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Assembly Bill A9727

2017-2018 Legislative Session

Relates to early termination of motor vehicle lease contracts

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Archive: Last Bill Status - In Assembly Committee

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2017-A9727 (ACTIVE) - Details

Current Committee:
Assembly Consumer Affairs And Protection
Law Section:
General Business Law
Laws Affected:
Amd §399-zzzz, Gen Bus L; amd §§337 & 341, Pers Prop L
Versions Introduced in 2019-2020 Legislative Session:
A2078

2017-A9727 (ACTIVE) - Summary

Requires that a retail lessee shall not be liable for charges for the early termination of a retail lease agreement of a motor vehicle if he or she has deceased before the end of such lease.

2017-A9727 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9727
 
                           I N  A S S E M B L Y
 
                             February 2, 2018
                                ___________
 
 Introduced  by M. of A. GUNTHER -- read once and referred to the Commit-
   tee on Consumer Affairs and Protection
 
 AN ACT to amend the general business law and the personal property  law,
   in relation to early termination of motor vehicle lease contracts
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subdivision 1 of section 399-zzzz of the  general  business
 law,  as added by chapter 331 of the laws of 2016, is amended to read as
 follows:
   1. Subject to federal law and regulation[,]:
   A. no provider of telephone, cellular telephone, television, internet,
 energy, or water services shall impose a fee for  termination  or  early
 cancellation  of  a  service  contract  in  the  event  the customer has
 deceased before the end of such contract; AND
   B. A RETAIL LESSEE, AS DEFINED IN SECTION THREE HUNDRED THIRTY-ONE  OF
 THE PERSONAL PROPERTY LAW, SHALL NOT BE LIABLE FOR CHARGES FOR THE EARLY
 TERMINATION  OF A RETAIL LEASE AGREEMENT OF A MOTOR VEHICLE IF HE OR SHE
 HAS DECEASED BEFORE THE END OF SUCH LEASE.
   § 2. Paragraphs (i), (j) and (k) of subdivision 5 of  section  337  of
 the personal property law are relettered paragraphs (j), (k) and (l) and
 a new paragraph (i) is added to read as follows:
   (I)  A  STATEMENT  IN  AT LEAST EIGHT-POINT BOLD TYPE STATING THAT THE
 LESSEE SHALL NOT BE LIABLE FOR AN EARLY TERMINATION FEE IF HE OR SHE HAS
 DECEASED BEFORE THE END OF THE LEASE;
   § 3. Section 341 of the personal property law is amended by  adding  a
 new subdivision 4 to read as follows:
   4.  THERE  SHALL BE NO EARLY TERMINATION LIABILITY TO THE LESSEE IF HE
 OR SHE HAS DECEASED BEFORE THE END OF SUCH LEASE.
   § 4. This act shall take effect on the ninetieth day  after  it  shall
 have become a law.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07573-01-7

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