S5847 (2023-24 session)
NY State bill
Requires motor vehicle dealers to disclose price markups to the purchasers of motor vehicles; provides failure to so disclose shall be grounds for revocation of the dealer's registration and imposes civil liability to purchasers for damages; authorizes the financial frauds and consumer protection unit of the department of financial services to study problematic practices in the price markups of motor vehicle dealers.
- Title
- Requires motor vehicle dealers to disclose price markups to the purchasers of motor vehicles
- Type
- New York State Senate bill
- Session
- 2023-24 session
- Status
- In Senate Committee
- Latest action date
- 2024-01-03
- In committee
- Transportation
- Introduced
- 2023-03-20
- Same as
- A1125
- Law section
- Vehicle and Traffic Law
Sponsors
- James Sanders Jr. State Senator, District 10
Heard in committee
- Transportation NY State Senate committee