Meeting Name: Committee on Consumer Affairs Agenda status: Final
Meeting date/time: 4/26/2017 2:00 PM Minutes status: Final  
Meeting location: 250 Broadway - Committee Rm, 16th Fl.
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments: Attachments - Int. No. 1539-A, Attachments - Int. No. 1540, Attachments - Int. No. 518-A
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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.Hearing Held by Committee  Action details Not available
Int 0518-2014 *Donovan J. Richards Requiring 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.Amendment Proposed by Comm  Action details Not available
Int 0518-2014 *Donovan J. Richards Requiring 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.Amended by Committee  Action details Not available
Int 0518-2014 ADonovan J. Richards Requiring 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.Approved by CommitteePass Action details Not available
Int 1539-2017 *Rafael L. Espinal, Jr.Proposed Int. No. 1539-ASale and financing of used automobiles by second-hand automobile dealers.IntroductionThis bill strengthens consumer protections against predatory lending practices that exist in the used car industry. It will mandate that used car dealers disclose certain information to consumers, including: i) the itemized prices of add-on products; ii) the total cost of the vehicle, broken down by monthly payments and with or without any add-ons; iii) the lowest interest rate (APR) offered to the consumer by a finance company; and iv) any other financing-related disclosures the Commissioner prescribes by rule. Any required documents or disclosures to be provided to a consumer must be in the language used to negotiate the contract for sale. In addition, this bill requires dealers to offer an “automobile contract cancellation option” that would allow a buyer to cancel a contract for sale, subject to some limitations, within two days of purchasing the used vehicle. During the cancellation period, the purchased used car remains on the dealer’s lot until the consumer makes a decision. A dealer is required to retain certain records related to the sale of used cars 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.Hearing Held by Committee  Action details Not available
Int 1539-2017 *Rafael L. Espinal, Jr. Sale and financing of used automobiles by second-hand automobile dealers.IntroductionThis bill strengthens consumer protections against predatory lending practices that exist in the used car industry. It will mandate that used car dealers disclose certain information to consumers, including: i) the itemized prices of add-on products; ii) the total cost of the vehicle, broken down by monthly payments and with or without any add-ons; iii) the lowest interest rate (APR) offered to the consumer by a finance company; and iv) any other financing-related disclosures the Commissioner prescribes by rule. Any required documents or disclosures to be provided to a consumer must be in the language used to negotiate the contract for sale. In addition, this bill requires dealers to offer an “automobile contract cancellation option” that would allow a buyer to cancel a contract for sale, subject to some limitations, within two days of purchasing the used vehicle. During the cancellation period, the purchased used car remains on the dealer’s lot until the consumer makes a decision. A dealer is required to retain certain records related to the sale of used cars 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.Amendment Proposed by Comm  Action details Not available
Int 1539-2017 *Rafael L. Espinal, Jr. Sale and financing of used automobiles by second-hand automobile dealers.IntroductionThis bill strengthens consumer protections against predatory lending practices that exist in the used car industry. It will mandate that used car dealers disclose certain information to consumers, including: i) the itemized prices of add-on products; ii) the total cost of the vehicle, broken down by monthly payments and with or without any add-ons; iii) the lowest interest rate (APR) offered to the consumer by a finance company; and iv) any other financing-related disclosures the Commissioner prescribes by rule. Any required documents or disclosures to be provided to a consumer must be in the language used to negotiate the contract for sale. In addition, this bill requires dealers to offer an “automobile contract cancellation option” that would allow a buyer to cancel a contract for sale, subject to some limitations, within two days of purchasing the used vehicle. During the cancellation period, the purchased used car remains on the dealer’s lot until the consumer makes a decision. A dealer is required to retain certain records related to the sale of used cars 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.Laid Over by Committee  Action details Not available
Int 1540-2017 *Daniel R. Garodnick Requiring second-hand automobile dealers to post and distribute a bill of rights to consumers.IntroductionThis bill would require secondhand automobile dealers to conspicuously post and provide consumers with a 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; vii) to not be required to purchase add-ons; and viii) to receive an itemized list of the cost of any requested add-ons. For each executed contract, the secondhand automobile dealer must obtain from the consumer 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.Hearing Held by Committee  Action details Not available
Int 1540-2017 *Daniel R. Garodnick Requiring second-hand automobile dealers to post and distribute a bill of rights to consumers.IntroductionThis bill would require secondhand automobile dealers to conspicuously post and provide consumers with a 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; vii) to not be required to purchase add-ons; and viii) to receive an itemized list of the cost of any requested add-ons. For each executed contract, the secondhand automobile dealer must obtain from the consumer 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.Laid Over by Committee  Action details Not available