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Assembly Bill A2337

2017-2018 Legislative Session

Prohibits the imposition of certain fees at the expiration of a term on a motor vehicle lease which constitutes administrative, clerical or handling charges

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Archive: Last Bill Status - On Floor Calendar

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2017-A2337 (ACTIVE) - Details

See Senate Version of this Bill:
S2988
Law Section:
Personal Property Law
Laws Affected:
Amd §337, Pers Prop L
Versions Introduced in Other Legislative Sessions:
2009-2010: A2904, S1396
2011-2012: A1581, S1599
2013-2014: A466, S3573
2015-2016: A2512, S488
2019-2020: A3345, S5921
2021-2022: A5551, S3236
2023-2024: A7167, S4778

2017-A2337 (ACTIVE) - Summary

Provides that with respect to leases on motor vehicles, no lease shall provide that the lessee would be charged a turn-in fee at the expiration of the term which constitutes solely an additional fee for administrative, handling or clerical charges.

2017-A2337 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
     S. 2988                                                  A. 2337
 
                        2017-2018 Regular Sessions
 
                       S E N A T E - A S S E M B L Y
 
                             January 18, 2017
                                ___________
 
 IN  SENATE  -- Introduced by Sens. LAVALLE, GOLDEN, LARKIN -- read twice
   and ordered printed, and when printed to be committed to the Committee
   on Consumer Protection
 
 IN ASSEMBLY -- Introduced by M. of A.  ENGLEBRIGHT,  MONTESANO  --  read
   once and referred to the Committee on Judiciary

 AN  ACT  to  amend the personal property law, in relation to prohibiting
   certain provisions in retail lease agreements
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Paragraphs (h) and (i) of subdivision 14 of section 337 of
 the personal property law, paragraph (h) as added by chapter  1  of  the
 laws  of 1994 and paragraph (i) as amended by chapter 111 of the laws of
 1995, are amended and a new paragraph (j) is added to read as follows:
   (h) the lessee waives any right to a trial by jury in  any  action  or
 proceeding arising out of the agreement; [or]
   (i) a lessee who is not in default of his or her obligations under the
 agreement would be prohibited from terminating the agreement at any time
 after  the  expiration of the first fifty percent of the total number of
 months of the lease term. The exercise of this right to terminate  early
 voluntarily  is  contingent upon the lessee discharging fully his or her
 liability under the early termination provisions of the agreement[.]; OR
   (J) THE LESSEE WOULD BE CHARGED A TURN-IN FEE AT THE EXPIRATION OF THE
 TERM WHICH CONSTITUTES SOLELY  AN  ADDITIONAL  FEE  FOR  ADMINISTRATIVE,
 HANDLING OR CLERICAL CHARGES.
   §  2. This act shall take effect on the first of January next succeed-
 ing the date on which it shall have become a  law  and  shall  apply  to
 leases executed on or after such date.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03365-01-7

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