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SENATE DOCKET, NO. 1009         FILED ON: 1/17/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 95

 

The Commonwealth of Massachusetts

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PRESENTED BY:

James B. Eldridge

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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 regarding document preparation fees for motor vehicle sales.

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PETITION OF:

 

Name:

District/Address:

James B. Eldridge

Middlesex and Worcester

Antonio F. D. Cabral

13th Bristol

Kay Khan

11th Middlesex


SENATE DOCKET, NO. 1009        FILED ON: 1/17/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 95

By Mr. Eldridge, a petition (accompanied by bill, Senate, No. 95) of James B. Eldridge, Antonio F. D. Cabral and Kay Khan for legislation relative to document preparation fees for motor vehicle sales.  Consumer Protection and Professional Licensure. 


The Commonwealth of Massachusetts
 

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In the Year Two Thousand Thirteen

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An Act regarding document preparation fees for motor vehicle sales.
 

              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.  Chapter 255B of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by inserting the following additional section:-

              Section 26. In addition to a finance charge as provided in Section 14 of this chapter, a dealer may only charge a purchaser of a vehicle one fee associated with all preparation and processing of documents, hereinafter referred to as the “Document Preparation Service Fee,” related to the purchase.  The Document Preparation Service Fee shall include but not be limited to: the preparation of the sales contract and all documents related to the sales contract; the preparation of the financing application and all documents related to the financing of the vehicle; the preparation and processing of all necessary certificates related to the vehicle purchase; the preparation and processing of all documents  necessary to issue or transfer a certificate of title for a vehicle or register a vehicle or transfer registration of a vehicle; and any other preparation or processing of documents related to the completion of the vehicle sales and finance transaction. The dealer shall not represent the Document Preparation Service Fee as a governmental fee or one required by government, and the total Document Preparation Service Fee shall not exceed $75.00.

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