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Assembly Bill A4887

2025-2026 Legislative Session

Relates to leased vehicle protections

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Current Bill Status - In Assembly Committee

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2025-A4887 (ACTIVE) - Details

Current Committee:
Assembly Consumer Affairs And Protection
Law Section:
General Business Law
Laws Affected:
Amd §396-z, Gen Bus L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3412
2011-2012: A3090
2013-2014: A3916
2015-2016: A2030
2017-2018: A1003
2019-2020: A3423
2021-2022: A1675
2023-2024: A3136

2025-A4887 (ACTIVE) - Summary

Relates to leased vehicle protections; provides that every lease shall itemize and set forth in detail all costs required to be paid by the lessee or purchaser of the rental vehicle upon termination of such lease.

2025-A4887 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4887
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 10, 2025
                                ___________
 
 Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
   tee on Consumer Affairs and Protection
 
 AN ACT to amend the general business law, in relation to  lease  vehicle
   protections
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Section 396-z of the general business  law  is  amended  by
 adding a new subdivision 17 to read as follows:
   17.  EVERY  LEASE  SHALL  ITEMIZE  AND  SET  FORTH IN DETAIL ALL COSTS
 REQUIRED TO BE PAID BY THE LESSEE OR PURCHASER  OF  THE  RENTAL  VEHICLE
 UPON TERMINATION OF SUCH LEASE.
   §  2.  This  act shall take effect on the thirtieth day after it shall
 have become a law; provided, however, that  subdivision  17  of  section
 396-z  of the general business law, as added by section one of this act,
 shall survive the expiration and reversion of such section  as  provided
 in subdivision (a) of section 4 of chapter 109 of the laws of 2018.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07678-01-5

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