|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2020||referred to finance|
|Jan 18, 2019||referred to finance|
senate Bill S1957
Current Bill Status - In Senate Committee Finance Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1957 (ACTIVE) - Details
S1957 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1957 Revised 1/7/2020 SPONSOR: THOMAS TITLE OF BILL: An act to amend the executive law, in relation to motor vehicle dealer advertising PURPOSE: This bill seeks to increase the quality of motor vehicle advertising by enabling the Department of State's Consumer Protection Division, in consultation with the Department of Financial Services, to promulgate regulations relating to advertising and marketing by motor vehicle deal- ers and prohibiting advertisements that represent that Social Security Disability (SSD) and Supplemental Security Income (SSI) are adequate sources of income for auto loans. SUMMARY OF PROVISIONS: Section 1 Amends the executive law to add a new section, 94-c.
S1957 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1957 2019-2020 Regular Sessions I N S E N A T E January 18, 2019 ___________ Introduced by Sen. THOMAS -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the executive law, in relation to motor vehicle dealer advertising THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The executive law is amended by adding a new section 94-c to read as follows: § 94-C. MOTOR VEHICLE DEALER ADVERTISING. 1. THE CONSUMER PROTECTION DIVISION SHALL, IN CONSULTATION WITH THE DEPARTMENT OF LAW AND THE DEPARTMENT OF FINANCIAL SERVICES, BE AUTHORIZED TO PROMULGATE REGU- LATIONS RELATING TO ADVERTISING AND MARKETING BY MOTOR VEHICLE DEALERS. 2. SUCH REGULATIONS SHALL PROHIBIT THE REPRESENTATION, IN ANY FORM, BY A MOTOR VEHICLE DEALER OR ANY OFFICER OR EMPLOYEE THEREOF, THAT BENEFITS RECEIVED AS SUPPLEMENTAL SECURITY INCOME OR SOCIAL SECURITY DISABILITY INCOME SHALL BE A SOLE SUFFICIENT SOURCE OF INCOME FOR THE PURPOSE OF SECURING CONSUMER MOTOR VEHICLE FINANCING. 3. THE DEPARTMENT OF LAW SHALL HAVE JURISDICTION TO ENFORCE THE REGU- LATIONS PROMULGATED PURSUANT TO SUBDIVISION ONE OF THIS SECTION, AND ASSESS CIVIL PENALTIES AND SEEK INJUNCTIONS RELATING THERETO. PROVIDED, THAT NOTHING IN THIS SECTION SHALL BE DEEMED TO LIMIT SUCH DEPARTMENT'S ABILITY TO ENFORCE ANY OTHER PROVISION OF LAW, RULE OR REGULATION RELAT- ING TO MOTOR VEHICLE DEALERS. 4. THE CONSUMER PROTECTION DIVISION SHALL BE AUTHORIZED TO ESTABLISH FINES OF NOT MORE THAN TEN THOUSAND DOLLARS FOR ANY VIOLATION OF THE REGULATIONS ESTABLISHED PURSUANT TO SUBDIVISION ONE OF THIS SECTION. § 2. This act shall take effect on the one hundred eightieth day after it shall have become law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05529-01-9
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