Requires certain disclosures under motor vehicle lease.
Bill A568 requires New Jersey motor vehicle lease agreements to clearly disclose all end-of-lease fees in 14-point bold type, including charges for excessive wear/damage, mileage overages, and termination costs. It mandates that dealers provide a one-page summary listing key terms like down payments, monthly payments, mileage limits, and final fees. This applies directly to car lessees (people leasing vehicles) and dealers who must comply with the new disclosure requirements. The bill amends existing law to clarify and standardize lease terms, ensuring transparency about final costs before signing.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Consumer Affairs Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Sterley Stanley
DDemocratic
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