senate Bill S5017A

2013-2014 Legislative Session

Requires businesses to disclose certain information regarding extended warranties

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Apr 07, 2014 print number 5017a
amend and recommit to consumer protection
Jan 08, 2014 referred to consumer protection
May 06, 2013 referred to consumer protection

Bill Amendments

Original
A (Active)
Original
A (Active)

S5017 - Bill Details

Current Committee:
Senate Consumer Protection
Law Section:
General Business Law
Laws Affected:
Add §349-f, Gen Bus L

S5017 - Bill Texts

view summary

Requires any business that offers extended warranties to provide the consumer statistical data concerning how many times the extended warranty has been utilized by consumers for that particular product, an explanation as to the reason the extended warranty was utilized, and if there were any instances in which the extended warranty was not honored by the business.

view sponsor memo
BILL NUMBER:S5017

TITLE OF BILL: An act to amend the general business law, in relation
to requiring any business that offers extended warranties to provide
the consumer statistical data concerning how many times the extended
warranty has to be utilized by consumers for that particular product,
an explanation as to the reason the extended warranty was utilized,
and if there were any instances in which the extended warranty was not
honored by the business

SUMMARY OF PROVISIONS:

Section One of the bill amends the General Business law to add a new
section, 349-e which states that any corporation or other business
entity operating within the State that offers extended warranties on
products purchased by or provided to consumers located in the State
shall make available on its website statistical data, compiled
annually, of how many times the extended warranty has been utilized by
consumers for each product for which an extended warranty is offered,
together with an explanation as to the reason the extended warranty
was utilized, and, if there are any instances in which the extended
warranty was not honored information as to the number of times the
warranty was not honored and an explanation of the reasons why it was
not honored.

EXISTING LAW:

Currently, businesses in New York do not have to share with consumers
statistical data about their extended warranty services.

JUSTIFICATION:

There is no uniform standard of what an "extended warranty" means in
the State of New York. Consumers are often given the opportunity to
purchase an extended warranty, sometimes for hundreds of dollars, when
buying a major appliance (such as a refrigerator), an electronic
device, or a motor vehicle (new or used). While these types of
"durable goods" typically come with manufacturers' warranties, the
warranties may be limited in scope. An extended warranty may cover
parts and labor not included in the manufacturer's warranty and may
even extend the manufacturer's warranty for a longer period of time.

Many times a consumer has no information on which to judge if the
extended warranty is likely to be needed, and has limited information
as to what the extended warranty actually covers. Under current law
there is no reliable way for the consumer to ascertain the statistical
data needed to make an informed decision on whether or not to purchase
an extended warranty.

This bill will help New York consumers by requiring any business that
offers extended warranties to provide on its website the statistical
data concerning how many times the extended warranty has been utilized
by consumers for each particular product, an explanation as to the
reasons the extended warranty was utilized, and information about any
instances in which the extended warranty was not honored by the
business.


LEGISLATIVE HISTORY:

New Bill

FISCAL IMPLICATIONS:

None to the State of New York

LOCAL FISCAL IMPLICATIONS:

None to the State of New York

EFFECTIVE DATE:

This act shall take effect on the first of January next succeeding the
date upon which it shall become a law.

view full text
download pdf
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5017

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               May 6, 2013
                               ___________

Introduced  by  Sen. HOYLMAN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Consumer Protection

AN ACT to amend the general business law, in relation to  requiring  any
  business  that  offers  extended  warranties  to  provide the consumer
  statistical data concerning how many times the extended  warranty  has
  to  be  utilized by consumers for that particular product, an explana-
  tion as to the reason the extended warranty was utilized, and if there
  were any instances in which the extended warranty was not  honored  by
  the business

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The general business law is amended by adding a new section
349-e to read as follows:
  S 349-E. THE EXTENDED WARRANTY DISCLOSURE INFORMATION. ANY CORPORATION
OR OTHER BUSINESS ENTITY OPERATING WITHIN THE STATE THAT OFFERS EXTENDED
WARRANTIES ON PRODUCTS PURCHASED BY OR PROVIDED TO CONSUMERS LOCATED  IN
THE STATE SHALL MAKE AVAILABLE ON ITS WEBSITE STATISTICAL DATA, COMPILED
ANNUALLY,  OF  HOW MANY TIMES THE EXTENDED WARRANTY HAS BEEN UTILIZED BY
CONSUMERS FOR EACH PRODUCT FOR WHICH AN EXTENDED  WARRANTY  IS  OFFERED,
TOGETHER  WITH AN EXPLANATION AS TO THE REASON THE EXTENDED WARRANTY WAS
UTILIZED, AND, IF THERE ARE ANY INSTANCES IN WHICH THE EXTENDED WARRANTY
WAS NOT HONORED BY THE BUSINESS, INFORMATION AS TO THE NUMBER  OF  TIMES
THE  WARRANTY  WAS  NOT HONORED AND AN EXPLANATION OF THE REASONS WHY IT
WAS NOT HONORED.
  S 2. This act shall take effect on the first of January next  succeed-
ing the date upon which it shall become a law.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10663-01-3

