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 requires dealerships to provide consumers with more detailed information about vehicle pricing, financing options, and potential fees. The goal is to empower consumers to make more informed decisions when purchasing a car and to promote fairer business practices within the industry.
Key provisions
- Dealerships must clearly disclose all fees associated with vehicle sales and financing.
- Dealerships must provide consumers with a written breakdown of the vehicle’s price, including all taxes and charges.
- Dealerships must offer consumers the option to review the vehicle’s history report.
- Dealerships must disclose the terms of any extended warranties or service contracts.
- The bill establishes a process for consumers to file complaints against dealerships.
- The Department of Consumer Protection and Professional Licensure will oversee the implementation of these requirements.
- Dealerships are required to provide a clear explanation of the interest rate and total cost of financing.
- The bill mandates dealerships to provide a written estimate of the total cost of the vehicle purchase before the consumer commits to financing.
Who is affected
- Motor vehicle dealerships
- Consumers purchasing vehicles
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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