New York A00441 amends the notice of cancellation requirements for automobile broker businesses.

New York A00441 amends the general business law to increase the notice of cancellation requirements for automobile broker businesses. The bill mandates that contracts must include a detachable "Notice of Cancellation" form, clearly stating that consumers may cancel the contract without penalty within three days of receiving the executed contract. The form must be in at least twelve-point type and include specific instructions for cancellation. The bill also ensures that automobile broker businesses are not affiliated with manufacturers, dealerships, or distributors.

New York A00441 amends the notice of cancellation requirements for automobile broker businesses.

New York A00441 amends the general business law to increase the notice of cancellation requirements for automobile broker businesses. The bill mandates that contracts must include a detachable "Notice of Cancellation" form, clearly stating that consumers may cancel the contract without penalty within three days of receiving the executed contract. The form must be in at least twelve-point type and include specific instructions for cancellation. The bill also ensures that automobile broker businesses are not affiliated with manufacturers, dealerships, or distributors.