S5017A (ACTIVE) - Bill Details

Current Committee:
Senate Consumer Protection
Law Section:
General Business Law
Laws Affected:
Add §349-f, Gen Bus L

S5017A (ACTIVE) - Bill Texts

view summary

Requires any business that offers extended warranties to provide the consumer statistical data concerning how many times the extended warranty has been utilized by consumers for that particular product, an explanation as to the reason the extended warranty was utilized, and if there were any instances in which the extended warranty was not honored by the business.

view sponsor memo
BILL NUMBER:S5017A

TITLE OF BILL: An act to amend the general business law, in relation
to requiring any business that offers extended warranties to provide
the consumer statistical data concerning how many times the extended
warranty has to be utilized by consumers for that particular product,
an explanation as to the reason the extended warranty was utilized,
and if there were any instances in which the extended warranty was not
honored by the business

SUMMARY OF PROVISIONS:

Section One of the bill amends the General Business law to add a new
section, 349-f which states that any corporation or other business
entity operating within the State that offers extended warranties on
products purchased by or provided to consumers located in the State
shall make available on its website statistical data, compiled
annually, of how many times the extended warranty has been utilized by
consumers for each product for which an extended warranty is offered,
together with an explanation as to the reason the extended warranty
was utilized, and, if there are any instances in which the extended
warranty was not honored information as to the number of times the
warranty was not honored and an explanation of the reasons why it was
not honored.

EXISTING LAW:

Currently, businesses in New York do not have to share with consumers
statistical data about their extended warranty services.

JUSTIFICATION:

There is no uniform standard of what an "extended warranty" means in
the State of New York. Consumers are often given the opportunity to
purchase an extended warranty, sometimes for hundreds of dollars, when
buying a major appliance (such as a refrigerator), an electronic
device, or a motor vehicle (new or used). While these types of
"durable goods" typically come with manufacturers' warranties, the
warranties may be limited in scope. An extended warranty may cover
parts and labor not included in the manufacturer's warranty and may
even extend the manufacturer's warranty for a longer period of time.

Many times a consumer has no information on which to judge if the
extended warranty is likely to be needed, and has limited information
as to what the extended warranty actually covers. Under current law
there is no reliable way for the consumer to ascertain the statistical
data needed to make an informed decision on whether or not to purchase
an extended warranty.

This bill will help New York consumers by requiring any business that
offers extended warranties to provide on its website the statistical
data concerning how many times the extended warranty has been utilized
by consumers for each particular product, an explanation as to the
reasons the extended warranty was utilized, and information about any
instances in which the extended warranty was not honored by the
business.


LEGISLATIVE HISTORY:

New Bill.

FISCAL IMPLICATIONS:

None to the State of New York.

LOCAL FISCAL IMPLICATIONS:

None to the State of New York.

EFFECTIVE DATE:

This act shall take effect on the first of January next succeeding the
date upon which it shall become a law.

view full text
download pdf
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 5017--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               May 6, 2013
                               ___________

Introduced  by  Sen. HOYLMAN -- read twice and ordered printed, and when
  printed to be committed to the Committee  on  Consumer  Protection  --
  recommitted to the Committee on Consumer Protection in accordance with
  Senate  Rule  6, sec. 8 -- committee discharged, bill amended, ordered
  reprinted as amended and recommitted to said committee

AN ACT to amend the general business law, in relation to  requiring  any
  business  that  offers  extended  warranties  to  provide the consumer
  statistical data concerning how many times the extended  warranty  has
  to  be  utilized by consumers for that particular product, an explana-
  tion as to the reason the extended warranty was utilized, and if there
  were any instances in which the extended warranty was not  honored  by
  the business

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The general business law is amended by adding a new section
349-f to read as follows:
  S 349-F. THE EXTENDED WARRANTY DISCLOSURE INFORMATION. ANY CORPORATION
OR OTHER BUSINESS ENTITY OPERATING WITHIN THE STATE THAT OFFERS EXTENDED
WARRANTIES ON PRODUCTS PURCHASED BY OR PROVIDED TO CONSUMERS LOCATED  IN
THE STATE SHALL MAKE AVAILABLE ON ITS WEBSITE STATISTICAL DATA, COMPILED
ANNUALLY,  OF  HOW MANY TIMES THE EXTENDED WARRANTY HAS BEEN UTILIZED BY
CONSUMERS FOR EACH PRODUCT FOR WHICH AN EXTENDED  WARRANTY  IS  OFFERED,
TOGETHER  WITH AN EXPLANATION AS TO THE REASON THE EXTENDED WARRANTY WAS
UTILIZED, AND, IF THERE ARE ANY INSTANCES IN WHICH THE EXTENDED WARRANTY
WAS NOT HONORED BY THE BUSINESS, INFORMATION AS TO THE NUMBER  OF  TIMES
THE  WARRANTY  WAS  NOT HONORED AND AN EXPLANATION OF THE REASONS WHY IT
WAS NOT HONORED.
  S 2. This act shall take effect on the first of January next  succeed-
ing the date upon which it shall become a law.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10663-02-4

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