House Bill 407

Actions
Last Action 02/09/21: to Committee on Committees (H)
Title AN ACT relating to consumer protections in motor vehicle financing.
Bill Documents Introduced
Bill Request Number 58
Sponsors L. Willner, S. Westrom
Summary of Original Version Create a new section of KRS Chapter 190 to prohibit motor vehicle dealers from charging a fee or receiving compensation for providing, procuring, or arranging financing through a third-party lender for the purchase or lease of a motor vehicle by a consumer unless certain notifications to the consumer are made; establish penalties; amend KRS 190.040 to require that a dealer's license be revoked in the case of a third or any subsequent violation if the dealer has willfully engaged in repetitive violations.
Index Headings of Original Version Loans and Credit - Motor vehicle dealers, third-party financing, notice requirements
Motor Vehicles - Motor vehicle dealers, third-party financing, notice requirements
Consumer Affairs - Motor vehicle dealers, third-party financing, notice requirements

Actions

Top
02/09/21
  • introduced in House
  • to Committee on Committees (H)


Last updated: 4/14/2021 8:30 AM (EDT)
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