AN ACT CONCERNING THE OFFERING PRICE OF A MOTOR VEHICLE BY A CAR DEALER.
What changed between versions
Added specific requirements for dealers to include federal tax, delivery costs, dealer preparation, and conveyance fees in advertised vehicle prices with clear disclosures in at least eight-point bold type.
Added new requirements for invoices to include specific deposit refund language, insurance coverage details, and dealer guarantee terms in at least ten-point bold type.
Removed the requirement that dealers must include additional fees in the order and invoice for the purchase of a motor vehicle, replacing it with more specific disclosure requirements.
Added enforcement provisions allowing the Commissioner of Motor Vehicles to fine dealers up to $1,000 or suspend/revoke licenses for violations.
Added effective date of October 1, 2025 for the new requirements.
Added definition for 'dealer conveyance fee' or 'processing fee' as fees charged to recover reasonable costs for documentation and closing services.