HOUSE DOCKET, NO. 740        FILED ON: 1/13/2025

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No.         

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:

HOUSE DOCKET, NO. 740        FILED ON: 1/13/2025

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No.         

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 297 OF 2023-2024.]

The Commonwealth of Massachusetts

_______________

In the One Hundred and Ninety-Fourth General Court
(2025-2026)

_______________

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.