Senate Bill S6953

2019-2020 Legislative Session

Relates to lease-end charges

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2019-S6953 (ACTIVE) - Details

See Assembly Version of this Bill:
A9081
Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §7902, Ins L (as proposed in S.3631 & A.268)

2019-S6953 (ACTIVE) - Summary

Relates to "lease-end" charges.

2019-S6953 (ACTIVE) - Sponsor Memo

2019-S6953 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6953
 
                             I N  S E N A T E
 
                              January 6, 2020
                                ___________
 
 Introduced  by  Sen. BRESLIN -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the insurance law, in relation to "lease-end" charges
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subsection  (k)  of section 7902 of the insurance law, as
 amended by a chapter of the laws of 2019,  amending  the  insurance  law
 relating  to  expanding the availability of meaningful service contracts
 to protect New Yorkers leasing automobiles for their personal  use  from
 unanticipated "lease-end" charges related to excess use or wear and tear
 of the leased vehicle, as proposed in legislative bills numbers S.  3631
 and A. 268, is amended to read as follows:
   (k)  "Service  contract" means a contract or agreement, for a separate
 or additional consideration, for a  specific  duration  to  perform  the
 repair,  replacement  or maintenance of property, or indemnification for
 repair, replacement or maintenance, due to  a  defect  in  materials  or
 workmanship  or  wear and tear, with or without additional provision for
 indemnity payments for incidental damages, provided any  such  indemnity
 payment per incident shall not exceed the purchase price of the property
 serviced.    Service  contracts may include towing, rental and emergency
 road service, and may also provide for the repair, replacement or  main-
 tenance  of  property  for  damage resulting from power surges and acci-
 dental  damage  from  handling.  Service  contracts  may  also   include
 contracts  to  repair,  replace  or  maintain residential appliances and
 systems. Such term shall also mean a contract or agreement made  (1)  by
 or  for the manufacturer or seller of a motor vehicle tire for repair or
 replacement of the tire or wheel as the result of damage arising from  a
 road  hazard,  (2)  by  or  for  the supplier or seller of a service for
 repair of chips or cracks in a motor vehicle windshield, but not includ-
 ing services that involve the replacement of the entire windshield,  and
 (3)  by or for the supplier or seller of a service for repair or removal
 of dents, dings or creases from a motor vehicle  without  affecting  the
 existing  paint  finish  using paintless dent repair techniques, but not
 including services that involve the replacement of vehicle body  panels,
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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