HOUSE DOCKET, NO. 4862 FILED ON: 2/18/2022
HOUSE . . . . . . . . . . . . . . . No. 4951
|
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
William C. Galvin
_________________
To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act relative to the financing of motor vehicle purchases.
_______________
PETITION OF:
Name: | District/Address: | Date Added: |
William C. Galvin | 6th Norfolk | 2/18/2022 |
HOUSE DOCKET, NO. 4862 FILED ON: 2/18/2022
HOUSE . . . . . . . . . . . . . . . No. 4951
By Mr. Galvin of Canton, a petition (subject to Joint Rule 12) of William C. Galvin relative to the financing of motor vehicle purchases. Consumer Protection and Professional Licensure. |
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-Second General Court
(2021-2022)
_______________
An Act relative to the financing of motor vehicle purchases.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Section 4 of chapter 93B of the General Laws, as appearing in the 2020 Official Edition, is hereby amended by striking out, in line 281, the word " or".
SECTION 2. Said section 4 of chapter 93B, as so appearing, is hereby further amended by striking out, in line 285, the word "withheld." and inserting in place thereof the following words:- withheld; or.
SECTION 3. Subsection d of said section 4 of chapter 93B, as so appearing, is hereby amended by adding the following clause:-
(4) to prohibit a purchaser of a motor vehicle from securing financing for the purchase of a motor vehicle from a source other than the motor vehicle dealer.