What's happening
This bill requires vehicle lease agreements in New York to clearly itemize all costs due at lease termination.
Why it matters
Increases transparency for consumers. By requiring all end-of-lease costs to be clearly itemized, the bill helps lessees better understand their financial obligations, reducing the risk of surprise charges when returning a leased vehicle.
Empowers consumer decision-making. Clear disclosure of potential fees allows consumers to more accurately compare lease offers and make informed choices about which agreements best fit their budget.
Helps prevent unfair or hidden charges. By mandating detailed breakdowns of all costs due at lease end, the bill strengthens protections against deceptive practices and ensures lessors cannot impose unexpected fees after the lease is signed.
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Who cares
Headline styles
Disclose Lease End Fees
Plain English, a few words. Used as the page title.
Sponsors
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History
- Referred to consumer affairs and protection
- Referred to consumer affairs and protection
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1003
2017-2018 Regular Sessions
IN ASSEMBLY
January 10, 2017
Introduced by M. of A. PRETLOW -- read once and referred to the Committee on Consumer Affairs and Protection
AN ACT to amend the general business law, in relation to lease vehicle protections
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 396-z of the general business law is amended by adding a new subdivision 16 to read as follows:
16. Every lease shall itemize and set forth in detail all costs required to be paid by the lessee or purchaser of the rental vehicle upon termination of such lease.
§ 2. This act shall take effect on the thirtieth day after it shall have become a law; provided, however, that subdivision 16 of section 396-z of the general business law, as added by section one of this act, shall survive the expiration and reversion of such section as provided in section 4 of chapter 656 of the laws of 2002, as amended.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05161-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.