An Act relative to motor vehicle debt waivers
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill proposes to create a program that could lead to waivers of certain motor vehicle debts for eligible Massachusetts residents. The goal is to alleviate financial hardship caused by vehicle debt, particularly for those facing economic challenges. The bill outlines a process for determining eligibility and potentially forgiving a portion of outstanding vehicle loans. It aims to provide relief to individuals struggling with vehicle payments.
Key provisions
- Establishes a motor vehicle debt waiver program.
- Defines eligibility criteria for participating individuals.
- Specifies the potential amount of debt that may be waived.
- Outlines a process for applying for and receiving a debt waiver.
- Requires the Department of Revenue to administer the program.
- Creates a fund to support the program's operations.
- Addresses potential conflicts with existing debt relief programs.
Who is affected
- Massachusetts residents
- Motor vehicle borrowers
- Individuals facing financial hardship
- Consumers
- Vehicle lenders
Notable changes
- Potentially creates a new mechanism for debt relief beyond existing programs.
- May involve the state government taking on responsibility for managing debt waivers.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
3 on record
Primary sponsor
Meghan K. Kilcoyne
Cosponsors
Jacob R. Oliveira
Meghan K. Kilcoyne
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours