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NY S00898
Bill
Status
1/5/2011
Primary Sponsor
Toby Stavisky
Click for details
AI Summary
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Retail motor vehicle dealers in New York City who negotiate primarily in a language other than English must provide consumers with an unsigned translation of the contract in that language prior to execution.
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Consumers may cancel a motor vehicle contract if the dealer fails to provide the required translation, with cancellation effective upon written notice to the dealer and no penalties imposed on the consumer.
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The English-language version of the contract determines the parties' rights and obligations, but the translation may be used as evidence only to demonstrate substantial differences in material terms between the contract and translation.
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If a contract is assigned to a financial institution and subsequently canceled by the consumer, the assignment is deemed canceled and the dealer must repurchase the contract from the assignee.
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The act takes effect 120 days after becoming law and applies to contracts entered into on or after that date.
Legislative Description
Requires the terms of a motor vehicle sales contract entered into in the city of New York to be written in the language in which such contract was negotiated; requires retail motor vehicle dealers who negotiate primarily in any language other than English to deliver to the consumer a translation of such contract in the language in which such contract was negotiated; provides remedies to aggrieved consumers.
Last Action
REFERRED TO CITIES
1/4/2012