New York A05225 requires motor vehicle dealers to disclose price markups to purchasers and study problematic practices.

New York A05225 mandates that motor vehicle dealers disclose any price markups related to financing at the time of sale. Failure to disclose these markups can lead to the suspension or revocation of the dealer's registration and imposes civil liability for damages and attorney's fees on the purchaser. The bill also authorizes the financial frauds and consumer protection unit of the Department of Financial Services to study motor vehicle price markups, including practices such as race discrimination, and to recommend their elimination.

New York A05225 requires motor vehicle dealers to disclose price markups to purchasers and study problematic practices.

New York A05225 mandates that motor vehicle dealers disclose any price markups related to financing at the time of sale. Failure to disclose these markups can lead to the suspension or revocation of the dealer's registration and imposes civil liability for damages and attorney's fees on the purchaser. The bill also authorizes the financial frauds and consumer protection unit of the Department of Financial Services to study motor vehicle price markups, including practices such as race discrimination, and to recommend their elimination.