A bill for an act relating to certain sales of auto club memberships and vehicle warranties.

This bill requires loan providers to clearly inform borrowers that auto club memberships and vehicle warranties are optional when offered alongside a loan. Borrowers must receive written confirmation (signed by them) stating these purchases won’t affect loan approval. Providers must allow borrowers to pay for these services either with non-loan funds or include the cost in their loan, and permit full refunds within 30 days if unused. It directly affects borrowers obtaining loans who are offered these additional services.