspection by the Department of Consumer Affairs. This bill would impose a $1000 fine for a first offense, a $1000 fine or imprisonment for a second offense, and suspension or revocation of a dealer’s license at the discretion of the commissioner for any subsequent offenses during a three year period.   Not available Not available
Int 1539-2017 *Rafael L. Espinal, Jr.Proposed Int. No. 1539-ASale and financing of used automobiles by secondhand automobile dealers.IntroductionThis bill addresses some common predatory lending practices that exist in the secondhand automobile industry. Prior to executing a contract for sale, the bill requires secondhand automobile dealers to disclose the lowest annual percentage rate offered to the buyer and the dealer’s fee for arranging any financing. The disclosure also warns consumers that they have the right to seek financing from institutions other than the dealer. Any required documents or disclosures to be provided to a buyer must be in the language used to negotiate the contract for sale. In addition, this bill requires dealers to offer an automobile cancellation option agreement that would allow a buyer to cancel a contract for sale, subject to some limitations, within two days of accepting delivery of the automobile. A dealer is required to retain certain records related to the sale of secondhand automobiles for six years, which may be subject to audit by the department of consumer affairs. The bill also gives the Commissioner of the Department of Consumer Affairs the discretion to report to the City Council and the Mayor on the effectiveness of the bill. Finally, this bill creates additional civil penalties for the violation of its provisions.   Not available Not available
Int 1540-2017 *Daniel R. Garodnick Requiring secondhand automobile dealers to post and distribute a consumer bill of rights to prospective buyers.IntroductionThis bill would require secondhand automobile dealers to conspicuously post and provide prospective buyers with a consumer bill of rights. The bill of rights would inform consumers of their right: i) to a two-day automobile contract cancellation option agreement; ii) to seek financing from lenders other than the dealer; iii) to purchase the automobile at the advertised price; iv) to seek the dealer’s complaint history or to make a complaint by calling 311; v) to receive a Used Car Buyer Guide and to additional rights under New York State’s Used Car Lemon Law; vi) to receive certain disclosures when signing a financing agreement; and vii) to receive an itemized list of the cost of any add-ons. For each executed contract, the secondhand automobile dealer must obtain from the prospective buyer an initialed or signed copy of the consumer bill of rights and retain it for six years. The dealer must also provide the consumer bill of rights in the language used to negotiate the contract.   Not available Not available