An Act relative to furthering dealership transparency
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to increase transparency in the motor vehicle dealership industry in Massachusetts. It seeks to provide consumers with more information about vehicle pricing, fees, and financing options. The bill intends to ensure dealerships clearly disclose all costs associated with a vehicle purchase, promoting fairer and more informed transactions for buyers. It also establishes a process for addressing consumer complaints related to dealership practices.
Key provisions
- Requires dealerships to provide a written breakdown of all fees and charges.
- Mandates clear disclosure of the vehicle’s capitalized cost.
- Establishes a process for consumers to file complaints regarding dealership practices.
- Requires dealerships to provide a clear explanation of financing terms.
- Addresses transparency regarding vehicle history reports.
- Requires dealerships to disclose any potential conflicts of interest.
Who is affected
- Motor vehicle dealerships
- Consumers purchasing vehicles
- Massachusetts residents
Notable changes
- Increases consumer access to detailed pricing information.
- Establishes a formal complaint process for dealership practices.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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