An Act promoting consumer choice regarding the use of credit trigger leads
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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, sponsored by Representative Day, aims to give consumers more control over whether they are offered ‘credit trigger leads’ – which are often used in motor vehicle sales to encourage the purchase of extended warranties. The bill seeks to promote consumer choice by requiring dealerships to clearly inform consumers about these leads and provide an opportunity to opt-out.
Key provisions
- Requires dealerships to clearly disclose the existence of credit trigger leads to consumers.
- Allows consumers to opt-out of receiving credit trigger leads.
- Addresses the use of credit trigger leads in motor vehicle sales.
- Promotes transparency in the sales process.
- Focuses on consumer choice regarding financial products offered during vehicle purchases.
- Establishes a process for consumers to decline offers of credit trigger leads.
Who is affected
- Consumers
- Motor vehicle dealerships
- Financial service providers
Notable changes
- The bill introduces a requirement for dealerships to obtain explicit consent before offering credit trigger leads.
- It aims to reduce potentially misleading sales tactics related to extended warranties.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Michael S. Day
Cosponsor
Michael S. Day
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