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NY S06623

Bill

Official Source

Status

Passed

9/29/2016

Primary Sponsor

Martin Golden

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Amends General Business Law Section 743 to change civil penalties for violations of automobile broker regulations from discretionary ("may impose") to mandatory ("shall impose")

  • Increases minimum civil penalty from up to $1,000 to a range of not less than $1,000 and not more than $3,000 per violation

  • Applies to enforcement actions by the New York Attorney General against automobile broker businesses engaged in deceptive trade practices

  • Takes effect on the ninetieth day after the bill becomes law

Legislative Description

Relates to increasing penalties for deceptive trade practices and unlawful acts by an automobile broker business.

Last Action

SIGNED CHAP.372

9/29/2016

Committee Referrals

Consumer Affairs and Protection5/9/2016
Consumer Affairs and Protection2/1/2016

Full Bill Text

No bill text available