Trade: vehicles; used motor vehicle cancellation option agreement; provide for. Creates new act.

HB 4281 creates the "used motor vehicle warranty act" to give consumers a 2-day right to return a used car purchased from a dealer for any reason, provided the vehicle costs $50,000 or less. Dealers must offer a contract cancellation agreement at a capped fee (up to $250), allowing buyers to drive the car up to 150 miles during the window and receive a full refund minus a restocking fee (capped at $500). This applies to most used car purchases but excludes motorcycles, off-highway vehicles, sales over $50,000, and private-party transactions. The law requires dealers to include specific terms in the sales agreement and provides consumers a legal remedy for violations.