New York S02672 amends the general business law to increase notice of cancellation requirements for automobile broker businesses.

New York S02672 amends the general business law to increase notice of cancellation requirements for automobile broker businesses. The bill mandates that a completed form, titled "Notice of Cancellation," must be attached to the contract and easily detachable. This form must contain specific information in at least twelve-point type, including the right to cancel the contract without penalty or obligation within three days from the date the executed contract is received or until the automobile is delivered, whichever is sooner.

New York S02672 amends the general business law to increase notice of cancellation requirements for automobile broker businesses.

New York S02672 amends the general business law to increase notice of cancellation requirements for automobile broker businesses. The bill mandates that a completed form, titled "Notice of Cancellation," must be attached to the contract and easily detachable. This form must contain specific information in at least twelve-point type, including the right to cancel the contract without penalty or obligation within three days from the date the executed contract is received or until the automobile is delivered, whichever is sooner.