AL HB466

Requires service contract providers to disclose in bold print larger than the advertisement body any right to refund a contract holder in an amount less than the provider's cost to repair or replace covered property.

Adds definitions for "repair," "replace," and "refund" to Alabama's service contract law and updates technical language to current style.

Mandates service contracts describe limitations, exceptions, and exclusions in boldface print larger than the body of the contract, including any limits on repair/replacement/refund and any provider right to refund less than repair/replacement cost.

Requires service contracts provide procedures in boldface print for contract holders to receive repair, replacement, or refund of operationally or structurally failing covered property.

Becomes effective October 1, 2025.