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History
- Substituted by A7819
- Advanced to third reading
- 2nd report cal.
- 1st report cal.448
- Referred to consumer protection
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Extends provisions relating to rental vehicle protections
Signed by Governor · Sponsor Joseph Morelle
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4218
Title of bill
An act to amend chapter 656 of the laws of 2002 amending the general business law relating to rental vehicle protections, in relation to extending the provisions of such chapter
Purpose
To extend the provisions of GBL § 396-z relating to certain rental vehicle protections for an additional five years.
Summary of provisions
Amends section 396-z of the general business law by extending the sunset provision (currently scheduled to occur June 30, 2013)for an additional five years (June 30, 2018).
Justification
Chapter 656 of the Laws of 2002 revised § 396-z of the General Business Law, bringing New York into conformance with the rest of the 49 states by making vehicle renters responsible for damage to rental vehicles in their possession. The measure also authorized rental companies to make available optional vehicle protection (also known as a "collision damage waiver") which entitles the purchaser to a waiver of claim by the vehicle rental company with regard to virtually any damage to the vehicle, regardless of fault. This law repealed a 1989 statute that made rental car companies responsible for all but the first $100 in damages to a rental vehicle, and prohibited the sale of collision damage waivers in New York.
Chapter 656 also included comprehensive consumer protection provisions, including measures designed to ensure that rental customers are aware that their automobile insurance policy may provide collision coverage while renting a vehicle.
The Chapter has had a distinctly positive impact on the rental car industry and, by extension, the New York economy, while at the same time adding important consumer protections. Concurrently, rental car options for consumers have improved significantly and rental rates in New York have stabilized, as was anticipated.
Legislative history
New bill.
Fiscal implications
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.