MA H3779

Extends existing consumer protections for motor vehicle purchases to also cover vehicle leases, including the right to void a sale/lease within 7 days if the vehicle fails state inspection and repair costs exceed 10% of the total lease payments

Prohibits dealers from valuing a vehicle in a lease agreement higher than its advertised purchase price, with violations constituting unfair or deceptive practices under Chapter 93A

Requires lessors to comply with federal Consumer Leasing Act disclosure requirements (15 U.S.C. sections 1667-1667e) and extends Truth in Lending Act civil liability provisions to consumer leases, with damages up to 25% of total monthly lease payments

Expands consumer credit transaction default protections to include motor vehicle lessees, including requirements for written notice at least 21 days before action, right to cure defaults, and limits on deficiency judgments

Applies only to new leases or renegotiated leases after the effective date, not to existing leases or leases already in default prior to enactment