Allows termination of motor vehicle lease upon lessee's death and prohibits fees for early termination.

This bill allows a motor vehicle lease to be terminated upon the death of the lessee and the return of the vehicle to the dealer or lessor. It prohibits a dealer or lessor from imposing or assessing any fee for the early termination of a vehicle lease in the event of a lessee’s death. However, the dealer or lessor would be permitted to assess a reasonable fee for a vehicle returned with excess wear, use, or mileage, if specified in the lease agreement.

Allows termination of motor vehicle lease upon lessee's death and prohibits fees for early termination.

This bill allows a motor vehicle lease to be terminated upon the death of the lessee and the return of the vehicle to the dealer or lessor. It prohibits a dealer or lessor from imposing or assessing any fee for the early termination of a vehicle lease in the event of a lessee’s death. However, the dealer or lessor would be permitted to assess a reasonable fee for a vehicle returned with excess wear, use, or mileage, if specified in the lease agreement.